Morgan Stanley (MS) Position Decreased by American International Group Inc.
American International Group Inc. cut its holdings in shares of Morgan Stanley (NYSE:MS) by 11.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 421,636 shares of the financial services provider’s stock after selling 52,469 shares during the quarter. American International Group Inc.’s holdings in Morgan Stanley were worth $20,310,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in MS. Parkside Financial Bank & Trust boosted its position in Morgan Stanley by 9.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 190 shares during the period. Omnia Family Wealth LLC boosted its position in Morgan Stanley by 5.8% during the 2nd quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 134 shares during the period. Rational Advisors LLC acquired a new stake in Morgan Stanley during the 3rd quarter worth about $116,000. WFG Advisors LP raised its stake in shares of Morgan Stanley by 45.4% during the 2nd quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 840 shares in the last quarter. Finally, Smithfield Trust Co. raised its stake in shares of Morgan Stanley by 1.2% during the 2nd quarter. Smithfield Trust Co. now owns 3,690 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 85.67% of the company’s stock.
Shares of Morgan Stanley (NYSE:MS) traded down $0.29 during midday trading on Friday, reaching $49.09. The company’s stock had a trading volume of 3,785,900 shares, compared to its average volume of 9,437,754. 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 cap of $88,749.77, a P/E ratio of 13.60, a P/E/G ratio of 1.13 and a beta of 1.66. Morgan Stanley has a 52 week low of $40.06 and a 52 week high of $51.52.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.93 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.05 billion. During the same period in the previous year, the business posted $0.80 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. sell-side analysts expect that Morgan Stanley will post 3.57 earnings per share for the current year.
The company also recently disclosed 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 2.04%. The ex-dividend date was Monday, October 30th. Morgan Stanley’s payout ratio is presently 27.70%.
In other news, insider Jeffrey S. Brodsky sold 16,397 shares of Morgan Stanley stock in a transaction that occurred 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 sale, the insider now owns 111,776 shares of the company’s stock, valued at approximately $5,596,624.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas Colm Kelleher sold 40,000 shares of Morgan Stanley stock in a transaction that occurred 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 directly owns 692,037 shares in the company, valued at approximately $35,010,151.83. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.
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A number of equities research analysts have recently weighed in on the company. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Morgan Stanley in a research note on Tuesday, October 17th. set a $54.00 price target on Morgan Stanley and gave the stock a “hold” rating in a research note on Friday, August 11th. Wells Fargo & Company assumed coverage on Morgan Stanley in a research note on Wednesday, August 9th. They set a “market perform” rating and a $48.00 price target for the company. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Morgan Stanley in a research note on Monday. Finally, Berenberg Bank reaffirmed a “hold” rating and set a $40.00 price target on shares of Morgan Stanley in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $50.39.
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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