Skba Capital Management LLC increased its position in Morgan Stanley (NYSE:MS) by 5.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 393,000 shares of the financial services provider’s stock after purchasing an additional 21,400 shares during the quarter. Morgan Stanley makes up about 2.7% of Skba Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. Skba Capital Management LLC’s holdings in Morgan Stanley were worth $18,931,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake in Morgan Stanley by 5,268.0% during the second quarter. Janus Henderson Group PLC now owns 9,590,843 shares of the financial services provider’s stock valued at $427,365,000 after buying an additional 9,412,177 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Morgan Stanley by 801.0% in the 2nd quarter. Lazard Asset Management LLC now owns 5,321,327 shares of the financial services provider’s stock worth $237,117,000 after purchasing an additional 4,730,704 shares in the last quarter. Epoch Investment Partners Inc. increased its holdings in shares of Morgan Stanley by 92.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 9,653,836 shares of the financial services provider’s stock worth $430,175,000 after purchasing an additional 4,625,783 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Morgan Stanley by 94.3% in the 2nd quarter. Alliancebernstein L.P. now owns 7,091,745 shares of the financial services provider’s stock worth $316,008,000 after purchasing an additional 3,442,450 shares in the last quarter. Finally, Standard Life Investments LTD increased its holdings in shares of Morgan Stanley by 837.7% in the 2nd quarter. Standard Life Investments LTD now owns 3,570,298 shares of the financial services provider’s stock worth $159,038,000 after purchasing an additional 3,189,560 shares in the last quarter. Institutional investors own 85.67% of the company’s stock.
In related news, insider Jeffrey S. Brodsky sold 16,397 shares of the business’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $50.07, for a total value of $820,997.79. Following the sale, the insider now directly owns 111,776 shares in the company, valued at $5,596,624.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thomas Colm Kelleher sold 40,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the president now owns 692,037 shares in the company, valued at $35,010,151.83. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.
A number of analysts have commented on MS shares. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Monday, September 11th. ValuEngine lowered Morgan Stanley from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. J P Morgan Chase & Co set a $53.00 target price on Morgan Stanley and gave the stock a “buy” rating in a report on Friday, September 15th. raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Friday, September 15th. Finally, Buckingham Research lifted their target price on Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.39.
Shares of Morgan Stanley (NYSE MS) traded up $0.51 during trading on Monday, hitting $49.21. The stock had a trading volume of 2,439,251 shares, compared to its average volume of 9,500,156. Morgan Stanley has a fifty-two week low of $39.89 and a fifty-two week high of $51.52. The stock has a market capitalization of $88,040.00, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 1.12 and a beta of 1.66. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.12. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.05 billion. During the same period in the previous year, the business earned $0.80 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. analysts forecast that Morgan Stanley will post 3.57 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.03%. Morgan Stanley’s dividend payout ratio is currently 27.62%.
Morgan Stanley Profile
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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