Envestnet Asset Management Inc. Has $13.15 Million Stake in Morgan Stanley (MS)
Envestnet Asset Management Inc. lifted its stake in shares of Morgan Stanley (NYSE:MS) by 6.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 272,937 shares of the financial services provider’s stock after purchasing an additional 17,371 shares during the period. Envestnet Asset Management Inc.’s holdings in Morgan Stanley were worth $13,147,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. Omnia Family Wealth LLC raised its stake in Morgan Stanley by 5.8% in the 2nd quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 134 shares during the period. Invictus RG raised its stake in Morgan Stanley by 307.5% in the 3rd quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 1,762 shares during the period. Rational Advisors LLC bought a new stake in Morgan Stanley in the 3rd quarter valued at $116,000. WFG Advisors LP raised its stake in Morgan Stanley by 45.4% in the 2nd quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 840 shares during the period. Finally, BB&T Investment Services Inc. raised its stake in Morgan Stanley by 163.1% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,655 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 1,646 shares during the period. Institutional investors own 85.60% of the company’s stock.
Morgan Stanley (MS) traded down $0.67 on Wednesday, hitting $52.01. The stock had a trading volume of 7,959,500 shares, compared to its average volume of 9,401,131. The firm has a market cap of $95,240.13, a price-to-earnings ratio of 14.59, a P/E/G ratio of 1.21 and a beta of 1.64. Morgan Stanley has a 12 month low of $40.06 and a 12 month high of $53.37. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.68.
Morgan Stanley (NYSE:MS) last released its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 10.07% and a net margin of 16.76%. Morgan Stanley’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. equities analysts anticipate that Morgan Stanley will post 3.57 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Monday, October 30th. Morgan Stanley’s dividend payout ratio (DPR) is currently 27.70%.
In related news, insider Keishi Hotsuki sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alistair Darling sold 3,850 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $49.29, for a total value of $189,766.50. Following the sale, the director now owns 14,218 shares of the company’s stock, valued at $700,805.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,247 shares of company stock worth $4,284,364. 0.24% of the stock is currently owned by insiders.
A number of equities research analysts recently weighed in on MS shares. ValuEngine cut Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Friday, September 15th. Zacks Investment Research lowered Morgan Stanley from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Morgan Stanley in a report on Monday, November 20th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $50.00 price objective (up from $46.00) on shares of Morgan Stanley in a report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $50.39.
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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