Canton Hathaway LLC Grows Stock Holdings in Morgan Stanley (NYSE:MS)

Canton Hathaway LLC grew its holdings in Morgan Stanley (NYSE:MS) by 13.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,627 shares of the financial services provider’s stock after acquiring an additional 902 shares during the period. Canton Hathaway LLC’s holdings in Morgan Stanley were worth $742,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MS. Axiom Investment Management LLC purchased a new stake in shares of Morgan Stanley in the 1st quarter valued at $279,000. Colony Group LLC boosted its holdings in Morgan Stanley by 13.5% during the first quarter. Colony Group LLC now owns 5,398 shares of the financial services provider’s stock worth $419,000 after buying an additional 642 shares in the last quarter. Stonnington Group LLC purchased a new stake in Morgan Stanley during the first quarter worth $837,000. Kingsview Wealth Management LLC boosted its holdings in Morgan Stanley by 66.9% during the first quarter. Kingsview Wealth Management LLC now owns 4,924 shares of the financial services provider’s stock worth $385,000 after buying an additional 1,973 shares in the last quarter. Finally, Aspire Private Capital LLC boosted its holdings in Morgan Stanley by 71.5% during the first quarter. Aspire Private Capital LLC now owns 4,865 shares of the financial services provider’s stock worth $378,000 after buying an additional 2,028 shares in the last quarter. 84.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE MS traded down $0.74 during mid-day trading on Thursday, reaching $101.12. The company’s stock had a trading volume of 7,146,439 shares, compared to its average volume of 9,774,691. The stock has a 50-day moving average of $100.39 and a two-hundred day moving average of $96.71. The stock has a market capitalization of $181.45 billion, a P/E ratio of 12.91, a P/E/G ratio of 1.73 and a beta of 1.56. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.75 and a current ratio of 0.75. Morgan Stanley has a 1-year low of $61.59 and a 1-year high of $105.95.

Morgan Stanley (NYSE:MS) last issued its earnings results on Thursday, October 14th. The financial services provider reported $1.98 EPS for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.30. The business had revenue of $14.75 billion during the quarter, compared to analysts’ expectations of $13.95 billion. Morgan Stanley had a net margin of 24.42% and a return on equity of 15.41%. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 earnings per share. Analysts predict that Morgan Stanley will post 7.97 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 15th. Investors of record on Friday, October 29th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.77%. The ex-dividend date was Thursday, October 28th. Morgan Stanley’s payout ratio is currently 35.76%.

A number of brokerages recently issued reports on MS. TheStreet raised shares of Morgan Stanley from a “c+” rating to a “b-” rating in a report on Monday, November 8th. Credit Suisse Group increased their price target on shares of Morgan Stanley from $108.00 to $112.00 and gave the stock an “outperform” rating in a report on Friday, October 15th. Seaport Res Ptn downgraded shares of Morgan Stanley from a “buy” rating to a “neutral” rating in a report on Friday, August 13th. Jefferies Financial Group began coverage on shares of Morgan Stanley in a report on Friday, October 15th. They set a “buy” rating and a $121.00 price target on the stock. Finally, Oppenheimer downgraded shares of Morgan Stanley from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 29th. They noted that the move was a valuation call. Eleven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $101.26.

In related news, Director Alistair Darling sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 9th. The shares were sold at an average price of $99.46, for a total transaction of $99,460.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by company insiders.

Morgan Stanley Profile

Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following segments: Institutional Securities, Wealth Management, and Investment Management.

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

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