Palisade Asset Management LLC purchased a new stake in Morgan Stanley (NYSE:MS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,620 shares of the financial services provider’s stock, valued at approximately $1,138,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FinTrust Investment Advisory Services LLC purchased a new stake in Morgan Stanley in the 3rd quarter valued at $248,000. Calamos Advisors LLC increased its position in shares of Morgan Stanley by 3.1% during the 3rd quarter. Calamos Advisors LLC now owns 860,806 shares of the financial services provider’s stock valued at $41,465,000 after purchasing an additional 25,828 shares during the last quarter. Calamos Wealth Management LLC increased its position in shares of Morgan Stanley by 22.1% during the 3rd quarter. Calamos Wealth Management LLC now owns 38,682 shares of the financial services provider’s stock valued at $1,863,000 after purchasing an additional 6,996 shares during the last quarter. Regentatlantic Capital LLC increased its position in shares of Morgan Stanley by 2.4% during the 3rd quarter. Regentatlantic Capital LLC now owns 108,683 shares of the financial services provider’s stock valued at $5,235,000 after purchasing an additional 2,548 shares during the last quarter. Finally, Korea Investment CORP increased its position in shares of Morgan Stanley by 4.7% during the 3rd quarter. Korea Investment CORP now owns 1,888,576 shares of the financial services provider’s stock valued at $90,973,000 after purchasing an additional 85,000 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.
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Several equities research analysts have recently issued reports on the company. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Morgan Stanley in a research report on Tuesday, October 17th. set a $54.00 price objective on Morgan Stanley and gave the stock a “hold” rating in a report on Friday, August 11th. Wells Fargo & Company began coverage on Morgan Stanley in a report on Wednesday, August 9th. They issued a “market perform” rating and a $48.00 price objective for the company. Berenberg Bank restated a “hold” rating and issued a $40.00 target price on shares of Morgan Stanley in a research note on Thursday, September 21st. Finally, Buckingham Research raised their target price on Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. Morgan Stanley presently has a consensus rating of “Buy” and a consensus target price of $50.39.
Shares of Morgan Stanley (NYSE MS) traded down $0.13 during trading hours on Tuesday, hitting $48.63. The stock had a trading volume of 5,730,400 shares, compared to its average volume of 9,543,540. The company 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 quick ratio of 0.74 and a current ratio of 0.74. Morgan Stanley has a 1 year low of $38.40 and a 1 year high of $51.52.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings data 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 company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 earnings per share. sell-side analysts expect that Morgan Stanley will post 3.57 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be 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 is Monday, October 30th. Morgan Stanley’s payout ratio is 27.62%.
In related news, insider Jeffrey S. Brodsky sold 16,397 shares of the 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 completion of 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 accessible through the SEC website. Also, President Thomas Colm Kelleher sold 40,000 shares of the stock in a transaction dated 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 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 0.24% of the company’s stock.
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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