FIL Ltd Lowers Stake in Morgan Stanley (MS)

FIL Ltd reduced its stake in shares of Morgan Stanley (NYSE:MS) by 8.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,276,547 shares of the financial services provider’s stock after selling 293,802 shares during the period. FIL Ltd’s holdings in Morgan Stanley were worth $152,589,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MS. Wesbanco Bank Inc. lifted its position in Morgan Stanley by 38.6% during the third quarter. Wesbanco Bank Inc. now owns 166,252 shares of the financial services provider’s stock valued at $7,743,000 after purchasing an additional 46,276 shares during the period. American International Group Inc. lifted its position in Morgan Stanley by 4.4% during the third quarter. American International Group Inc. now owns 456,135 shares of the financial services provider’s stock valued at $21,242,000 after purchasing an additional 19,390 shares during the period. Cim Investment Mangement Inc. lifted its position in Morgan Stanley by 114.2% during the third quarter. Cim Investment Mangement Inc. now owns 18,123 shares of the financial services provider’s stock valued at $844,000 after purchasing an additional 9,661 shares during the period. Todd Asset Management LLC lifted its position in Morgan Stanley by 12.3% during the third quarter. Todd Asset Management LLC now owns 917,127 shares of the financial services provider’s stock valued at $42,710,000 after purchasing an additional 100,556 shares during the period. Finally, Girard Partners LTD. acquired a new position in Morgan Stanley during the third quarter valued at $115,000. Institutional investors and hedge funds own 84.87% of the company’s stock.

A number of research analysts recently issued reports on MS shares. Oppenheimer upgraded shares of Morgan Stanley to an “outperform” rating and set a $62.00 target price for the company in a research report on Tuesday, October 16th. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Tuesday. UBS Group upgraded shares of Morgan Stanley from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 16th. Vining Sparks restated a “buy” rating and set a $60.00 target price on shares of Morgan Stanley in a research report on Tuesday, October 16th. Finally, HSBC downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating and set a $54.00 target price for the company. in a research report on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. Morgan Stanley has an average rating of “Buy” and a consensus price target of $58.47.

MS opened at $43.73 on Friday. Morgan Stanley has a fifty-two week low of $42.54 and a fifty-two week high of $59.38. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $75.22 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 0.75 and a beta of 1.28.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.16. Morgan Stanley had a net margin of 15.93% and a return on equity of 12.51%. The company had revenue of $9.87 billion during the quarter, compared to analysts’ expectations of $9.55 billion. During the same quarter in the previous year, the company earned $0.93 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities analysts anticipate that Morgan Stanley will post 4.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st were issued a $0.30 dividend. The ex-dividend date was Tuesday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.74%. Morgan Stanley’s payout ratio is 33.33%.

In other Morgan Stanley news, major shareholder Stanley Morgan sold 327 shares of Morgan Stanley stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is currently owned by insiders.

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Morgan Stanley Company 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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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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