Morgan Stanley (NYSE:MS) Shares Sold by Cadence Capital Management LLC

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Cadence Capital Management LLC reduced its stake in Morgan Stanley (NYSE:MS) by 20.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,934 shares of the financial services provider’s stock after selling 6,401 shares during the quarter. Cadence Capital Management LLC’s holdings in Morgan Stanley were worth $1,206,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Sigma Planning Corp lifted its holdings in shares of Morgan Stanley by 14.0% in the 2nd quarter. Sigma Planning Corp now owns 10,691 shares of the financial services provider’s stock worth $516,000 after acquiring an additional 1,312 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Morgan Stanley by 203.0% during the 2nd quarter. Nordea Investment Management AB now owns 2,037,850 shares of the financial services provider’s stock worth $96,696,000 after buying an additional 1,365,298 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Morgan Stanley by 21.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 299,843 shares of the financial services provider’s stock worth $14,482,000 after buying an additional 53,079 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in Morgan Stanley by 16.4% during the 2nd quarter. Wealthfront Advisers LLC now owns 67,221 shares of the financial services provider’s stock worth $3,247,000 after buying an additional 9,465 shares in the last quarter. Finally, Park National Corp OH acquired a new stake in Morgan Stanley during the 2nd quarter worth approximately $234,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

In other Morgan Stanley news, insider Keishi Hotsuki sold 19,000 shares of the firm’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $52.00, for a total transaction of $988,000.00. Following the transaction, the insider now directly owns 243,666 shares of the company’s stock, valued at approximately $12,670,632. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Morgan Stanley in a report on Tuesday, October 13th. They set an “overweight” rating and a $57.00 target price on the stock. DA Davidson increased their price objective on shares of Morgan Stanley from $64.00 to $68.00 in a research report on Friday. ValuEngine downgraded shares of Morgan Stanley from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Bank of America increased their price objective on shares of Morgan Stanley from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Friday. Finally, Zacks Investment Research downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a research report on Wednesday, September 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the stock. Morgan Stanley presently has a consensus rating of “Buy” and an average target price of $55.14.

Morgan Stanley stock traded up $0.52 during midday trading on Friday, hitting $51.85. 16,923,295 shares of the company’s stock were exchanged, compared to its average volume of 14,212,093. Morgan Stanley has a 12-month low of $27.20 and a 12-month high of $57.57. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market cap of $81.76 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 0.98 and a beta of 1.45. The firm’s 50 day simple moving average is $49.95 and its 200 day simple moving average is $46.14.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Thursday, October 15th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Morgan Stanley had a net margin of 17.78% and a return on equity of 11.90%. The company had revenue of $11.66 billion for the quarter, compared to the consensus estimate of $10.61 billion. During the same period last year, the firm posted $1.27 EPS. Morgan Stanley’s revenue for the quarter was up 16.2% on a year-over-year basis. On average, equities research analysts forecast that Morgan Stanley will post 5.41 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.70%. The ex-dividend date is Thursday, October 29th. Morgan Stanley’s payout ratio is currently 28.11%.

Morgan Stanley Company 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 through Institutional Securities, Wealth Management, and Investment Management segments.

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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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