Korea Investment CORP raised its position in Morgan Stanley (NYSE:MS) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,888,576 shares of the financial services provider’s stock after buying an additional 85,000 shares during the period. Korea Investment CORP owned about 0.10% of Morgan Stanley worth $90,973,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its stake in Morgan Stanley by 9.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 190 shares in the last quarter. V Wealth Management LLC purchased a new position in Morgan Stanley in the 2nd quarter worth approximately $106,000. Omnia Family Wealth LLC lifted its stake in Morgan Stanley by 5.8% in the 2nd quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 134 shares in the last quarter. Invictus RG purchased a new position in Morgan Stanley in the 1st quarter worth approximately $106,000. Finally, WFG Advisors LP lifted its stake in Morgan Stanley by 45.4% in the 2nd quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 840 shares in the last quarter. Institutional investors own 85.12% of the company’s stock.
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MS has been the topic of a number of research reports. BMO Capital Markets raised their target price on shares of Morgan Stanley from $58.00 to $61.00 and gave the stock an “outperform” rating in a research note on Thursday, July 20th. Bank of America Corporation raised their target price on shares of Morgan Stanley from $50.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. Credit Suisse Group reaffirmed a “neutral” rating and set a $49.00 price target (up previously from $47.00) on shares of Morgan Stanley in a research report on Saturday, July 22nd. Macquarie reaffirmed an “outperform” rating and set a $52.00 price target (up previously from $51.00) on shares of Morgan Stanley in a research report on Saturday, July 22nd. Finally, Zacks Investment Research raised shares of Morgan Stanley from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.39.
Shares of Morgan Stanley (NYSE:MS) opened at $48.76 on Friday. Morgan Stanley has a 1 year low of $37.34 and a 1 year high of $51.52. The firm has a market cap of $88,261.63, a price-to-earnings ratio of 13.52, a P/E/G ratio of 1.12 and a beta of 1.66. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 2.68.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings results 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. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.05 billion. During the same period in the previous year, the company earned $0.80 earnings per share. Morgan Stanley’s quarterly revenue was up 3.2% compared to the same quarter last year. equities analysts predict that Morgan Stanley will post 3.57 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a $0.25 dividend. The ex-dividend date is Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.05%. Morgan Stanley’s dividend payout ratio (DPR) is presently 27.70%.
In other news, insider Jeffrey S. Brodsky sold 16,397 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $50.07, for a total value of $820,997.79. Following the completion of the sale, the insider now directly owns 111,776 shares of the company’s stock, valued at $5,596,624.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Thomas Colm Kelleher sold 40,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the completion of the sale, the president now directly owns 692,037 shares of the company’s stock, valued at $35,010,151.83. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.
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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