FTB Advisors Inc. reduced its holdings in Morgan Stanley (NYSE:MS) by 51.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,924 shares of the financial services provider’s stock after selling 4,163 shares during the period. FTB Advisors Inc.’s holdings in Morgan Stanley were worth $1,270,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Morgan Stanley by 3.1% in the second quarter. BlackRock Inc. now owns 109,110,758 shares of the financial services provider’s stock worth $5,171,848,000 after buying an additional 3,264,493 shares in the last quarter. FMR LLC lifted its stake in shares of Morgan Stanley by 4.4% in the second quarter. FMR LLC now owns 45,817,038 shares of the financial services provider’s stock worth $2,171,728,000 after buying an additional 1,936,093 shares in the last quarter. ValueAct Holdings L.P. lifted its stake in shares of 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 worth $886,836,000 after buying an additional 750,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Morgan Stanley by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 11,754,253 shares of the financial services provider’s stock worth $557,223,000 after buying an additional 213,537 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its stake in shares of Morgan Stanley by 0.6% in the second quarter. Pzena Investment Management LLC now owns 8,247,266 shares of the financial services provider’s stock worth $390,920,000 after buying an additional 47,260 shares in the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.
MS has been the topic of several research reports. JPMorgan Chase & Co. reissued a “buy” rating and issued a $62.00 price target on shares of Morgan Stanley in a research note on Monday, September 10th. UBS Group raised shares of Morgan Stanley from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 16th. Wolfe Research assumed coverage on shares of Morgan Stanley in a research note on Tuesday, September 25th. They issued an “outperform” rating on the stock. Zacks Investment Research downgraded shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Friday, September 21st. Finally, HSBC downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating and set a $54.00 target price on the stock. in a research note on Tuesday, October 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $58.82.
In other news, major shareholder Stanley Morgan sold 327 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $23,000.00, for a total value of $7,521,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is owned by insiders.
Shares of MS stock opened at $45.73 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.83 and a debt-to-equity ratio of 2.67. Morgan Stanley has a 12 month low of $42.88 and a 12 month high of $59.38. The stock has a market cap of $79.77 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.79 and a beta of 1.28.
Morgan Stanley (NYSE:MS) last issued its earnings results on Tuesday, October 16th. The financial services provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.16. Morgan Stanley had a net margin of 15.93% and a return on equity of 12.51%. The company had revenue of $9.87 billion for the quarter, compared to the consensus estimate of $9.55 billion. During the same period in the previous year, the firm earned $0.93 earnings per share. Morgan Stanley’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts anticipate that Morgan Stanley will post 4.94 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, October 30th. Morgan Stanley’s dividend payout ratio (DPR) is presently 33.33%.
Morgan Stanley announced that its board has initiated a share repurchase plan on Wednesday, July 18th that authorizes the company to repurchase $4.70 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
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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.
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