Davidson Investment Advisors cut its holdings in Morgan Stanley (NYSE:MS) by 1.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 163,242 shares of the financial services provider’s stock after selling 2,328 shares during the quarter. Davidson Investment Advisors’ holdings in Morgan Stanley were worth $7,602,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Independent Advisor Alliance raised its position in shares of Morgan Stanley by 13.3% during the third quarter. Independent Advisor Alliance now owns 54,541 shares of the financial services provider’s stock worth $2,014,000 after acquiring an additional 6,408 shares during the last quarter. Rothschild & Co. Asset Management US Inc. raised its position in shares of Morgan Stanley by 5.7% during the third quarter. Rothschild & Co. Asset Management US Inc. now owns 629,296 shares of the financial services provider’s stock worth $29,306,000 after acquiring an additional 33,906 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Morgan Stanley by 46.6% during the third quarter. Schroder Investment Management Group now owns 318,018 shares of the financial services provider’s stock worth $14,810,000 after acquiring an additional 101,076 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Morgan Stanley by 4.2% during the third quarter. Canada Pension Plan Investment Board now owns 1,633,304 shares of the financial services provider’s stock worth $76,063,000 after acquiring an additional 65,199 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Morgan Stanley during the third quarter worth about $1,840,000. 84.87% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on MS. Zacks Investment Research downgraded Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. ValuEngine downgraded Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Oppenheimer upgraded Morgan Stanley to an “outperform” rating and set a $62.00 price objective for the company in a research report on Tuesday, October 16th. Vining Sparks restated a “buy” rating and set a $60.00 price objective on shares of Morgan Stanley in a research report on Tuesday, October 16th. Finally, HSBC downgraded Morgan Stanley from a “buy” rating to a “hold” rating and set a $54.00 price objective for the company. in a research report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. Morgan Stanley presently has a consensus rating of “Buy” and a consensus target price of $58.47.
Shares of MS stock opened at $43.08 on Monday. The company has a market capitalization of $74.10 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 0.74 and a beta of 1.28. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.67. 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 issued its earnings results 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 business had revenue of $9.87 billion during the quarter, compared to the consensus estimate of $9.55 billion. Morgan Stanley had a return on equity of 12.51% and a net margin of 15.93%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share. On average, research analysts anticipate that Morgan Stanley will post 4.94 earnings per share for the current year.
The firm also recently announced 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 2.79%. Morgan Stanley’s payout ratio is currently 33.33%.
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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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