Great West Life Assurance Co. Can lowered its stake in Morgan Stanley (NYSE:MS) by 6.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,436,808 shares of the financial services provider’s stock after selling 98,507 shares during the quarter. Great West Life Assurance Co. Can owned 0.08% of Morgan Stanley worth $69,076,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its stake in Morgan Stanley by 9.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 190 shares during the period. Rational Advisors LLC acquired a new stake in Morgan Stanley during the 3rd quarter worth $116,000. Omnia Family Wealth LLC boosted its stake in Morgan Stanley by 5.8% during the 2nd quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 134 shares during the last quarter. WFG Advisors LP boosted its stake in Morgan Stanley by 45.4% during the 2nd quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 840 shares during the last quarter. Finally, Smithfield Trust Co. boosted its stake in 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 purchasing an additional 42 shares during the last quarter. 85.67% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Morgan Stanley (NYSE MS) traded down $0.21 on Monday, reaching $48.85. 1,737,999 shares of the company traded hands, compared to its average volume of 9,408,041. The stock has a market cap of $88,695.53, a price-to-earnings ratio of 13.59, a P/E/G ratio of 1.13 and a beta of 1.66. Morgan Stanley has a 12-month low of $40.06 and a 12-month high of $51.52. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.74 and a current ratio of 0.74.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.12. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.05 billion. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. Morgan Stanley’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS. research analysts anticipate that Morgan Stanley will post 3.57 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.00 annualized dividend and a yield of 2.05%. Morgan Stanley’s dividend payout ratio (DPR) is currently 27.70%.
MS has been the topic of several recent research reports. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Monday, September 11th. ValuEngine cut shares of Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. J P Morgan Chase & Co set a $53.00 target price on shares of Morgan Stanley and gave the stock a “buy” rating in a research note on Friday, September 15th. raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Friday, September 15th. Finally, Buckingham Research lifted their target price on shares of Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. One 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 an average rating of “Buy” and a consensus price target of $50.39.
In other Morgan Stanley news, President Thomas Colm Kelleher sold 40,000 shares of the business’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 sale, the president now directly owns 692,037 shares in the company, valued at $35,010,151.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey S. Brodsky sold 16,397 shares of the business’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $50.07, for a total transaction of $820,997.79. Following the sale, the insider now owns 111,776 shares in the company, valued at $5,596,624.32. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.
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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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