Morgan Stanley (MS) Holdings Trimmed by Magnetar Financial LLC
Magnetar Financial LLC lessened its holdings in shares of Morgan Stanley (NYSE:MS) by 51.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,179 shares of the financial services provider’s stock after selling 17,430 shares during the quarter. Magnetar Financial LLC’s holdings in Morgan Stanley were worth $779,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. DSAM Partners London Ltd bought a new stake in shares of Morgan Stanley during the third quarter worth approximately $5,273,000. Davidson & Garrard Inc. boosted its holdings in shares of Morgan Stanley by 2.2% during the second quarter. Davidson & Garrard Inc. now owns 5,525 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 120 shares during the period. Calamos Wealth Management LLC bought a new stake in shares of Morgan Stanley during the second quarter worth approximately $1,412,000. BB&T Corp boosted its holdings in shares of Morgan Stanley by 9.7% during the third quarter. BB&T Corp now owns 171,122 shares of the financial services provider’s stock worth $8,243,000 after acquiring an additional 15,162 shares during the period. Finally, CAPROCK Group Inc. bought a new stake in shares of Morgan Stanley during the third quarter worth approximately $220,000. 85.60% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on MS. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Monday. Buckingham Research boosted their price objective on Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Oppenheimer restated a “hold” rating on shares of Morgan Stanley in a report on Tuesday, October 17th. BMO Capital Markets restated a “top pick” rating and set a $69.00 price objective on shares of Morgan Stanley in a report on Wednesday, October 18th. Finally, Compass Point restated a “sell” rating and set a $38.00 price objective (up previously from $34.00) on shares of Morgan Stanley in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.52.
Shares of Morgan Stanley (NYSE:MS) traded down $0.12 during mid-day trading on Tuesday, hitting $52.77. The company had a trading volume of 6,316,900 shares, compared to its average volume of 9,366,125. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $95,619.78, a PE ratio of 14.65, a P/E/G ratio of 1.24 and a beta of 1.64. Morgan Stanley has a fifty-two week low of $40.06 and a fifty-two week high of $53.37.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings results 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. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.05 billion. During the same period in the previous year, the company posted $0.80 earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities research analysts predict that Morgan Stanley will post 3.57 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Monday, October 30th. Morgan Stanley’s payout ratio is presently 27.70%.
In other Morgan Stanley news, 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 transaction of $189,766.50. Following the completion of the sale, the director now directly owns 14,218 shares in the company, valued at $700,805.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $1,250,000.00. The disclosure for this sale can be found here. Insiders have sold 85,247 shares of company stock valued at $4,284,364 over the last 90 days. Corporate insiders own 0.24% of the company’s stock.
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Morgan Stanley Company 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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