Matrix Asset Advisors Inc. NY cut its position in Morgan Stanley (NYSE:MS) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 164,189 shares of the financial services provider’s stock after selling 3,491 shares during the quarter. Matrix Asset Advisors Inc. NY’s holdings in Morgan Stanley were worth $7,646,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the company. Cornerstone Advisors Inc. grew its position in Morgan Stanley by 33.4% in the second quarter. Cornerstone Advisors Inc. now owns 4,894 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 1,224 shares in the last quarter. James Investment Research Inc. raised its stake in Morgan Stanley by 6.7% in the second quarter. James Investment Research Inc. now owns 37,360 shares of the financial services provider’s stock worth $1,771,000 after buying an additional 2,355 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in Morgan Stanley in the second quarter worth approximately $3,159,000. Janney Montgomery Scott LLC grew its holdings in Morgan Stanley by 30.0% in the second quarter. Janney Montgomery Scott LLC now owns 31,587 shares of the financial services provider’s stock worth $1,497,000 after purchasing an additional 7,292 shares during the last quarter. Finally, Bank of The West purchased a new position in Morgan Stanley in the second quarter worth $1,068,000. Institutional investors and hedge funds own 84.87% of the company’s stock.
A number of equities research analysts have recently weighed in on MS shares. Wolfe Research assumed coverage on shares of Morgan Stanley in a report on Tuesday, September 25th. They set an “outperform” rating on the stock. Vining Sparks reiterated a “buy” rating and issued a $60.00 price objective on shares of Morgan Stanley in a research report on Tuesday, October 16th. ValuEngine downgraded shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Tuesday. Finally, Oppenheimer upgraded shares of Morgan Stanley to an “outperform” rating and set a $62.00 price target for the company in a research report on Tuesday, October 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $58.47.
NYSE:MS opened at $43.73 on Friday. 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 company has a market cap of $75.22 billion, a P/E ratio of 12.15, a P/E/G ratio of 0.75 and a beta of 1.28. Morgan Stanley has a fifty-two week low of $42.54 and a fifty-two week high of $59.38.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.16. The firm had revenue of $9.87 billion during the quarter, compared to analysts’ expectations of $9.55 billion. Morgan Stanley had a net margin of 15.93% and a return on equity of 12.51%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company posted $0.93 EPS. As a group, equities analysts forecast that Morgan Stanley will post 4.94 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.74%. Morgan Stanley’s payout ratio is currently 33.33%.
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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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