Morgan Stanley (MS) Holdings Trimmed by White Pine Investment CO
White Pine Investment CO lessened its holdings in shares of Morgan Stanley (NYSE:MS) by 3.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,165 shares of the financial services provider’s stock after selling 3,890 shares during the quarter. Morgan Stanley comprises approximately 2.7% of White Pine Investment CO’s portfolio, making the stock its 9th biggest holding. White Pine Investment CO’s holdings in Morgan Stanley were worth $5,018,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. DSAM Partners London Ltd bought a new position in Morgan Stanley during the third quarter worth about $5,273,000. Pillar Pacific Capital Management LLC boosted its position in Morgan Stanley by 1.7% during the third quarter. Pillar Pacific Capital Management LLC now owns 128,873 shares of the financial services provider’s stock worth $6,208,000 after purchasing an additional 2,190 shares during the period. Canada Pension Plan Investment Board boosted its position in Morgan Stanley by 20.4% during the third quarter. Canada Pension Plan Investment Board now owns 2,253,635 shares of the financial services provider’s stock worth $108,558,000 after purchasing an additional 382,400 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its position in Morgan Stanley by 52.7% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 23,696 shares of the financial services provider’s stock worth $1,141,000 after purchasing an additional 8,180 shares during the period. Finally, Horseman Capital Management Ltd bought a new position in Morgan Stanley during the third quarter worth about $5,780,000. Hedge funds and other institutional investors own 85.09% of the company’s stock.
In related news, President Thomas Colm Kelleher sold 40,000 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $50.59, for a total value of $2,023,600.00. Following the sale, the president now owns 692,037 shares in the company, valued at approximately $35,010,151.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey S. Brodsky sold 16,397 shares of the business’s 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 completion of the sale, the insider now owns 111,776 shares in the company, valued at approximately $5,596,624.32. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.
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A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Wednesday. Credit Suisse Group upgraded shares of Morgan Stanley from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $49.00 to $54.00 in a research report on Monday, October 9th. Citigroup Inc. restated a “neutral” rating and issued a $50.00 price objective (up from $46.00) on shares of Morgan Stanley in a research report on Monday, October 9th. BMO Capital Markets restated a “top pick” rating and issued a $69.00 price objective on shares of Morgan Stanley in a research report on Wednesday, October 18th. Finally, Buckingham Research raised their price objective 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $50.39.
Shares of Morgan Stanley (NYSE:MS) traded down $0.40 during trading on Friday, hitting $50.02. 5,903,620 shares of the stock traded hands, compared to its average volume of 8,400,227. Morgan Stanley has a 1 year low of $32.56 and a 1 year high of $51.52. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $91,865.79, a PE ratio of 13.86, a price-to-earnings-growth ratio of 1.15 and a beta of 1.66.
Morgan Stanley (NYSE:MS) last posted its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.12. Morgan Stanley had a return on equity of 10.11% and a net margin of 16.76%. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.05 billion. During the same quarter in the previous year, the business earned $0.80 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. analysts forecast that Morgan Stanley will post 3.57 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be given a $0.25 dividend. The ex-dividend date is Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.00%. Morgan Stanley’s dividend payout ratio is currently 27.70%.
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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