Cornerstone Capital Management Holdings LLC. reduced its position in shares of Morgan Stanley (NYSE:MS) by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 271,303 shares of the financial services provider’s stock after selling 9,231 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Morgan Stanley were worth $13,067,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DSAM Partners London Ltd purchased a new position in Morgan Stanley in the third quarter valued at about $5,273,000. Davidson & Garrard Inc. increased its holdings in Morgan Stanley by 2.2% in the second quarter. Davidson & Garrard Inc. now owns 5,525 shares of the financial services provider’s stock valued at $246,000 after buying an additional 120 shares in the last quarter. Calamos Wealth Management LLC purchased a new position in Morgan Stanley in the second quarter valued at about $1,412,000. BB&T Corp increased its holdings in Morgan Stanley by 9.7% in the third quarter. BB&T Corp now owns 171,122 shares of the financial services provider’s stock valued at $8,243,000 after buying an additional 15,162 shares in the last quarter. Finally, CAPROCK Group Inc. purchased a new position in Morgan Stanley in the third quarter valued at about $220,000. 85.60% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on MS. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Monday. Oppenheimer reiterated a “hold” rating on shares of Morgan Stanley in a research report on Tuesday, October 17th. Berenberg Bank reiterated a “hold” rating and issued a $40.00 price target on shares of Morgan Stanley in a research report on Thursday, September 21st. Buckingham Research increased their price target on shares of Morgan Stanley from $54.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Compass Point reiterated a “sell” rating and issued a $38.00 price target (up from $34.00) on shares of Morgan Stanley in a research report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $50.52.
In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 16,397 shares of Morgan Stanley stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $50.07, for a total value of $820,997.79. Following the transaction, the insider now owns 111,776 shares in the company, valued at approximately $5,596,624.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Keishi Hotsuki sold 25,000 shares of Morgan Stanley stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $50.00, for a total transaction of $1,250,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,247 shares of company stock worth $4,284,364. 0.24% of the stock is owned by company insiders.
Shares of Morgan Stanley (NYSE:MS) traded up $0.54 during midday trading on Monday, reaching $52.89. 6,488,800 shares of the company were exchanged, compared to its average volume of 9,378,990. Morgan Stanley has a 1 year low of $40.06 and a 1 year high of $53.37. The firm has a market capitalization of $95,619.78, a price-to-earnings ratio of 14.65, a P/E/G ratio of 1.24 and a beta of 1.64. 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 announced its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $9.05 billion. During the same quarter last year, the business earned $0.80 earnings per share. Morgan Stanley’s revenue was up 3.2% compared to the same quarter last year. analysts anticipate that Morgan Stanley will post 3.57 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a yield of 1.89%. Morgan Stanley’s dividend payout ratio (DPR) is currently 27.70%.
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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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