Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Morgan Stanley (NYSE:MS) by 26.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,030 shares of the financial services provider’s stock after acquiring an additional 21,187 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Morgan Stanley were worth $4,943,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in Morgan Stanley by 1.0% in the 2nd quarter. BlackRock Inc. now owns 102,137,658 shares of the financial services provider’s stock valued at $4,551,254,000 after buying an additional 969,461 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Morgan Stanley by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 93,483,287 shares of the financial services provider’s stock valued at $4,165,615,000 after acquiring an additional 1,256,318 shares during the period. Ameriprise Financial Inc. grew its position in shares of Morgan Stanley by 3.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 20,973,434 shares of the financial services provider’s stock valued at $934,569,000 after acquiring an additional 654,034 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Morgan Stanley by 24.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,326,657 shares of the financial services provider’s stock valued at $549,275,000 after acquiring an additional 2,427,130 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Morgan Stanley by 18.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 11,816,768 shares of the financial services provider’s stock valued at $569,213,000 after acquiring an additional 1,828,697 shares during the period. Institutional investors and hedge funds own 85.60% of the company’s stock.
Shares of Morgan Stanley (MS) traded up $1.08 during trading hours on Wednesday, hitting $53.85. 8,151,900 shares of the stock traded hands, compared to its average volume of 9,361,044. The firm has a market cap of $95,402.84, a PE ratio of 14.62, a PEG ratio of 1.24 and a beta of 1.64. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68. Morgan Stanley has a one year low of $40.06 and a one year high of $54.10.
Morgan Stanley (NYSE:MS) last issued its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.81 by $0.12. The company had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.05 billion. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 EPS. sell-side analysts forecast that Morgan Stanley will post 3.57 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Monday, October 30th. Morgan Stanley’s dividend payout ratio is 27.70%.
In related news, insider Keishi Hotsuki sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $50.00, for a total transaction of $1,250,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Thomas Colm Kelleher sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the transaction, the president now owns 692,037 shares of the company’s stock, valued at $35,010,151.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,247 shares of company stock valued at $4,284,364. 0.24% of the stock is owned by corporate insiders.
A number of brokerages have recently commented on MS. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Monday. Keefe, Bruyette & Woods raised shares of Morgan Stanley from a “market perform” rating to an “outperform” rating and set a $59.00 target price for the company in a report on Tuesday. Citigroup reaffirmed a “neutral” rating and set a $50.00 target price (up previously from $46.00) on shares of Morgan Stanley in a report on Monday, October 9th. Credit Suisse Group raised shares of Morgan Stanley from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $49.00 to $54.00 in a report on Monday, October 9th. Finally, Barclays lifted their target price on shares of Morgan Stanley from $48.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $50.89.
Morgan Stanley 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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