Oppenheimer Asset Management Inc. Decreases Holdings in Morgan Stanley (MS)
Oppenheimer Asset Management Inc. cut its holdings in shares of Morgan Stanley (NYSE:MS) by 1.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,156 shares of the financial services provider’s stock after selling 1,289 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Morgan Stanley were worth $4,101,000 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 the business. Omnia Family Wealth LLC lifted its holdings in shares of 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 valued at $108,000 after buying an additional 134 shares during the last quarter. Invictus RG lifted its holdings in shares of Morgan Stanley by 307.5% during the 3rd quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,762 shares during the last quarter. Rational Advisors LLC acquired a new stake in shares of Morgan Stanley during the 3rd quarter valued at about $116,000. WFG Advisors LP lifted its holdings 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 valued at $120,000 after buying an additional 840 shares during the last quarter. Finally, BB&T Investment Services Inc. lifted its holdings in shares of Morgan Stanley by 163.1% during the 3rd quarter. BB&T Investment Services Inc. now owns 2,655 shares of the financial services provider’s stock valued at $127,000 after buying an additional 1,646 shares during the last quarter. Hedge funds and other institutional investors own 85.60% of the company’s stock.
Several brokerages have recently issued reports on MS. J P Morgan Chase & Co set a $53.00 price target on Morgan Stanley and gave the company a “buy” rating in a report on Friday, September 15th. Oppenheimer reiterated a “hold” rating on shares of Morgan Stanley in a report on Tuesday, October 17th. Compass Point reiterated a “sell” rating and set a $38.00 price target (up from $34.00) on shares of Morgan Stanley in a report on Monday, September 25th. upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Friday, September 15th. Finally, Berenberg Bank reiterated a “hold” rating and set a $40.00 price target on shares of Morgan Stanley in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $50.39.
Morgan Stanley (MS) traded up $0.54 on Friday, reaching $52.89. The company had a trading volume of 6,396,506 shares, compared to its average volume of 6,873,220. Morgan Stanley has a 12-month low of $40.06 and a 12-month high of $53.37. 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 firm has a market cap of $95,619.78, a price-to-earnings ratio of 14.65, a P/E/G ratio of 1.24 and a beta of 1.64.
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. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.05 billion. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 EPS. research analysts expect that Morgan Stanley will post 3.57 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Monday, October 30th. Morgan Stanley’s dividend payout ratio is currently 27.70%.
In other Morgan Stanley news, Director Alistair Darling sold 3,850 shares of Morgan Stanley stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $49.29, for a total value of $189,766.50. Following the transaction, the director now directly owns 14,218 shares of the company’s stock, valued at approximately $700,805.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 value of $820,997.79. Following the completion of the transaction, the insider now directly owns 111,776 shares in the company, valued at $5,596,624.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,247 shares of company stock worth $4,284,364. Company insiders own 0.35% of the company’s stock.
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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