Providence First Trust Co Has $1.32 Million Stake in Morgan Stanley (MS)

Providence First Trust Co increased its position in shares of Morgan Stanley (NYSE:MS) by 79.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,329 shares of the financial services provider’s stock after buying an additional 12,082 shares during the quarter. Providence First Trust Co’s holdings in Morgan Stanley were worth $1,316,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its holdings in Morgan Stanley by 5,268.0% in the 2nd quarter. Janus Henderson Group PLC now owns 9,590,843 shares of the financial services provider’s stock valued at $427,365,000 after purchasing an additional 9,412,177 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Morgan Stanley by 801.0% in the 2nd quarter. Lazard Asset Management LLC now owns 5,321,327 shares of the financial services provider’s stock valued at $237,117,000 after purchasing an additional 4,730,704 shares during the last quarter. Epoch Investment Partners Inc. increased its holdings in Morgan Stanley by 92.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 9,653,836 shares of the financial services provider’s stock valued at $430,175,000 after purchasing an additional 4,625,783 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Morgan Stanley by 94.3% in the 2nd quarter. Alliancebernstein L.P. now owns 7,091,745 shares of the financial services provider’s stock valued at $316,008,000 after purchasing an additional 3,442,450 shares during the last quarter. Finally, Standard Life Investments LTD increased its holdings in Morgan Stanley by 837.7% in the 2nd quarter. Standard Life Investments LTD now owns 3,570,298 shares of the financial services provider’s stock valued at $159,038,000 after purchasing an additional 3,189,560 shares during the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Morgan Stanley (NYSE:MS) traded down $0.06 on Monday, reaching $48.76. 5,436,500 shares of the company were exchanged, compared to its average volume of 9,561,031. Morgan Stanley has a 52-week low of $37.34 and a 52-week high of $51.52. The stock has a market capitalization of $88,030.00, a PE ratio of 13.51, a PEG ratio of 1.12 and a beta of 1.66. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.68.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.12. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.05 billion. During the same period in the previous year, the company earned $0.80 earnings per share. Morgan Stanley’s quarterly revenue was up 3.2% compared to the same quarter last year. analysts anticipate that Morgan Stanley will post 3.57 earnings per share for the current fiscal year.

The business also recently declared 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. The ex-dividend date is Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.05%. Morgan Stanley’s dividend payout ratio (DPR) is presently 27.62%.

Several research firms recently weighed in on MS. HSBC Holdings plc set a $54.00 target price on shares of Morgan Stanley and gave the company a “hold” rating in a report on Friday, August 11th. J P Morgan Chase & Co set a $53.00 target price on shares of Morgan Stanley and gave the company a “buy” rating in a report on Friday, September 15th. Zacks Investment Research upgraded shares of Morgan Stanley from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Macquarie restated an “outperform” rating and issued a $52.00 price target (up previously from $51.00) on shares of Morgan Stanley in a research note on Saturday, July 22nd. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Morgan Stanley in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Morgan Stanley presently has a consensus rating of “Buy” and an average price target of $50.39.

In other 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 value of $2,023,600.00. Following the completion of the sale, the president now directly owns 692,037 shares of the company’s stock, valued at $35,010,151.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey S. Brodsky sold 16,397 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were 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 disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

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

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