WINTON GROUP Ltd reduced its holdings in shares of Morgan Stanley (NYSE:MS) by 26.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,415 shares of the financial services provider’s stock after selling 7,202 shares during the quarter. WINTON GROUP Ltd’s holdings in Morgan Stanley were worth $983,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Omnia Family Wealth LLC boosted its stake in shares of Morgan Stanley by 5.8% in the second quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 134 shares during the period. Rational Advisors LLC purchased a new position in shares of Morgan Stanley in the third quarter valued at $116,000. WFG Advisors LP boosted its stake in shares of Morgan Stanley by 45.4% in the second quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 840 shares during the period. Smithfield Trust Co. boosted its stake in shares of Morgan Stanley by 1.2% in the second quarter. Smithfield Trust Co. now owns 3,690 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 42 shares during the period. Finally, Dodge & Cox purchased a new position in shares of Morgan Stanley in the second quarter valued at $201,000. Institutional investors own 85.60% of the company’s stock.
Shares of Morgan Stanley (MS) traded down $0.67 during trading hours on Wednesday, hitting $52.01. 7,959,500 shares of the company’s stock were exchanged, compared to its average volume of 9,401,131. The firm 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 has a 52 week low of $40.06 and a 52 week 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.
Morgan Stanley (NYSE:MS) last issued its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, topping the Zacks’ 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 net margin of 16.76% and a return on equity of 10.07%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 earnings per share. sell-side analysts predict that Morgan Stanley will post 3.57 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a dividend of $0.25 per share. 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 27.70%.
In other Morgan Stanley news, President Thomas Colm Kelleher sold 40,000 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the sale, the president now directly owns 692,037 shares of the company’s stock, valued at $35,010,151.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey S. Brodsky sold 16,397 shares of the stock in a transaction 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 sale, the insider now directly owns 111,776 shares in the company, valued at $5,596,624.32. The disclosure for this sale can be found here. Insiders have sold 85,247 shares of company stock worth $4,284,364 over the last three months. 0.24% of the stock is owned by corporate insiders.
Several brokerages have recently weighed in on MS. Zacks Investment Research downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Citigroup restated a “neutral” rating and issued a $50.00 target price (up from $46.00) on shares of Morgan Stanley in a research note on Monday, October 9th. Credit Suisse Group upgraded shares of Morgan Stanley from a “neutral” rating to an “outperform” rating and upped their target price for the company from $49.00 to $54.00 in a research note on Monday, October 9th. BMO Capital Markets reaffirmed a “top pick” rating and issued a $69.00 price target on shares of Morgan Stanley in a report on Wednesday, October 18th. Finally, Buckingham Research upped their price target on shares of Morgan Stanley from $54.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. Morgan Stanley has an average 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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