German American Bancorp Inc. Increases Holdings in Morgan Stanley (NYSE:MS)

German American Bancorp Inc. increased its holdings in shares of Morgan Stanley (NYSE:MS) by 2.8% in the third quarter, Holdings Channel reports. The firm owned 71,023 shares of the financial services provider’s stock after acquiring an additional 1,943 shares during the period. Morgan Stanley makes up 1.1% of German American Bancorp Inc.’s portfolio, making the stock its 27th biggest position. German American Bancorp Inc.’s holdings in Morgan Stanley were worth $6,911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in MS. Mitchell Capital Management Co. lifted its holdings in Morgan Stanley by 4.8% in the 3rd quarter. Mitchell Capital Management Co. now owns 42,653 shares of the financial services provider’s stock worth $4,151,000 after buying an additional 1,959 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its holdings in Morgan Stanley by 5.9% in the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 52,833 shares of the financial services provider’s stock worth $5,141,000 after buying an additional 2,930 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Morgan Stanley by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,330,477 shares of the financial services provider’s stock valued at $855,512,000 after purchasing an additional 351,816 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of Morgan Stanley by 3.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 31,445 shares of the financial services provider’s stock valued at $3,060,000 after purchasing an additional 1,013 shares in the last quarter. Finally, TPI Fund Managers Ltd raised its stake in shares of Morgan Stanley by 0.6% in the 3rd quarter. TPI Fund Managers Ltd now owns 184,680 shares of the financial services provider’s stock valued at $17,971,000 after purchasing an additional 1,121 shares in the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:MS traded down $2.97 during mid-day trading on Friday, hitting $99.58. The stock had a trading volume of 410,484 shares, compared to its average volume of 7,666,797. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $178.69 billion, a PE ratio of 13.10, a P/E/G ratio of 1.75 and a beta of 1.53. Morgan Stanley has a 12-month low of $66.85 and a 12-month high of $106.47. The company’s 50 day moving average is $99.71 and its 200-day moving average is $99.36.

Morgan Stanley (NYSE:MS) last posted its earnings results on Thursday, October 14th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.30. Morgan Stanley had a net margin of 24.42% and a return on equity of 15.41%. The business had revenue of $14.75 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period last year, the business posted $1.59 EPS. Morgan Stanley’s revenue was up 26.6% compared to the same quarter last year. On average, equities research analysts predict that Morgan Stanley will post 7.95 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada lowered shares of Morgan Stanley from an “outperform” rating to a “sector perform” rating and set a $97.00 target price on the stock. in a research note on Friday, October 15th. Jefferies Financial Group started coverage on shares of Morgan Stanley in a research note on Friday, October 15th. They set a “buy” rating and a $121.00 price objective on the stock. Berenberg Bank set a $95.00 price objective on shares of Morgan Stanley and gave the stock a “hold” rating in a research note on Tuesday, September 28th. They noted that the move was a valuation call. Piper Sandler increased their price objective on shares of Morgan Stanley from $103.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, October 15th. Finally, BMO Capital Markets increased their price objective on shares of Morgan Stanley from $107.00 to $109.00 and gave the stock an “outperform” rating in a research note on Friday, October 15th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $104.21.

In related news, Director Alistair Darling sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 9th. The shares were sold at an average price of $99.46, for a total value of $99,460.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.23% of the company’s stock.

About Morgan Stanley

Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following segments: Institutional Securities, Wealth Management, and Investment Management.

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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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