Keybank National Association OH decreased its holdings in shares of Morgan Stanley (NYSE:MS – Free Report) by 6.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 222,915 shares of the financial services provider’s stock after selling 14,674 shares during the period. Keybank National Association OH’s holdings in Morgan Stanley were worth $41,926,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Financial Group Inc. bought a new stake in shares of Morgan Stanley in the 2nd quarter worth approximately $78,825,883,310. Bank of America Corp DE grew its stake in shares of Morgan Stanley by 0.5% in the 1st quarter. Bank of America Corp DE now owns 16,326,676 shares of the financial services provider’s stock worth $2,686,881,000 after buying an additional 87,533 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Morgan Stanley by 1.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,206,144 shares of the financial services provider’s stock worth $2,342,532,000 after buying an additional 188,296 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Morgan Stanley during the 2nd quarter valued at approximately $2,040,227,000. Finally, Dimensional Fund Advisors LP increased its position in Morgan Stanley by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,235,756 shares of the financial services provider’s stock valued at $1,190,585,000 after buying an additional 65,739 shares in the last quarter. Institutional investors own 84.19% of the company’s stock.
Morgan Stanley Trading Up 0.2%
Shares of NYSE MS opened at $187.55 on Wednesday. The firm’s 50 day moving average price is $194.14 and its 200-day moving average price is $194.35. Morgan Stanley has a 52-week low of $152.80 and a 52-week high of $232.25. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $293.14 billion, a PE ratio of 14.88, a P/E/G ratio of 1.25 and a beta of 1.23.
Morgan Stanley (NYSE:MS – Get Free Report) last announced its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.10. The company had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $19.93 billion. Morgan Stanley had a net margin of 15.63% and a return on equity of 19.26%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.80 earnings per share. On average, equities research analysts expect that Morgan Stanley will post 12.83 EPS for the current fiscal year.
Morgan Stanley Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a $1.15 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $4.60 annualized dividend and a yield of 2.5%. Morgan Stanley’s dividend payout ratio is 36.51%.
Insider Buying and Selling
In other Morgan Stanley news, Director Judith A. Miscik sold 2,480 shares of the stock in a transaction on Friday, November 6th. The stock was sold at an average price of $183.21, for a total transaction of $454,360.80. Following the sale, the director directly owned 64,215 shares in the company, valued at approximately $11,764,830.15. This trade represents a 3.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on MS. Wells Fargo & Company lowered their price objective on Morgan Stanley from $223.00 to $217.00 and set an “equal weight” rating for the company in a research note on Thursday, October 15th. Zacks Research cut Morgan Stanley from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 30th. Citigroup reduced their price target on Morgan Stanley from $210.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, October 15th. Barclays raised their price target on Morgan Stanley from $230.00 to $262.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $230.00 price target (down from $250.00) on shares of Morgan Stanley in a research report on Thursday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $214.81.
Get Our Latest Research Report on MS
More Morgan Stanley News
Here are the key news stories impacting Morgan Stanley this week:
- Positive Sentiment: Morgan Stanley’s Vinyl Equity acquisition would add digital share-transfer and shareholder-recordkeeping capabilities, connecting companies’ equity administration needs with the firm’s workplace and wealth-management services. The strategic rationale is to deepen relationships with private companies and potentially retain more client assets through IPO transitions. Morgan Stanley to Acquire Digital-Native Transfer Agent Vinyl Equity
- Neutral Sentiment: Morgan Stanley strategist Mike Wilson said the recent market correction may be nearing its end, while advising investors to remain selective. A market rebound could support trading and investment-banking activity, but this is a broad-market view rather than a company-specific forecast. Morgan Stanley strategist on market correction
- Negative Sentiment: Director Judith A. Miscik disclosed selling 2,480 Morgan Stanley shares for about $454,000, reducing her holdings by 3.72%. The sale may weigh slightly on sentiment, though its size is limited relative to her remaining stake. SEC filing of director share sale
Morgan Stanley Profile
Morgan Stanley is a global financial services company that provides investment banking, securities, wealth management and investment management services to corporations, governments, institutions and individuals. Its Institutional Securities business offers services such as financial advisory, capital raising, sales and trading, and research. The company also provides financial planning, brokerage and banking services through its Wealth Management business, while its Investment Management business offers investment strategies and portfolio management to a range of clients.
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