Fifth Third Bancorp decreased its position in Morgan Stanley (NYSE:MS) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,218,231 shares of the financial services provider’s stock after selling 25,452 shares during the period. Fifth Third Bancorp owned approximately 0.07% of Morgan Stanley worth $56,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Tiedemann Advisors LLC grew its position in shares of Morgan Stanley by 8.7% during the 2nd quarter. Tiedemann Advisors LLC now owns 14,198 shares of the financial services provider’s stock valued at $674,000 after acquiring an additional 1,135 shares during the period. GWM Advisors LLC grew its position in shares of Morgan Stanley by 12.2% during the 3rd quarter. GWM Advisors LLC now owns 10,883 shares of the financial services provider’s stock valued at $507,000 after acquiring an additional 1,184 shares during the period. Sawtooth Solutions LLC grew its position in shares of Morgan Stanley by 25.3% during the 3rd quarter. Sawtooth Solutions LLC now owns 5,957 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 1,201 shares during the period. Appleton Partners Inc. MA grew its position in shares of Morgan Stanley by 4.4% during the 3rd quarter. Appleton Partners Inc. MA now owns 29,085 shares of the financial services provider’s stock valued at $1,354,000 after acquiring an additional 1,220 shares during the period. Finally, Fiduciary Trust Co. grew its position in shares of Morgan Stanley by 1.4% during the 2nd quarter. Fiduciary Trust Co. now owns 94,032 shares of the financial services provider’s stock valued at $4,457,000 after acquiring an additional 1,273 shares during the period. Institutional investors own 85.08% of the company’s stock.
MS stock opened at $41.32 on Friday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.80 and a current ratio of 0.80. Morgan Stanley has a 12-month low of $40.95 and a 12-month high of $59.38. The stock has a market capitalization of $73.30 billion, a P/E ratio of 8.95, a PEG ratio of 0.73 and a beta of 1.25.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.16. Morgan Stanley had a return on equity of 12.51% and a net margin of 15.93%. The company had revenue of $9.87 billion for the quarter, compared to analysts’ expectations of $9.55 billion. During the same period in the previous year, the firm posted $0.93 EPS. Morgan Stanley’s revenue was up 7.3% compared to the same quarter last year. As a group, analysts expect that Morgan Stanley will post 4.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Tuesday, October 30th. Morgan Stanley’s payout ratio is 33.33%.
In related news, major shareholder Stanley Morgan sold 327 shares of Morgan Stanley stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $23,000.00, for a total value of $7,521,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.
A number of equities research analysts have recently commented on MS shares. Zacks Investment Research cut Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. JPMorgan Chase & Co. restated a “buy” rating and set a $62.00 target price on shares of Morgan Stanley in a research report on Monday, September 10th. Wolfe Research started coverage on Morgan Stanley in a research report on Tuesday, September 25th. They set an “outperform” rating on the stock. HSBC cut Morgan Stanley from a “buy” rating to a “hold” rating and set a $54.00 target price on the stock. in a research report on Tuesday, October 2nd. Finally, UBS Group upgraded Morgan Stanley from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $58.29.
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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 Institutional Securities, Wealth Management, and Investment Management segments.
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