Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in Morgan Stanley (NYSE:MS) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 325,469 shares of the financial services provider’s stock after selling 8,566 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Morgan Stanley were worth $15,678,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of MS. Parkside Financial Bank & Trust grew its position in Morgan Stanley by 9.1% in the second quarter. Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 190 shares in the last quarter. V Wealth Management LLC bought a new stake in Morgan Stanley in the second quarter worth approximately $106,000. Omnia Family Wealth LLC grew its position in Morgan Stanley by 5.8% in the second quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 134 shares in the last quarter. WFG Advisors LP grew its position in Morgan Stanley by 45.4% in the second quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 840 shares in the last quarter. Finally, Smithfield Trust Co. boosted its holdings in shares of Morgan Stanley by 1.2% during the 2nd quarter. Smithfield Trust Co. now owns 3,690 shares of the financial services provider’s stock worth $164,000 after buying an additional 42 shares during the period. 86.30% of the stock is owned by institutional investors.
Shares of Morgan Stanley (NYSE MS) traded down $0.13 during trading on Tuesday, hitting $48.63. 5,730,400 shares of the company were exchanged, compared to its average volume of 9,543,540. The firm has a market cap of $88,153.16, a PE ratio of 13.51, a P/E/G ratio of 1.12 and a beta of 1.66. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68. Morgan Stanley has a 1-year low of $38.40 and a 1-year high of $51.52.
Morgan Stanley (NYSE:MS) last announced its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.05 billion. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $0.80 EPS. equities analysts predict that Morgan Stanley will post 3.57 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, October 30th. Morgan Stanley’s dividend payout ratio (DPR) is currently 27.70%.
Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Friday, October 20th. set a $54.00 price objective on shares of Morgan Stanley and gave the stock a “hold” rating in a report on Friday, August 11th. Credit Suisse Group reaffirmed a “neutral” rating and set a $49.00 price objective (up from $47.00) on shares of Morgan Stanley in a report on Saturday, July 22nd. Buckingham Research upped their price objective on shares of Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Morgan Stanley in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $50.39.
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In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 16,397 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $50.07, for a total value of $820,997.79. Following the completion of the sale, the insider now owns 111,776 shares in the company, valued at approximately $5,596,624.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas Colm Kelleher sold 40,000 shares of the firm’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 owns 692,037 shares of the company’s stock, valued at approximately $35,010,151.83. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
Morgan Stanley 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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