Intrust Bank NA grew its holdings in Morgan Stanley (NYSE:MS) by 30.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,155 shares of the financial services provider’s stock after acquiring an additional 1,446 shares during the quarter. Intrust Bank NA’s holdings in Morgan Stanley were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. YHB Investment Advisors Inc. boosted its position in shares of Morgan Stanley by 215.8% in the third quarter. YHB Investment Advisors Inc. now owns 56,817 shares of the financial services provider’s stock valued at $2,737,000 after acquiring an additional 38,825 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its position in shares of Morgan Stanley by 11.3% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 240,256 shares of the financial services provider’s stock valued at $11,604,000 after acquiring an additional 24,467 shares during the period. Sei Investments Co. boosted its position in shares of Morgan Stanley by 4.9% in the third quarter. Sei Investments Co. now owns 1,132,175 shares of the financial services provider’s stock valued at $54,537,000 after acquiring an additional 52,654 shares during the period. Suffolk Capital Management LLC boosted its position in shares of Morgan Stanley by 66.8% in the third quarter. Suffolk Capital Management LLC now owns 127,021 shares of the financial services provider’s stock valued at $6,119,000 after acquiring an additional 50,873 shares during the period. Finally, FDx Advisors Inc. boosted its position in shares of Morgan Stanley by 1.8% in the third quarter. FDx Advisors Inc. now owns 61,623 shares of the financial services provider’s stock valued at $2,968,000 after acquiring an additional 1,110 shares during the period. 86.30% of the stock is owned by institutional investors.
Shares of Morgan Stanley (NYSE:MS) opened at $48.38 on Tuesday. Morgan Stanley has a 12 month low of $38.40 and a 12 month high of $51.52. The firm has a market capitalization of $88,153.16, a price-to-earnings ratio of 13.51, a PEG ratio of 1.12 and a beta of 1.66. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68.
Morgan Stanley (NYSE:MS) last announced its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.12. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.05 billion. During the same period last year, the company posted $0.80 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. sell-side analysts predict that Morgan Stanley will post 3.57 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be paid a $0.25 dividend. The ex-dividend date is Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.07%. Morgan Stanley’s dividend payout ratio (DPR) is presently 27.70%.
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Several equities research analysts have recently weighed in on MS shares. BMO Capital Markets increased their price objective on Morgan Stanley from $58.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday, July 20th. J P Morgan Chase & Co set a $53.00 price objective on Morgan Stanley and gave the company a “buy” rating in a research report on Friday, September 15th. Barclays PLC increased their price objective on Morgan Stanley from $48.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Berenberg Bank reissued a “hold” rating and issued a $40.00 price objective on shares of Morgan Stanley in a research report on Thursday, September 21st. Finally, ValuEngine cut Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $50.39.
In related news, insider Jeffrey S. Brodsky sold 16,397 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $50.07, for a total value of $820,997.79. Following the transaction, the insider now owns 111,776 shares in the company, valued at $5,596,624.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Thomas Colm Kelleher sold 40,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $50.59, for a total value of $2,023,600.00. Following the completion of the transaction, the president now owns 692,037 shares in the company, valued at approximately $35,010,151.83. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
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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