Northern Oak Wealth Management Inc. Trims Stake in Morgan Stanley (MS)

Northern Oak Wealth Management Inc. lessened its holdings in shares of Morgan Stanley (NYSE:MS) by 3.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 162,173 shares of the financial services provider’s stock after selling 5,401 shares during the quarter. Morgan Stanley comprises about 1.5% of Northern Oak Wealth Management Inc.’s holdings, making the stock its 23rd biggest holding. Northern Oak Wealth Management Inc.’s holdings in Morgan Stanley were worth $7,812,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Piedmont Investment Advisors LLC increased its stake in shares of Morgan Stanley by 0.9% during the third quarter. Piedmont Investment Advisors LLC now owns 285,183 shares of the financial services provider’s stock worth $13,737,000 after buying an additional 2,595 shares during the period. California Public Employees Retirement System increased its stake in shares of Morgan Stanley by 3.8% during the third quarter. California Public Employees Retirement System now owns 3,270,868 shares of the financial services provider’s stock worth $157,558,000 after buying an additional 118,358 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Morgan Stanley by 36.5% during the third quarter. Janney Montgomery Scott LLC now owns 18,910 shares of the financial services provider’s stock worth $911,000 after buying an additional 5,054 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Morgan Stanley by 26.2% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 102,030 shares of the financial services provider’s stock worth $4,943,000 after buying an additional 21,187 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Morgan Stanley during the third quarter worth approximately $7,226,000. 85.60% of the stock is currently owned by institutional investors and hedge funds.

Morgan Stanley (NYSE MS) traded down $0.12 during mid-day trading on Tuesday, hitting $52.77. The stock had a trading volume of 6,316,900 shares, compared to its average volume of 9,366,125. The firm has a market capitalization of $95,619.78, a P/E ratio of 14.65, a P/E/G ratio of 1.24 and a beta of 1.64. Morgan Stanley has a 1-year low of $40.06 and a 1-year high of $53.37. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.74 and a quick ratio of 0.74.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.12. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.05 billion. During the same period last year, the company earned $0.80 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. equities research analysts expect that Morgan Stanley will post 3.57 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Monday, October 30th. Morgan Stanley’s dividend payout ratio is presently 27.70%.

In related news, 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 completion of the sale, the insider now directly owns 111,776 shares of the company’s stock, valued at $5,596,624.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alistair Darling sold 3,850 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $49.29, for a total value of $189,766.50. Following the sale, the director now directly owns 14,218 shares of the company’s stock, valued at $700,805.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,247 shares of company stock valued at $4,284,364. Corporate insiders own 0.24% of the company’s stock.

Several equities analysts have commented on the stock. Oppenheimer reiterated a “hold” rating on shares of Morgan Stanley in a research note on Tuesday, October 17th. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Monday. Berenberg Bank reiterated a “hold” rating and issued a $40.00 price target on shares of Morgan Stanley in a research note on Thursday, September 21st. Buckingham Research increased their price target on shares of Morgan Stanley from $54.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Compass Point reiterated a “sell” rating and issued a $38.00 price target (up from $34.00) on shares of Morgan Stanley in a research note on Monday, September 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given 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 $50.52.

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

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