Massey Quick Simon & CO. LLC Has $2.19 Million Stake in Morgan Stanley (MS)

Massey Quick Simon & CO. LLC grew its holdings in shares of Morgan Stanley (NYSE:MS) by 4.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,516 shares of the financial services provider’s stock after buying an additional 1,895 shares during the quarter. Morgan Stanley accounts for about 0.8% of Massey Quick Simon & CO. LLC’s investment portfolio, making the stock its 22nd biggest position. Massey Quick Simon & CO. LLC’s holdings in Morgan Stanley were worth $2,193,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Teacher Retirement System of Texas grew its stake in shares of Morgan Stanley by 21.2% during the third quarter. Teacher Retirement System of Texas now owns 1,244,022 shares of the financial services provider’s stock valued at $59,925,000 after buying an additional 217,478 shares during the last quarter. Todd Asset Management LLC grew its stake in shares of Morgan Stanley by 132.2% during the third quarter. Todd Asset Management LLC now owns 789,036 shares of the financial services provider’s stock valued at $38,008,000 after buying an additional 449,169 shares during the last quarter. First National Trust Co. grew its stake in shares of Morgan Stanley by 6.5% during the third quarter. First National Trust Co. now owns 26,372 shares of the financial services provider’s stock valued at $1,270,000 after buying an additional 1,618 shares during the last quarter. Providence First Trust Co grew its stake in shares of Morgan Stanley by 79.2% during the third quarter. Providence First Trust Co now owns 27,329 shares of the financial services provider’s stock valued at $1,316,000 after buying an additional 12,082 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Morgan Stanley by 12.0% during the third quarter. Toronto Dominion Bank now owns 564,456 shares of the financial services provider’s stock valued at $27,190,000 after buying an additional 60,465 shares during the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Morgan Stanley (MS) traded down $0.41 during mid-day trading on Tuesday, reaching $48.22. The company had a trading volume of 2,322,714 shares, compared to its average volume of 9,543,540. The stock has a market cap 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. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.74 and a quick ratio of 0.74. Morgan Stanley has a one year low of $38.40 and a one year high of $51.52.

Morgan Stanley (NYSE:MS) last issued its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.12. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.05 billion. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS. equities analysts predict that Morgan Stanley will post 3.57 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors 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 yield of 2.07%. Morgan Stanley’s dividend payout ratio (DPR) is 27.70%.

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Several research analysts recently issued reports on the company. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Monday, September 11th. ValuEngine cut Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Bank of America Corporation increased their price objective on Morgan Stanley from $50.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. J P Morgan Chase & Co set a $53.00 price objective on Morgan Stanley and gave the stock a “buy” rating in a research note on Friday, September 15th. Finally, HSBC Holdings plc raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Friday, September 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $50.39.

In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 16,397 shares of Morgan Stanley stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $50.07, for a total transaction of $820,997.79. Following the completion of the transaction, the insider now owns 111,776 shares in the company, valued at approximately $5,596,624.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas Colm Kelleher sold 40,000 shares of Morgan Stanley 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 transaction, the president now owns 692,037 shares of the company’s stock, 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 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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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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