Oppenheimer & Co. Inc. Increases Holdings in Morgan Stanley (MS)
Oppenheimer & Co. Inc. raised its position in shares of Morgan Stanley (NYSE:MS) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,179 shares of the financial services provider’s stock after purchasing an additional 2,864 shares during the period. Oppenheimer & Co. Inc.’s holdings in Morgan Stanley were worth $3,622,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Albion Financial Group UT grew its holdings in Morgan Stanley by 109.9% during the third quarter. Albion Financial Group UT now owns 28,066 shares of the financial services provider’s stock valued at $1,352,000 after purchasing an additional 14,695 shares during the period. Norinchukin Bank The boosted its holdings in shares of Morgan Stanley by 5.8% in the third quarter. Norinchukin Bank The now owns 102,623 shares of the financial services provider’s stock worth $4,943,000 after acquiring an additional 5,648 shares during the period. ING Groep NV boosted its holdings in shares of Morgan Stanley by 8.7% in the third quarter. ING Groep NV now owns 81,885 shares of the financial services provider’s stock worth $3,944,000 after acquiring an additional 6,573 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Morgan Stanley by 2.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 404,298 shares of the financial services provider’s stock worth $19,475,000 after acquiring an additional 10,935 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Morgan Stanley by 15.7% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 49,265 shares of the financial services provider’s stock worth $2,373,000 after acquiring an additional 6,685 shares during the period. 85.67% of the stock is owned by institutional investors and hedge funds.
In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 16,397 shares of the firm’s stock in a transaction dated 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 in the company, valued at $5,596,624.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas Colm Kelleher sold 40,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were 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 disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.
Shares of Morgan Stanley (MS) opened at $49.06 on Friday. The stock has a market capitalization of $88,695.53, a price-to-earnings ratio of 13.59, 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. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.74 and a current ratio of 0.74.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.12. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.05 billion. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share. equities analysts expect that Morgan Stanley will post 3.57 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.04%. The ex-dividend date was Monday, October 30th. Morgan Stanley’s dividend payout ratio is 27.70%.
MS has been the subject of a number of analyst reports. Credit Suisse Group raised Morgan Stanley from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $49.00 to $54.00 in a report on Monday, October 9th. ValuEngine lowered Morgan Stanley from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Friday, October 20th. Wells Fargo & Company initiated coverage on Morgan Stanley in a report on Wednesday, August 9th. They issued a “market perform” rating and a $48.00 price target for the company. Finally, Buckingham Research raised their price target on Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. Morgan Stanley currently has a consensus rating of “Buy” and an average price target of $50.39.
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.
Want to see what other hedge funds are holding MS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morgan Stanley (NYSE:MS).
Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with Analyst Ratings Network's FREE daily email newsletter.