WEALTHFRONT Corp trimmed its stake in shares of Morgan Stanley (NYSE:MS) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,038 shares of the financial services provider’s stock after selling 3,479 shares during the quarter. WEALTHFRONT Corp’s holdings in Morgan Stanley were worth $3,541,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Morgan Stanley by 3.1% during the 2nd quarter. BlackRock Inc. now owns 109,110,758 shares of the financial services provider’s stock worth $5,171,848,000 after purchasing an additional 3,264,493 shares in the last quarter. FMR LLC increased its position in Morgan Stanley by 4.4% in the 2nd quarter. FMR LLC now owns 45,817,038 shares of the financial services provider’s stock valued at $2,171,728,000 after acquiring an additional 1,936,093 shares during the period. ValueAct Holdings L.P. increased its position in Morgan Stanley by 4.2% in the 2nd quarter. ValueAct Holdings L.P. now owns 18,709,620 shares of the financial services provider’s stock valued at $886,836,000 after acquiring an additional 750,000 shares during the period. Dimensional Fund Advisors LP increased its position in Morgan Stanley by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,754,253 shares of the financial services provider’s stock valued at $557,223,000 after acquiring an additional 213,537 shares during the period. Finally, Pzena Investment Management LLC increased its position in Morgan Stanley by 0.6% in the 2nd quarter. Pzena Investment Management LLC now owns 8,247,266 shares of the financial services provider’s stock valued at $390,920,000 after acquiring an additional 47,260 shares during the period. Institutional investors and hedge funds own 85.08% of the company’s stock.

NYSE:MS opened at $41.40 on Thursday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.80 and a current ratio of 0.80. Morgan Stanley has a 52 week low of $42.32 and a 52 week high of $59.38. The firm has a market capitalization of $74.17 billion, a PE ratio of 11.50, a PEG ratio of 0.74 and a beta of 1.25.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.16. Morgan Stanley had a net margin of 15.93% and a return on equity of 12.51%. The company had revenue of $9.87 billion for the quarter, compared to analyst estimates of $9.55 billion. During the same period in the prior year, the firm posted $0.93 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts forecast that Morgan Stanley will post 4.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Tuesday, October 30th. Morgan Stanley’s dividend payout ratio is currently 33.33%.

In other news, major shareholder Stanley Morgan sold 327 shares of the company’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $23,000.00, for a total value of $7,521,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.19% of the company’s stock.

Several brokerages have issued reports on MS. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Thursday. Wells Fargo & Co upgraded shares of Morgan Stanley from a “market perform” rating to an “outperform” rating and upped their price target for the company from $56.00 to $60.00 in a research report on Wednesday, October 24th. Vining Sparks restated a “buy” rating and issued a $60.00 price target on shares of Morgan Stanley in a research report on Tuesday, October 16th. Oppenheimer upgraded shares of Morgan Stanley to an “outperform” rating and set a $62.00 price target for the company in a research report on Tuesday, October 16th. Finally, UBS Group upgraded shares of Morgan Stanley from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $58.53.

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Morgan Stanley Profile

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates Institutional Securities, Wealth Management, and Investment Management segments.

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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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