First Trust Advisors LP raised its holdings in shares of Morgan Stanley (NYSE:MS) by 8.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 688,506 shares of the financial services provider’s stock after acquiring an additional 52,029 shares during the quarter. First Trust Advisors LP’s holdings in Morgan Stanley were worth $33,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Parkside Financial Bank & Trust raised its holdings in Morgan Stanley by 9.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 190 shares during the period. Invictus RG bought a new stake in Morgan Stanley during the 1st quarter valued at $106,000. V Wealth Management LLC bought a new stake in Morgan Stanley during the 2nd quarter valued at $106,000. Omnia Family Wealth LLC raised its holdings in Morgan Stanley by 5.8% during the 2nd quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 134 shares during the period. Finally, WFG Advisors LP raised its holdings in Morgan Stanley by 45.4% during the 2nd quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 840 shares during the period. 85.09% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on MS shares. Deutsche Bank AG reissued a “buy” rating on shares of Morgan Stanley in a report on Monday, July 3rd. Buckingham Research reissued a “buy” rating and set a $54.00 target price (up previously from $51.00) on shares of Morgan Stanley in a report on Monday, July 10th. Zacks Investment Research cut shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BMO Capital Markets boosted their target price on shares of Morgan Stanley from $58.00 to $61.00 and gave the company an “outperform” rating in a report on Thursday, July 20th. Finally, Bank of America Corporation boosted their target price on shares of Morgan Stanley from $50.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $50.39.
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Shares of Morgan Stanley (NYSE:MS) opened at 50.46 on Tuesday. Morgan Stanley has a 52-week low of $32.56 and a 52-week high of $51.52. The stock has a market capitalization of $91.43 billion, a price-to-earnings ratio of 14.01 and a beta of 1.61. The firm’s 50-day moving average is $48.72 and its 200 day moving average is $45.70.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.11%. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.05 billion. During the same period last year, the company posted $0.80 EPS. The business’s revenue was up 3.2% on a year-over-year basis. Equities analysts expect that Morgan Stanley will post $3.60 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.98%. Morgan Stanley’s payout ratio is currently 27.70%.
In other Morgan Stanley news, President Thomas Colm Kelleher sold 40,000 shares of Morgan Stanley stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $50.59, for a total value of $2,023,600.00. Following the completion of the transaction, the president now directly owns 692,037 shares of the company’s stock, valued at approximately $35,010,151.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey S. Brodsky sold 16,397 shares of Morgan Stanley 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 completion of the transaction, the insider now directly owns 111,776 shares of the company’s stock, valued at $5,596,624.32. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
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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