Morgan Stanley (MS) Position Trimmed by HM Payson & Co.

HM Payson & Co. decreased its holdings in shares of Morgan Stanley (NYSE:MS) by 12.1% in the 3rd quarter, Holdings Channel reports. The firm owned 6,887 shares of the financial services provider’s stock after selling 947 shares during the quarter. HM Payson & Co.’s holdings in Morgan Stanley were worth $321,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. BlackRock Inc. increased its position in Morgan Stanley by 3.1% during the second quarter. BlackRock Inc. now owns 109,110,758 shares of the financial services provider’s stock worth $5,171,848,000 after buying an additional 3,264,493 shares during the period. FMR LLC increased its position in Morgan Stanley by 4.4% during the second quarter. FMR LLC now owns 45,817,038 shares of the financial services provider’s stock worth $2,171,728,000 after buying an additional 1,936,093 shares during the period. ValueAct Holdings L.P. increased its position in Morgan Stanley by 11.2% during the third quarter. ValueAct Holdings L.P. now owns 20,810,470 shares of the financial services provider’s stock worth $969,144,000 after buying an additional 2,100,850 shares during the period. Dimensional Fund Advisors LP increased its position in Morgan Stanley by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 11,754,253 shares of the financial services provider’s stock worth $557,223,000 after buying an additional 213,537 shares during the period. Finally, Pzena Investment Management LLC increased its position in Morgan Stanley by 0.6% during the second quarter. Pzena Investment Management LLC now owns 8,247,266 shares of the financial services provider’s stock worth $390,920,000 after buying an additional 47,260 shares during the period. Hedge funds and other institutional investors own 85.08% of the company’s stock.

In related news, major shareholder Stanley Morgan sold 327 shares of the company’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $23,000.00, for a total transaction of $7,521,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.19% of the company’s stock.

A number of research analysts have recently issued reports on MS shares. Wolfe Research started coverage on Morgan Stanley in a report on Tuesday, September 25th. They issued an “outperform” rating on the stock. Vining Sparks reissued a “buy” rating and issued a $60.00 target price on shares of Morgan Stanley in a report on Tuesday, October 16th. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Tuesday, November 20th. Oppenheimer raised Morgan Stanley to an “outperform” rating and set a $62.00 target price on the stock in a report on Tuesday, October 16th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $62.00 target price on shares of Morgan Stanley in a report on Monday, September 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $58.41.

Shares of MS stock opened at $44.39 on Monday. Morgan Stanley has a 1-year low of $42.54 and a 1-year high of $59.38. The firm has a market cap of $76.36 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 0.77 and a beta of 1.25. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.67.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.16. Morgan Stanley had a return on equity of 12.51% and a net margin of 15.93%. The firm had revenue of $9.87 billion for the quarter, compared to analyst estimates of $9.55 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. Morgan Stanley’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts predict that Morgan Stanley will post 4.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Tuesday, October 30th. Morgan Stanley’s dividend payout ratio is presently 33.33%.

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Morgan Stanley Company Profile

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates Institutional Securities, Wealth Management, and Investment Management segments.

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

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