LGT Capital Partners LTD. Increases Position in Morgan Stanley (MS)
LGT Capital Partners LTD. boosted its stake in shares of Morgan Stanley (NYSE:MS) by 6.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 366,460 shares of the financial services provider’s stock after buying an additional 21,800 shares during the period. Morgan Stanley accounts for approximately 1.6% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 28th largest position. LGT Capital Partners LTD.’s holdings in Morgan Stanley were worth $11,749,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Morgan Stanley by 1.5% in the second quarter. Vanguard Group Inc. now owns 86,662,981 shares of the financial services provider’s stock valued at $2,251,503,000 after buying an additional 1,303,627 shares in the last quarter. ValueAct Holdings L.P. purchased a new position in Morgan Stanley during the second quarter valued at approximately $987,240,000. FMR LLC boosted its position in Morgan Stanley by 9.5% in the second quarter. FMR LLC now owns 25,261,255 shares of the financial services provider’s stock valued at $656,286,000 after buying an additional 2,191,933 shares in the last quarter. Pzena Investment Management LLC boosted its position in Morgan Stanley by 1.9% in the second quarter. Pzena Investment Management LLC now owns 12,892,657 shares of the financial services provider’s stock valued at $334,951,000 after buying an additional 243,574 shares in the last quarter. Finally, Janus Capital Management LLC boosted its position in Morgan Stanley by 94.6% in the second quarter. Janus Capital Management LLC now owns 8,133,460 shares of the financial services provider’s stock valued at $211,307,000 after buying an additional 3,953,641 shares in the last quarter. Institutional investors own 85.32% of the company’s stock.
Shares of Morgan Stanley (NYSE:MS) traded up 0.32% during trading on Monday, hitting $40.56. 10,122,257 shares of the stock traded hands. The firm’s 50-day moving average price is $34.41 and its 200-day moving average price is $30.00. Morgan Stanley has a 12 month low of $21.16 and a 12 month high of $40.80. The stock has a market cap of $75.96 billion, a PE ratio of 16.30 and a beta of 1.87.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Wednesday, October 19th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.17. The firm earned $8.91 billion during the quarter, compared to analysts’ expectations of $8.17 billion. Morgan Stanley had a net margin of 14.44% and a return on equity of 7.57%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 earnings per share. Analysts anticipate that Morgan Stanley will post $2.70 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st were paid a $0.20 dividend. The ex-dividend date was Thursday, October 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.97%. Morgan Stanley’s dividend payout ratio (DPR) is presently 32.00%.
Several equities analysts have commented on MS shares. TheStreet raised shares of Morgan Stanley from a “hold” rating to a “buy” rating in a research report on Monday, July 25th. Vetr cut shares of Morgan Stanley from a “sell” rating to a “strong sell” rating and set a $26.38 target price on the stock. in a research report on Monday, August 15th. Argus lifted their target price on shares of Morgan Stanley from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Buckingham Research raised shares of Morgan Stanley from a “neutral” rating to a “buy” rating in a research report on Thursday, August 25th. Finally, JPMorgan Chase & Co. set a $32.00 target price on shares of Morgan Stanley and gave the stock a “buy” rating in a research report on Thursday, September 22nd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $32.59.
In related news, President Thomas Colm Kelleher sold 222,712 shares of the firm’s stock in a transaction on Thursday, October 20th. The shares were sold at an average price of $32.90, for a total transaction of $7,327,224.80. Following the completion of the transaction, the president now directly owns 863,334 shares of the company’s stock, valued at $28,403,688.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Stanley Morgan sold 357 shares of the firm’s stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $23,750.00, for a total transaction of $8,478,750.00. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.
Morgan Stanley Company Profile
Morgan Stanley is a financial holding company. The Company is a global financial services firm that, through its subsidiaries and affiliates, advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. Its segments include Institutional Securities, Wealth Management and Investment Management.
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