Cadinha & Co. LLC acquired a new position in shares of Morgan Stanley (NYSE:MS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,468 shares of the financial services provider’s stock, valued at approximately $215,000.
Several other institutional investors and hedge funds have also modified their holdings of MS. Invictus RG boosted its holdings in shares of Morgan Stanley by 307.5% in the 3rd quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,762 shares during the last quarter. Rational Advisors LLC acquired a new position in shares of Morgan Stanley during the 3rd quarter valued at $116,000. Omnia Family Wealth LLC lifted its holdings in shares of Morgan Stanley by 5.8% during the 2nd quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 134 shares in the last quarter. BB&T Investment Services Inc. lifted its holdings in shares of Morgan Stanley by 163.1% during the 3rd quarter. BB&T Investment Services Inc. now owns 2,655 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 1,646 shares in the last quarter. Finally, WFG Advisors LP lifted its holdings in shares of Morgan Stanley by 45.4% during the 2nd quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 840 shares in the last quarter. 85.60% of the stock is owned by institutional investors and hedge funds.
In other news, insider Keishi Hotsuki sold 25,000 shares of Morgan Stanley stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey S. Brodsky sold 16,397 shares of Morgan Stanley stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $50.07, for a total transaction of $820,997.79. Following the completion of the transaction, the insider now directly owns 111,776 shares of the company’s stock, valued at $5,596,624.32. The disclosure for this sale can be found here. Insiders sold a total of 85,247 shares of company stock valued at $4,284,364 over the last ninety days. Company insiders own 0.35% of the company’s stock.
Morgan Stanley (NYSE:MS) last released its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.12. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The company had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.05 billion. During the same quarter in the previous year, the firm earned $0.80 EPS. The company’s revenue was up 3.2% on a year-over-year basis. sell-side analysts expect that Morgan Stanley will post 3.57 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Monday, October 30th. Morgan Stanley’s dividend payout ratio (DPR) is presently 27.70%.
Several equities analysts recently weighed in on MS shares. J P Morgan Chase & Co set a $53.00 target price on shares of Morgan Stanley and gave the company a “buy” rating in a report on Friday, September 15th. Barclays lifted their target price on shares of Morgan Stanley from $48.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, October 18th. Berenberg Bank restated a “hold” rating and set a $40.00 target price on shares of Morgan Stanley in a report on Thursday, September 21st. Credit Suisse Group upgraded shares of Morgan Stanley from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $49.00 to $54.00 in a report on Monday, October 9th. Finally, ValuEngine downgraded shares of Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. Morgan Stanley has an average rating of “Buy” and an average target price of $50.39.
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Morgan Stanley Profile
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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