SG Americas Securities LLC Boosts Holdings in Morgan Stanley (MS)
SG Americas Securities LLC boosted its holdings in shares of Morgan Stanley (NYSE:MS) by 14.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,460 shares of the financial services provider’s stock after acquiring an additional 16,255 shares during the quarter. SG Americas Securities LLC’s holdings in Morgan Stanley were worth $6,043,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust raised its holdings in Morgan Stanley by 9.1% during the second quarter. Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider’s stock worth $101,000 after buying an additional 190 shares during the last quarter. Omnia Family Wealth LLC boosted its holdings in Morgan Stanley by 5.8% in the second quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 134 shares in the last quarter. WFG Advisors LP boosted 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 in the last quarter. Smithfield Trust Co. grew its stake in shares of Morgan Stanley by 1.2% during the 2nd quarter. Smithfield Trust Co. now owns 3,690 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 42 shares during the period. Finally, Visionary Asset Management Inc. bought a new position in Morgan Stanley in the 2nd quarter worth approximately $200,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Morgan Stanley (MS) traded up $0.10 on Friday, hitting $48.70. The company’s stock had a trading volume of 4,983,427 shares, compared to its average volume of 9,500,156. Morgan Stanley has a 12 month low of $39.89 and a 12 month high of $51.52. The firm has a market capitalization of $87,860.00, a PE ratio of 13.40, a PEG ratio of 1.11 and a beta of 1.66. 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 issued its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.12. The company had revenue of $9.20 billion during 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%. Morgan Stanley’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. analysts predict that Morgan Stanley will post 3.57 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Monday, October 30th. Morgan Stanley’s dividend payout ratio is presently 27.62%.
In other news, insider Jeffrey S. Brodsky sold 16,397 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $50.07, for a total transaction of $820,997.79. Following the completion of the sale, the insider now owns 111,776 shares of the company’s stock, valued at $5,596,624.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Thomas Colm Kelleher sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the sale, the president now directly owns 692,037 shares of the company’s stock, valued at approximately $35,010,151.83. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.
A number of research analysts recently weighed in on MS shares. ValuEngine cut Morgan Stanley from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Friday, September 15th. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Friday, October 20th. Macquarie reissued an “outperform” rating and set a $52.00 price target (up from $51.00) on shares of Morgan Stanley in a research note on Saturday, July 22nd. Finally, 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 note on Friday, September 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. Morgan Stanley presently has an average rating of “Buy” and an average target price of $50.39.
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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