Morgan Stanley (MS) Shares Sold by Bbva Compass Bancshares Inc.

Bbva Compass Bancshares Inc. decreased its stake in Morgan Stanley (NYSE:MS) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 212,153 shares of the financial services provider’s stock after selling 5,183 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Morgan Stanley were worth $10,220,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in MS. BlackRock Inc. raised its holdings in shares of Morgan Stanley by 1.0% during the 2nd quarter. BlackRock Inc. now owns 102,137,658 shares of the financial services provider’s stock valued at $4,551,254,000 after purchasing an additional 969,461 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Morgan Stanley by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 93,483,287 shares of the financial services provider’s stock valued at $4,165,615,000 after purchasing an additional 1,256,318 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Morgan Stanley by 3.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 20,973,434 shares of the financial services provider’s stock valued at $934,569,000 after purchasing an additional 654,034 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Morgan Stanley by 7.2% during the 1st quarter. Geode Capital Management LLC now owns 14,456,307 shares of the financial services provider’s stock valued at $618,456,000 after purchasing an additional 970,041 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Morgan Stanley by 24.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,326,657 shares of the financial services provider’s stock valued at $549,275,000 after purchasing an additional 2,427,130 shares in the last quarter. Institutional investors own 85.09% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.com-unik.info/2017/11/02/morgan-stanley-ms-shares-sold-by-bbva-compass-bancshares-inc.html.

In other Morgan Stanley news, President Thomas Colm Kelleher sold 40,000 shares of the stock in a transaction dated 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 in the company, valued at $35,010,151.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey S. Brodsky sold 16,397 shares of the stock in a transaction dated 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 owns 111,776 shares in the company, valued at $5,596,624.32. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

A number of research analysts have recently weighed in on MS shares. Buckingham Research restated a “buy” rating and set a $54.00 price target (up previously from $51.00) on shares of Morgan Stanley in a report on Monday, July 10th. Zacks Investment Research downgraded shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BMO Capital Markets raised their price target 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. Bank of America Corporation raised their price target 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. Finally, Credit Suisse Group restated a “neutral” rating and set a $49.00 price target (up previously from $47.00) on shares of Morgan Stanley in a report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $50.39.

Morgan Stanley (NYSE:MS) last released its quarterly earnings results 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 net margin of 16.76% and a return on equity of 10.11%. 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 prior year, the company posted $0.80 earnings per share. Morgan Stanley’s revenue was up 3.2% compared to the same quarter last year.

The company 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.00%. Morgan Stanley’s payout ratio is 27.70%.

Morgan Stanley Company 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.

Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

What are top analysts saying about Morgan Stanley? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Morgan Stanley and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit