State Board of Administration of Florida Retirement System decreased its position in Morgan Stanley (NYSE:MS) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,032,204 shares of the financial services provider’s stock after selling 25,590 shares during the period. State Board of Administration of Florida Retirement System owned 0.11% of Morgan Stanley worth $97,891,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of MS. Parkside Financial Bank & Trust boosted its position in shares of 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 worth $101,000 after purchasing an additional 190 shares during the period. Invictus RG purchased a new position in shares of Morgan Stanley during the 1st quarter worth approximately $106,000. V Wealth Management LLC purchased a new position in shares of Morgan Stanley during the 2nd quarter worth approximately $106,000. Omnia Family Wealth LLC boosted its position in shares of 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 worth $108,000 after purchasing an additional 134 shares during the period. Finally, WFG Advisors LP boosted its position in shares of Morgan Stanley by 45.4% during the 2nd quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 840 shares during the period. 85.09% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Wednesday. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Morgan Stanley in a research report on Tuesday, October 17th. HSBC Holdings plc set a $54.00 price objective on shares of Morgan Stanley and gave the stock a “hold” rating in a research report on Friday, August 11th. Wells Fargo & Company assumed coverage on shares of Morgan Stanley in a research report on Wednesday, August 9th. They set a “market perform” rating and a $48.00 price objective for the company. Finally, BMO Capital Markets reaffirmed a “top pick” rating and set a $69.00 price objective on shares of Morgan Stanley in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $50.39.
In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 16,397 shares of the firm’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $50.07, for a total transaction of $820,997.79. Following the transaction, the insider now directly owns 111,776 shares of the company’s stock, valued at approximately $5,596,624.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas Colm Kelleher sold 40,000 shares of the firm’s stock in a transaction on 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 directly owns 692,037 shares in the company, valued at $35,010,151.83. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.
Morgan Stanley (NYSE MS) traded up $0.42 during midday trading on Friday, hitting $50.42. 7,901,784 shares of the company were exchanged, compared to its average volume of 8,400,227. The stock has a market capitalization of $92,600.41, a PE ratio of 13.97 and a beta of 1.66.
Morgan Stanley (NYSE:MS) last posted its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.12. The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.05 billion. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.11%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm posted $0.80 EPS. equities analysts anticipate that Morgan Stanley will post 3.57 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Monday, October 30th. Morgan Stanley’s dividend payout ratio (DPR) 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.
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