Deprince Race & Zollo Inc. reduced its stake in Morgan Stanley (NYSE:MS) by 35.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 348,456 shares of the financial services provider’s stock after selling 188,063 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Morgan Stanley were worth $16,785,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in MS. 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 valued at $101,000 after acquiring an additional 190 shares during the period. Omnia Family Wealth LLC grew its position in shares of Morgan Stanley by 5.8% during the second quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 134 shares in the last quarter. WFG Advisors LP grew its position in shares of Morgan Stanley by 45.4% during the second quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 840 shares in the last quarter. Smithfield Trust Co. grew its position in shares of Morgan Stanley by 1.2% during the second quarter. Smithfield Trust Co. now owns 3,690 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 42 shares in the last quarter. Finally, Visionary Asset Management Inc. purchased a new position in shares of Morgan Stanley during the second quarter valued at about $200,000. 86.30% of the stock is currently owned by institutional investors.
A number of brokerages have recently weighed in on MS. Zacks Investment Research upgraded 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. set a $54.00 price objective on Morgan Stanley and gave the company a “hold” rating in a research report on Friday, August 11th. Credit Suisse Group reiterated a “neutral” rating and issued a $49.00 price target (up previously from $47.00) on shares of Morgan Stanley in a research report on Saturday, July 22nd. Buckingham Research lifted their price target on Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Morgan Stanley in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $50.39.
In other news, President Thomas Colm Kelleher sold 40,000 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were 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 $35,010,151.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey S. Brodsky sold 16,397 shares of the business’s 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 sale, the insider now directly owns 111,776 shares in the company, valued at $5,596,624.32. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.
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Morgan Stanley (NYSE:MS) traded down $0.02 during midday trading on Friday, reaching $48.58. 863,493 shares of the company’s stock traded hands, compared to its average volume of 9,520,461. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68. Morgan Stanley has a fifty-two week low of $38.72 and a fifty-two week high of $51.52. The stock has a market capitalization of $87,650.00, a price-to-earnings ratio of 13.32, a P/E/G ratio of 1.11 and a beta of 1.66.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.12. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.05 billion. During the same period in the previous year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. analysts forecast that Morgan Stanley will post 3.57 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Monday, October 30th. Morgan Stanley’s dividend payout ratio is currently 27.62%.
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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