Telos Capital Management Inc. boosted its position in Morgan Stanley (NYSE:MS) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,494 shares of the financial services provider’s stock after purchasing an additional 2,378 shares during the quarter. Telos Capital Management Inc. owned about 3,184.94% of Morgan Stanley worth $2,818,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of MS. Davidson Investment Advisors grew its stake in shares of Morgan Stanley by 2.6% in the 1st quarter. Davidson Investment Advisors now owns 291,525 shares of the financial services provider’s stock worth $12,486,000 after purchasing an additional 7,462 shares during the last quarter. Davidson & Garrard Inc. increased its position in shares of Morgan Stanley by 2.2% in the second quarter. Davidson & Garrard Inc. now owns 5,525 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 120 shares in the last quarter. Calamos Wealth Management LLC purchased a new position in shares of Morgan Stanley in the second quarter worth approximately $1,412,000. BB&T Corp increased its position in shares of Morgan Stanley by 9.7% in the third quarter. BB&T Corp now owns 171,122 shares of the financial services provider’s stock worth $8,243,000 after acquiring an additional 15,162 shares in the last quarter. Finally, CAPROCK Group Inc. purchased a new position in Morgan Stanley during the third quarter valued at approximately $220,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.
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In other news, insider Jeffrey S. Brodsky sold 16,397 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $50.07, for a total transaction of $820,997.79. Following the transaction, the insider now directly owns 111,776 shares of the company’s stock, valued at $5,596,624.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas Colm Kelleher sold 40,000 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $50.59, for a total value of $2,023,600.00. Following the sale, the president now owns 692,037 shares of the company’s stock, valued at approximately $35,010,151.83. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.
Morgan Stanley (NYSE MS) traded up $0.50 during trading hours on Friday, hitting $48.60. The stock had a trading volume of 7,788,900 shares, compared to its average volume of 9,520,461. The company has a market capitalization of $88,260.00, a PE ratio of 13.32, a P/E/G ratio of 1.11 and a beta of 1.66. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.74 and a current ratio of 0.74. Morgan Stanley has a 52 week low of $38.72 and a 52 week high of $51.52.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.12. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.05 billion. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 earnings per share. equities analysts forecast that Morgan Stanley will post 3.57 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Monday, October 30th. Morgan Stanley’s dividend payout ratio is currently 27.62%.
MS has been the subject of a number of analyst reports. set a $54.00 target price on shares of Morgan Stanley and gave the company a “hold” rating in a research note on Friday, August 11th. J P Morgan Chase & Co set a $53.00 price objective on shares of Morgan Stanley and gave the stock a “buy” rating in a research note on Friday, September 15th. Zacks Investment Research upgraded shares of Morgan Stanley from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Macquarie reiterated an “outperform” rating and set a $52.00 target price (up from $51.00) on shares of Morgan Stanley in a research note on Saturday, July 22nd. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Morgan Stanley in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.39.
About Morgan Stanley
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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