Greystone Managed Investments Inc. raised its stake in Morgan Stanley (NYSE:MS) by 5.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,062 shares of the financial services provider’s stock after acquiring an additional 10,393 shares during the period. Greystone Managed Investments Inc.’s holdings in Morgan Stanley were worth $9,830,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rational Advisors LLC acquired a new position in shares of Morgan Stanley during the 3rd quarter worth $116,000. Regal Investment Advisors LLC acquired a new position in shares of Morgan Stanley during the 3rd quarter worth $218,000. Donaldson Capital Management LLC acquired a new position in shares of Morgan Stanley during the 3rd quarter worth $1,343,000. Macquarie Group Ltd. raised its holdings in shares of Morgan Stanley by 17.7% during the 3rd quarter. Macquarie Group Ltd. now owns 690,870 shares of the financial services provider’s stock worth $33,280,000 after buying an additional 103,842 shares in the last quarter. Finally, Sowell Financial Services LLC raised its holdings in shares of Morgan Stanley by 76.9% during the 3rd quarter. Sowell Financial Services LLC now owns 18,947 shares of the financial services provider’s stock worth $940,000 after buying an additional 8,239 shares in the last quarter. 85.67% of the stock is owned by hedge funds and other institutional investors.
Shares of Morgan Stanley (NYSE:MS) traded up $0.10 during trading on Monday, hitting $48.70. The company had a trading volume of 4,992,600 shares, compared to its average volume of 9,500,156. Morgan Stanley has a 52 week low of $39.89 and a 52 week high of $51.52. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.68. The company has a market cap of $88,040.00, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 1.12 and a beta of 1.66.
Morgan Stanley (NYSE:MS) last announced its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.81 by $0.12. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.05 billion. During the same quarter in the prior year, the company earned $0.80 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. analysts predict that Morgan Stanley will post 3.57 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a dividend of $0.25 per share. The ex-dividend date was Monday, October 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.05%. Morgan Stanley’s payout ratio is 27.62%.
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In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 16,397 shares of the stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $50.07, for a total value of $820,997.79. Following the transaction, the insider now owns 111,776 shares in the company, valued at $5,596,624.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Thomas Colm Kelleher sold 40,000 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $50.59, for a total value of $2,023,600.00. Following the completion of the transaction, the president now owns 692,037 shares in the company, valued at approximately $35,010,151.83. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.
MS has been the subject of a number of research analyst reports. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Monday, September 11th. ValuEngine cut Morgan Stanley from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. J P Morgan Chase & Co set a $53.00 price target on Morgan Stanley and gave the stock a “buy” rating in a report on Friday, September 15th. raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Friday, September 15th. Finally, Buckingham Research boosted their price target on Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. Morgan Stanley currently has an average rating of “Buy” and a consensus target price of $50.39.
About Morgan Stanley
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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