Schroder Investment Management Group reduced its position in shares of Morgan Stanley (NYSE:MS) by 13.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,777,166 shares of the financial services provider’s stock after selling 585,588 shares during the period. Schroder Investment Management Group owned about 0.21% of Morgan Stanley worth $181,871,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of MS. DSAM Partners London Ltd bought a new stake in Morgan Stanley during the third quarter valued at $5,273,000. Davidson & Garrard Inc. grew its position in shares of Morgan Stanley by 2.2% during 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 during the last quarter. Calamos Wealth Management LLC bought a new position in shares of Morgan Stanley during the second quarter worth about $1,412,000. BB&T Corp grew its position in shares of Morgan Stanley by 9.7% during 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 during the last quarter. Finally, CAPROCK Group Inc. bought a new position in shares of Morgan Stanley during the third quarter worth about $220,000. 85.60% of the stock is currently owned by hedge funds and other institutional investors.
In other Morgan Stanley news, President Thomas Colm Kelleher sold 40,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the transaction, the president now owns 692,037 shares in the company, valued at $35,010,151.83. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey S. Brodsky sold 16,397 shares of the firm’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 transaction, the insider now owns 111,776 shares in the company, valued at approximately $5,596,624.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,247 shares of company stock valued at $4,284,364. 0.24% of the stock is currently owned by corporate insiders.
Morgan Stanley (MS) traded down $0.67 on Wednesday, hitting $52.01. The stock had a trading volume of 7,959,500 shares, compared to its average volume of 9,401,131. Morgan Stanley has a 12 month low of $40.06 and a 12 month high of $53.37. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $95,240.13, a PE ratio of 14.59, a price-to-earnings-growth ratio of 1.21 and a beta of 1.64.
Morgan Stanley (NYSE:MS) last issued its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.81 by $0.12. The firm had revenue of $9.20 billion during 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%. Morgan Stanley’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $0.80 earnings per share. equities research analysts anticipate that Morgan Stanley will post 3.57 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were paid 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 1.92%. Morgan Stanley’s dividend payout ratio (DPR) is presently 27.70%.
A number of equities analysts recently issued reports on the stock. Oppenheimer reiterated a “hold” rating on shares of Morgan Stanley in a research report on Tuesday, October 17th. set a $54.00 price target on shares of Morgan Stanley and gave the company a “hold” rating in a report on Friday, August 11th. Wells Fargo & Company began coverage on shares of Morgan Stanley in a report on Wednesday, August 9th. They issued a “market perform” rating and a $48.00 price target for the company. Berenberg Bank reissued a “hold” rating and issued a $40.00 price target on shares of Morgan Stanley in a report on Thursday, September 21st. Finally, Buckingham Research upped their price objective on shares of Morgan Stanley from $54.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $50.39.
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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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