Candriam Luxembourg S.C.A. boosted its holdings in Morgan Stanley (NYSE:MS) by 60.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 182,572 shares of the financial services provider’s stock after acquiring an additional 68,505 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Morgan Stanley were worth $8,794,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Egerton Capital UK LLP increased its position in shares of Morgan Stanley by 9.4% during the 3rd quarter. Egerton Capital UK LLP now owns 3,617,157 shares of the financial services provider’s stock valued at $174,238,000 after purchasing an additional 311,102 shares during the period. GHP Investment Advisors Inc. acquired a new position in shares of Morgan Stanley during the 3rd quarter valued at $203,000. Telos Capital Management Inc. increased its position in shares of Morgan Stanley by 4.2% during the 3rd quarter. Telos Capital Management Inc. now owns 58,494 shares of the financial services provider’s stock valued at $2,818,000 after purchasing an additional 2,378 shares during the period. Fiduciary Trust Co. increased its position in shares of Morgan Stanley by 12.0% during the 3rd quarter. Fiduciary Trust Co. now owns 83,478 shares of the financial services provider’s stock valued at $4,021,000 after purchasing an additional 8,931 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Morgan Stanley by 96.1% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 543,621 shares of the financial services provider’s stock valued at $26,186,000 after purchasing an additional 266,402 shares during the period. Hedge funds and other institutional investors own 85.12% of the company’s stock.
Shares of Morgan Stanley (MS) traded down $0.06 on Friday, reaching $48.76. The company had a trading volume of 5,436,500 shares, compared to its average volume of 8,626,910. Morgan Stanley has a 1 year low of $37.34 and a 1 year high of $51.52. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $88,153.16, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 1.12 and a beta of 1.66.
Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.12. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.05 billion. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 earnings per share. equities research analysts expect that Morgan Stanley will post 3.57 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Monday, October 30th. Morgan Stanley’s payout ratio is 27.70%.
A number of brokerages recently issued reports on MS. HSBC Holdings plc set a $54.00 target price on Morgan Stanley and gave the stock a “hold” rating in a report on Friday, August 11th. J P Morgan Chase & Co set a $53.00 target price on Morgan Stanley and gave the stock a “buy” rating in a report on Friday, September 15th. Zacks Investment Research upgraded Morgan Stanley from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Macquarie restated an “outperform” rating and issued a $52.00 target price (up from $51.00) on shares of Morgan Stanley in a report on Saturday, July 22nd. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Morgan Stanley in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $50.39.
In other news, President Thomas Colm Kelleher sold 40,000 shares of the business’s 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 transaction, the president now directly owns 692,037 shares of the company’s stock, valued at approximately $35,010,151.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey S. Brodsky sold 16,397 shares of the business’s 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 completion of the transaction, the insider now directly owns 111,776 shares in the company, valued at $5,596,624.32. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.
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Morgan Stanley Company 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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