GWM Advisors LLC increased its holdings in shares of Morgan Stanley (NYSE:MS) by 12.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,883 shares of the financial services provider’s stock after acquiring an additional 1,184 shares during the quarter. GWM Advisors LLC’s holdings in Morgan Stanley were worth $507,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new position in Morgan Stanley in the 2nd quarter valued at about $2,021,000. Cambridge Investment Research Advisors Inc. boosted its holdings in Morgan Stanley by 23.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 56,813 shares of the financial services provider’s stock valued at $2,693,000 after purchasing an additional 10,807 shares during the last quarter. LGT Capital Partners LTD. boosted its holdings in Morgan Stanley by 15.7% in the 2nd quarter. LGT Capital Partners LTD. now owns 639,220 shares of the financial services provider’s stock valued at $30,299,000 after purchasing an additional 86,600 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in Morgan Stanley by 12.0% in the 3rd quarter. CENTRAL TRUST Co now owns 32,798 shares of the financial services provider’s stock valued at $1,527,000 after purchasing an additional 3,507 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Morgan Stanley by 57.9% in the 2nd quarter. Private Advisor Group LLC now owns 27,106 shares of the financial services provider’s stock valued at $1,292,000 after purchasing an additional 9,939 shares during the last quarter. Hedge funds and other institutional investors own 84.49% of the company’s stock.
In other news, major shareholder Stanley Morgan sold 327 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $23,000.00, for a total value of $7,521,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.19% of the company’s stock.
MS has been the topic of several recent analyst reports. Wolfe Research initiated coverage on shares of Morgan Stanley in a report on Tuesday, September 25th. They issued an “outperform” rating on the stock. Vining Sparks reiterated a “buy” rating and issued a $60.00 target price on shares of Morgan Stanley in a report on Tuesday, October 16th. ValuEngine lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Tuesday, July 24th. Finally, Oppenheimer upgraded shares of Morgan Stanley to an “outperform” rating and set a $62.00 target price on the stock in a report on Tuesday, October 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $58.82.
Shares of MS stock opened at $45.95 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 2.67. Morgan Stanley has a one year low of $42.88 and a one year high of $59.38. The company has a market capitalization of $80.17 billion, a PE ratio of 12.76, a P/E/G ratio of 0.79 and a beta of 1.28.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.01 by $0.16. Morgan Stanley had a net margin of 15.93% and a return on equity of 12.53%. The firm had revenue of $9.87 billion for the quarter, compared to analyst estimates of $9.55 billion. During the same period in the prior year, the business posted $0.93 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts expect that Morgan Stanley will post 4.94 earnings per share for the current year.
Morgan Stanley announced that its Board of Directors has authorized a stock repurchase program on Wednesday, July 18th that allows the company to buyback $4.70 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 5.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be issued a $0.30 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.61%. Morgan Stanley’s dividend payout ratio is currently 33.33%.
About Morgan Stanley
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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