Dupont Capital Management Corp raised its stake in shares of Morgan Stanley (NYSE:MS) by 55.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,859 shares of the financial services provider’s stock after acquiring an additional 37,951 shares during the period. Dupont Capital Management Corp’s holdings in Morgan Stanley were worth $4,976,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. CSat Investment Advisory L.P. purchased a new stake in shares of Morgan Stanley during the 2nd quarter valued at $102,000. First Mercantile Trust Co. purchased a new stake in shares of Morgan Stanley during the 2nd quarter valued at $112,000. Landaas & Co. WI ADV purchased a new stake in shares of Morgan Stanley during the 2nd quarter valued at $119,000. Harvest Fund Management Co. Ltd increased its position in shares of Morgan Stanley by 108.8% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,815 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 1,467 shares during the last quarter. Finally, Kaizen Advisory LLC increased its position in shares of Morgan Stanley by 152.0% during the 2nd quarter. Kaizen Advisory LLC now owns 3,395 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 2,048 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.
Shares of MS opened at $45.73 on Friday. Morgan Stanley has a fifty-two week low of $42.88 and a fifty-two week high of $59.38. The stock has a market capitalization of $80.18 billion, a P/E ratio of 12.70, a PEG ratio of 0.80 and a beta of 1.28. The company has a quick ratio of 0.83, a current ratio of 0.80 and a debt-to-equity ratio of 2.67.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.16. Morgan Stanley had a return on equity of 12.51% and a net margin of 15.93%. The company had revenue of $9.87 billion during the quarter, compared to analyst estimates of $9.55 billion. During the same quarter last year, the firm posted $0.93 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts expect that Morgan Stanley will post 4.94 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, October 30th. Morgan Stanley’s payout ratio is presently 33.33%.
Morgan Stanley declared that its board has authorized a share buyback plan on Wednesday, July 18th that authorizes the company to buyback $4.70 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 5.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
Several brokerages have recently issued reports on MS. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Tuesday, July 24th. Sanford C. Bernstein raised Morgan Stanley from an “underperform” rating to a “market perform” rating and set a $51.00 target price for the company in a research report on Wednesday, July 18th. ValuEngine raised Morgan Stanley from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Societe Generale reaffirmed a “$49.85” rating and set a $56.00 target price on shares of Morgan Stanley in a research report on Thursday, July 19th. Finally, Citigroup decreased their price objective on Morgan Stanley from $58.00 to $56.00 and set a “neutral” rating for the company in a report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. Morgan Stanley has an average rating of “Hold” and an average price target of $58.82.
In other Morgan Stanley news, major shareholder Stanley Morgan sold 327 shares of Morgan Stanley stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $23,000.00, for a total transaction of $7,521,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is owned by insiders.
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Morgan Stanley Profile
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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