Stratos Wealth Partners LTD. increased its stake in shares of Morgan Stanley (NYSE:MS) by 4.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,865 shares of the financial services provider’s stock after acquiring an additional 2,452 shares during the period. Stratos Wealth Partners LTD.’s holdings in Morgan Stanley were worth $2,462,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of MS. Renaissance Technologies LLC acquired a new stake in Morgan Stanley in the second quarter valued at approximately $172,096,000. BlackRock Inc. grew its holdings in Morgan Stanley by 3.1% in the second quarter. BlackRock Inc. now owns 109,110,758 shares of the financial services provider’s stock valued at $5,171,848,000 after purchasing an additional 3,264,493 shares during the period. FMR LLC grew its holdings in Morgan Stanley by 4.4% in the second quarter. FMR LLC now owns 45,817,038 shares of the financial services provider’s stock valued at $2,171,728,000 after purchasing an additional 1,936,093 shares during the period. Natixis grew its holdings in Morgan Stanley by 978.3% in the second quarter. Natixis now owns 1,574,873 shares of the financial services provider’s stock valued at $74,649,000 after purchasing an additional 1,428,824 shares during the period. Finally, ValueAct Holdings L.P. grew its holdings in Morgan Stanley by 4.2% in the second quarter. ValueAct Holdings L.P. now owns 18,709,620 shares of the financial services provider’s stock valued at $886,836,000 after purchasing an additional 750,000 shares during the period. 84.43% of the stock is currently owned by hedge funds and other institutional investors.
In related news, major shareholder Stanley Morgan sold 327 shares of Morgan Stanley stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $23,000.00, for a total transaction of $7,521,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.
NYSE MS opened at $45.72 on Wednesday. The company has a market capitalization of $80.17 billion, a PE ratio of 12.70, a PEG ratio of 0.79 and a beta of 1.28. Morgan Stanley has a 1-year low of $42.88 and a 1-year high of $59.38. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 2.67.
Morgan Stanley (NYSE:MS) last released its earnings results on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.16. The business had revenue of $9.87 billion for the quarter, compared to the consensus estimate of $9.55 billion. Morgan Stanley had a return on equity of 12.53% and a net margin of 15.93%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 earnings per share. On average, research analysts predict that Morgan Stanley will post 4.94 earnings per share for the current fiscal year.
Morgan Stanley declared that its Board of Directors has approved a share buyback program on Wednesday, July 18th that authorizes the company to buyback $4.70 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 5.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.62%. Morgan Stanley’s dividend payout ratio (DPR) is presently 33.33%.
Morgan Stanley Profile
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates Institutional Securities, Wealth Management, and Investment Management segments.
See Also: Diversification
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