Morgan Stanley (MS) Stake Decreased by Schroder Investment Management Group
Schroder Investment Management Group reduced its position in Morgan Stanley (NYSE:MS) by 13.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,777,166 shares of the financial services provider’s stock after selling 585,588 shares during the period. Schroder Investment Management Group owned 0.21% of Morgan Stanley worth $181,871,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in MS. Parkside Financial Bank & Trust raised its position in shares of Morgan Stanley by 9.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 190 shares during the last quarter. Omnia Family Wealth LLC raised its position in shares of 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 purchasing an additional 134 shares during the last quarter. Rational Advisors LLC purchased a new position in shares of Morgan Stanley in the 3rd quarter valued at approximately $116,000. WFG Advisors LP raised its position in shares of 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 purchasing an additional 840 shares during the last quarter. Finally, Smithfield Trust Co. raised its position in shares of Morgan Stanley by 1.2% in the 2nd quarter. Smithfield Trust Co. now owns 3,690 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 85.67% of the company’s stock.
In related news, insider Jeffrey S. Brodsky sold 16,397 shares of Morgan Stanley 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 sale, the insider now owns 111,776 shares of the company’s stock, valued at approximately $5,596,624.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas Colm Kelleher sold 40,000 shares of Morgan Stanley stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the completion of 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.
Several equities analysts recently commented on MS shares. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Monday, September 11th. ValuEngine lowered shares of Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. J P Morgan Chase & Co set a $53.00 price objective on shares of Morgan Stanley and gave the company a “buy” rating in a research report on Friday, September 15th. raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Friday, September 15th. Finally, Buckingham Research increased 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 analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Morgan Stanley presently has an average rating of “Buy” and an average price target of $50.39.
Morgan Stanley (MS) traded down $0.21 during trading hours on Monday, hitting $48.85. 1,737,999 shares of the stock traded hands, compared to its average volume of 9,408,041. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market cap of $88,695.53, a price-to-earnings ratio of 13.59, a price-to-earnings-growth 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 posted its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.12. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.05 billion. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS. equities research analysts forecast that Morgan Stanley will post 3.57 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.05%. Morgan Stanley’s dividend payout ratio is currently 27.70%.
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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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