Boston Advisors LLC reduced its stake in shares of Morgan Stanley (NYSE:MS) by 16.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,156 shares of the financial services provider’s stock after selling 16,957 shares during the period. Boston Advisors LLC’s holdings in Morgan Stanley were worth $3,676,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. LVM Capital Management Ltd. MI lifted its holdings in shares of Morgan Stanley by 0.4% in the 2nd quarter. LVM Capital Management Ltd. MI now owns 238,404 shares of the financial services provider’s stock worth $10,444,000 after acquiring an additional 1,054 shares during the last quarter. Fulton Bank N.A. lifted its holdings in Morgan Stanley by 4.4% during the 2nd quarter. Fulton Bank N.A. now owns 33,851 shares of the financial services provider’s stock worth $1,483,000 after buying an additional 1,424 shares in the last quarter. DNB Asset Management AS lifted its holdings in Morgan Stanley by 15.7% during the 2nd quarter. DNB Asset Management AS now owns 198,238 shares of the financial services provider’s stock worth $8,685,000 after buying an additional 26,906 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Morgan Stanley during the 2nd quarter worth approximately $9,911,000. Finally, Douglas Lane & Associates LLC lifted its holdings in Morgan Stanley by 6.2% during the 2nd quarter. Douglas Lane & Associates LLC now owns 1,130,300 shares of the financial services provider’s stock worth $49,518,000 after buying an additional 65,714 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.
A number of equities research analysts have issued reports on MS shares. Pritchard Capital upgraded shares of Morgan Stanley to a “buy” rating and set a $48.00 target price on the stock in a report on Thursday, October 10th. Odeon Capital Group lowered shares of Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Sandler O’Neill raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Thursday, October 10th. BNP Paribas started coverage on shares of Morgan Stanley in a research report on Tuesday. They issued a “buy” rating and a $59.00 price objective on the stock. Finally, TheStreet raised shares of Morgan Stanley from a “c+” rating to a “b-” rating in a research report on Wednesday, September 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $54.54.
Shares of MS stock traded up $0.73 during mid-day trading on Wednesday, hitting $48.84. The stock had a trading volume of 8,039,307 shares, compared to its average volume of 10,530,475. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.78 and a quick ratio of 0.78. Morgan Stanley has a fifty-two week low of $36.74 and a fifty-two week high of $49.98. The company’s 50-day simple moving average is $47.63 and its 200-day simple moving average is $43.91. The firm has a market cap of $80.09 billion, a PE ratio of 10.59, a PEG ratio of 1.08 and a beta of 1.38.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.17. The firm had revenue of $10.03 billion during the quarter, compared to analysts’ expectations of $9.63 billion. Morgan Stanley had a net margin of 15.99% and a return on equity of 10.86%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.17 earnings per share. On average, analysts expect that Morgan Stanley will post 4.74 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Wednesday, October 30th. Morgan Stanley’s payout ratio is currently 30.37%.
In other Morgan Stanley news, insider Keishi Hotsuki sold 26,000 shares of Morgan Stanley stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $49.08, for a total transaction of $1,276,080.00. Following the transaction, the insider now directly owns 254,530 shares of the company’s stock, valued at $12,492,332.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Ufj Financial Group Mitsubishi purchased 70,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was bought at an average cost of $1.01 per share, for a total transaction of $70,700.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 151,105 shares of company stock valued at $5,063,359. 0.23% of the stock is currently owned by company insiders.
Morgan Stanley Profile
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.
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