Partners Capital Investment Group Holdings LLC bought a new stake in shares of Morgan Stanley (NYSE:MS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,521 shares of the financial services provider’s stock, valued at approximately $651,000.
A number of other large investors have also recently made changes to their positions in the business. Parkside Financial Bank & Trust grew its holdings 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 valued at $101,000 after acquiring an additional 190 shares in the last quarter. Omnia Family Wealth LLC grew its holdings 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 valued at $108,000 after acquiring an additional 134 shares in the last quarter. Invictus RG grew its holdings in shares of Morgan Stanley by 307.5% during the 3rd quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 1,762 shares in the last quarter. Rational Advisors LLC purchased a new position in shares of Morgan Stanley during the 3rd quarter valued at $116,000. Finally, WFG Advisors LP grew its holdings 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 valued at $120,000 after acquiring an additional 840 shares in the last quarter. 85.60% of the stock is currently owned by institutional investors.
Several equities analysts have recently commented on MS shares. ValuEngine cut shares of Morgan Stanley from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Friday, September 15th. Zacks Investment Research cut shares of Morgan Stanley from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. J P Morgan Chase & Co reiterated a “buy” rating on shares of Morgan Stanley in a report on Monday, November 20th. Finally, Citigroup reiterated a “neutral” rating and issued a $50.00 price objective (up from $46.00) on shares of Morgan Stanley in a report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $50.39.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.12. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.05 billion. During the same period in the prior year, the company earned $0.80 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. equities analysts forecast that Morgan Stanley will post 3.57 earnings per share for the current fiscal year.
The company also recently declared 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. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Monday, October 30th. 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 company’s 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 completion of the sale, the president now directly owns 692,037 shares in the company, valued at $35,010,151.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Keishi Hotsuki sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $50.00, for a total transaction of $1,250,000.00. The disclosure for this sale can be found here. Insiders have sold 85,247 shares of company stock valued at $4,284,364 over the last 90 days. Corporate 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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