Calamos Advisors LLC grew its holdings in shares of Morgan Stanley (NYSE:MS) by 3.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 860,806 shares of the financial services provider’s stock after acquiring an additional 25,828 shares during the period. Calamos Advisors LLC’s holdings in Morgan Stanley were worth $41,465,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in MS. Davidson Investment Advisors raised its position in Morgan Stanley by 2.6% in the first quarter. Davidson Investment Advisors now owns 291,525 shares of the financial services provider’s stock worth $12,486,000 after acquiring an additional 7,462 shares during the period. Davidson & Garrard Inc. grew its holdings in shares of Morgan Stanley by 2.2% in the second quarter. Davidson & Garrard Inc. now owns 5,525 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 120 shares in the last quarter. Calamos Wealth Management LLC purchased a new position in shares of Morgan Stanley in the second quarter valued at $1,412,000. BB&T Corp grew its holdings in shares of Morgan Stanley by 9.7% in the third quarter. BB&T Corp now owns 171,122 shares of the financial services provider’s stock valued at $8,243,000 after purchasing an additional 15,162 shares in the last quarter. Finally, CAPROCK Group Inc. purchased a new position in shares of Morgan Stanley in the third quarter valued at $220,000. 86.30% of the stock is owned by hedge funds and other institutional investors.
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In other Morgan Stanley 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 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 approximately $5,596,624.32. The transaction was disclosed in a document filed 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 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. 0.24% of the stock is owned by company insiders.
MS has been the subject of a number of recent analyst reports. ValuEngine lowered shares of Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. BMO Capital Markets upped their target price on Morgan Stanley from $58.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday, July 20th. upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Friday, September 15th. Zacks Investment Research lowered Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Macquarie restated an “outperform” rating and issued a $52.00 price objective (up previously from $51.00) on shares of Morgan Stanley in a research report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Morgan Stanley has an average rating of “Buy” and an average price target of $50.39.
Shares of Morgan Stanley (NYSE MS) traded down $0.13 on Tuesday, reaching $48.63. The company had a trading volume of 5,730,400 shares, compared to its average volume of 9,543,540. Morgan Stanley has a 1 year low of $38.40 and a 1 year high of $51.52. The stock has a market capitalization of $87,470.00, a P/E ratio of 13.51, a P/E/G ratio of 1.12 and a beta of 1.66. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.74 and a quick ratio of 0.74.
Morgan Stanley (NYSE:MS) last posted its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.81 by $0.12. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.05 billion. During the same period last year, the firm earned $0.80 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. sell-side analysts anticipate that Morgan Stanley will post 3.57 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.06%. Morgan Stanley’s dividend payout ratio is 27.62%.
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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