Morgan Stanley (NYSE:MS) Shares Sold by Rosenblum Silverman Sutton S F Inc. CA

Rosenblum Silverman Sutton S F Inc. CA lowered its stake in Morgan Stanley (NYSE:MS) by 18.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,760 shares of the financial services provider’s stock after selling 2,960 shares during the period. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Morgan Stanley were worth $559,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Destination Wealth Management boosted its position in Morgan Stanley by 38.7% during the first quarter. Destination Wealth Management now owns 771 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 215 shares in the last quarter. Arcus Capital Partners LLC boosted its position in Morgan Stanley by 1.0% during the first quarter. Arcus Capital Partners LLC now owns 22,835 shares of the financial services provider’s stock worth $964,000 after purchasing an additional 230 shares in the last quarter. Lourd Capital LLC boosted its position in Morgan Stanley by 2.2% during the second quarter. Lourd Capital LLC now owns 10,652 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 233 shares in the last quarter. Citizens Financial Group Inc RI boosted its position in Morgan Stanley by 46.2% during the first quarter. Citizens Financial Group Inc RI now owns 775 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 245 shares in the last quarter. Finally, Renaissance Investment Group LLC boosted its position in Morgan Stanley by 2.8% during the first quarter. Renaissance Investment Group LLC now owns 9,140 shares of the financial services provider’s stock worth $385,000 after purchasing an additional 250 shares in the last quarter. 83.85% of the stock is currently owned by institutional investors and hedge funds.

MS has been the topic of a number of research analyst reports. Royal Bank of Canada set a $60.00 target price on Morgan Stanley and gave the stock a “buy” rating in a research report on Wednesday, April 24th. ValuEngine downgraded Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Wells Fargo & Co reiterated a “buy” rating on shares of Morgan Stanley in a research report on Wednesday, April 17th. BMO Capital Markets set a $69.00 target price on Morgan Stanley and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Oppenheimer set a $65.00 target price on Morgan Stanley and gave the stock a “buy” rating in a research report on Friday, July 19th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. Morgan Stanley currently has a consensus rating of “Hold” and an average price target of $56.92.

Shares of NYSE MS traded down $1.29 during trading on Monday, reaching $40.21. The company had a trading volume of 7,279,472 shares, compared to its average volume of 10,163,575. Morgan Stanley has a twelve month low of $36.74 and a twelve month high of $50.42. The stock has a market capitalization of $68.21 billion, a PE ratio of 8.72, a PEG ratio of 1.06 and a beta of 1.32. The business’s 50-day simple moving average is $43.75. The company has a quick ratio of 0.80, a current ratio of 0.77 and a debt-to-equity ratio of 2.66.

Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.10. Morgan Stanley had a return on equity of 11.04% and a net margin of 16.06%. The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.02 billion. During the same period in the previous year, the firm posted $1.30 earnings per share. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities research analysts expect that Morgan Stanley will post 4.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be paid a $0.35 dividend. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Tuesday, July 30th. Morgan Stanley’s dividend payout ratio is presently 30.37%.

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 through Institutional Securities, Wealth Management, and Investment Management segments.

See Also: Understanding Price to Earnings Ratio (PE)

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

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