Chicago Equity Partners LLC Has $13.16 Million Stake in Morgan Stanley (MS)
Chicago Equity Partners LLC lowered its stake in Morgan Stanley (NYSE:MS) by 20.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 273,220 shares of the financial services provider’s stock after selling 71,955 shares during the period. Chicago Equity Partners LLC’s holdings in Morgan Stanley were worth $13,161,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America grew its stake in shares of Morgan Stanley by 0.5% in the first quarter. Guardian Life Insurance Co. of America now owns 5,551 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 25 shares during the last quarter. Smithfield Trust Co. boosted its position 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 valued at $164,000 after acquiring an additional 42 shares in the last quarter. M Holdings Securities Inc. lifted its holdings in shares of Morgan Stanley by 1.6% during the first quarter. M Holdings Securities Inc. now owns 5,145 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 83 shares during the last quarter. Klingenstein Fields & Co. LLC raised its holdings in Morgan Stanley by 0.4% in the 2nd quarter. Klingenstein Fields & Co. LLC now owns 26,300 shares of the financial services provider’s stock worth $1,172,000 after acquiring an additional 100 shares during the last quarter. Finally, Catamount Wealth Management raised its holdings in Morgan Stanley by 0.3% in the 2nd quarter. Catamount Wealth Management now owns 32,477 shares of the financial services provider’s stock worth $1,447,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 85.12% of the company’s stock.
MS has been the subject of a number of research reports. Bank of America Corporation boosted their target price on shares of Morgan Stanley from $50.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. Buckingham Research reaffirmed a “buy” rating and issued a $54.00 target price (up previously from $51.00) on shares of Morgan Stanley in a report on Monday, July 10th. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Monday, September 11th. ValuEngine cut shares of Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, HSBC Holdings plc upgraded 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 report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $50.39.
Morgan Stanley (NYSE:MS) traded down $0.12 on Monday, hitting $49.91. 846,522 shares of the company traded hands, compared to its average volume of 8,438,097. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.73 and a quick ratio of 0.73. Morgan Stanley has a twelve month low of $32.56 and a twelve month high of $51.52. The firm has a market capitalization of $90,431.11, a PE ratio of 13.86, a PEG ratio of 1.15 and a beta of 1.66.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.12. The company 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 10.11%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 earnings per share. research analysts expect that Morgan Stanley will post 3.57 earnings per share for the current 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 paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.00%. Morgan Stanley’s dividend payout ratio (DPR) is presently 27.70%.
In other Morgan Stanley news, President Thomas Colm Kelleher sold 40,000 shares of Morgan Stanley stock in a transaction on 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 transaction, the president now owns 692,037 shares of the company’s stock, valued at $35,010,151.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey S. Brodsky sold 16,397 shares of Morgan Stanley stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $50.07, for a total transaction of $820,997.79. Following the completion of the transaction, the insider now directly owns 111,776 shares of the company’s stock, valued at approximately $5,596,624.32. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.
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About Morgan Stanley
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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