Russell Investments Group Ltd. Sells 240,111 Shares of Morgan Stanley (MS)
Russell Investments Group Ltd. decreased its position in Morgan Stanley (NYSE:MS) by 10.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,979,175 shares of the financial services provider’s stock after selling 240,111 shares during the quarter. Russell Investments Group Ltd. owned about 0.11% of Morgan Stanley worth $95,334,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its stake 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 buying an additional 190 shares in the last quarter. Omnia Family Wealth LLC grew its stake 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 buying an additional 134 shares in the last quarter. WFG Advisors LP grew its stake 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 buying an additional 840 shares in the last quarter. Smithfield Trust Co. grew its stake 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 buying an additional 42 shares in the last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in shares of Morgan Stanley in the 3rd quarter valued at approximately $203,000. 86.30% of the stock is owned by institutional investors and hedge funds.
Shares of Morgan Stanley (MS) traded up $0.47 during midday trading on Thursday, hitting $48.57. The company had a trading volume of 2,136,499 shares, compared to its average volume of 9,528,296. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $87,466.16, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 1.11 and a beta of 1.66. Morgan Stanley has a twelve month low of $38.72 and a twelve month high of $51.52.
Morgan Stanley (NYSE:MS) last issued its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.12. The business 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%. Morgan Stanley’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 earnings per share. equities analysts anticipate 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. Shareholders of record on Tuesday, October 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Monday, October 30th. Morgan Stanley’s dividend payout ratio (DPR) is 27.70%.
MS has been the subject of a number of recent analyst reports. BMO Capital Markets upped their target price on Morgan Stanley from $58.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, July 20th. J P Morgan Chase & Co set a $53.00 target price on Morgan Stanley and gave the stock a “buy” rating in a research report on Friday, September 15th. Barclays PLC upped their target price on Morgan Stanley from $48.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Berenberg Bank reaffirmed a “hold” rating and set a $40.00 target price on shares of Morgan Stanley in a research report on Thursday, September 21st. Finally, ValuEngine cut Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $50.39.
In other Morgan Stanley news, President Thomas Colm Kelleher sold 40,000 shares of the company’s stock in a transaction 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 $35,010,151.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey S. Brodsky sold 16,397 shares of the company’s 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 completion of the sale, the insider now owns 111,776 shares in the company, valued at $5,596,624.32. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.
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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