Capstone Asset Management Co. Sells 297 Shares of Morgan Stanley (MS)
Capstone Asset Management Co. decreased its position in Morgan Stanley (NYSE:MS) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,494 shares of the financial services provider’s stock after selling 297 shares during the period. Capstone Asset Management Co.’s holdings in Morgan Stanley were worth $3,831,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in MS. FineMark National Bank & Trust raised its position in shares of Morgan Stanley by 2.0% in the second quarter. FineMark National Bank & Trust now owns 4,332 shares of the financial services provider’s stock worth $113,000 after buying an additional 84 shares during the period. Assetmark Inc. raised its position in shares of Morgan Stanley by 291.1% in the second quarter. Assetmark Inc. now owns 5,323 shares of the financial services provider’s stock worth $138,000 after buying an additional 3,962 shares during the period. Synovus Financial Corp raised its position in shares of Morgan Stanley by 11.3% in the second quarter. Synovus Financial Corp now owns 5,418 shares of the financial services provider’s stock worth $141,000 after buying an additional 549 shares during the period. Acrospire Investment Management LLC raised its position in shares of Morgan Stanley by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 6,200 shares of the financial services provider’s stock worth $161,000 after buying an additional 3,100 shares during the period. Finally, Handelsbanken Fonder AB purchased a new position in shares of Morgan Stanley during the second quarter worth $205,000. Institutional investors own 83.90% of the company’s stock.
Shares of Morgan Stanley (NYSE:MS) traded up 0.40% during mid-day trading on Tuesday, reaching $40.60. The company had a trading volume of 8,602,834 shares. Morgan Stanley has a 12-month low of $21.16 and a 12-month high of $41.20. The company has a market capitalization of $76.04 billion, a P/E ratio of 16.32 and a beta of 1.87. The firm has a 50-day moving average of $35.45 and a 200-day moving average of $30.45.
Morgan Stanley (NYSE:MS) last posted its earnings results on Wednesday, October 19th. The financial services provider reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.17. The company earned $8.91 billion during the quarter, compared to analyst estimates of $8.17 billion. Morgan Stanley had a net margin of 14.44% and a return on equity of 7.57%. Morgan Stanley’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share. On average, equities analysts anticipate that Morgan Stanley will post $2.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st were issued a dividend of $0.20 per share. 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 is currently 32.00%.
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A number of equities analysts have commented on MS shares. BMO Capital Markets restated a “buy” rating on shares of Morgan Stanley in a research note on Tuesday. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Morgan Stanley in a research note on Monday. Vetr lowered Morgan Stanley from a “hold” rating to a “sell” rating and set a $32.18 price target on the stock. in a research note on Tuesday, November 8th. Zacks Investment Research lowered Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Thursday, October 6th. Finally, Argus lifted their price target on Morgan Stanley from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $32.59.
In other Morgan Stanley news, COO James A. Rosenthal sold 111,200 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $40.34, for a total value of $4,485,808.00. Following the completion of the sale, the chief operating officer now directly owns 294,261 shares in the company, valued at $11,870,488.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas Colm Kelleher sold 222,712 shares of the firm’s stock in a transaction dated Thursday, October 20th. The stock was sold at an average price of $32.90, for a total transaction of $7,327,224.80. Following the completion of the sale, the president now owns 863,334 shares of the company’s stock, valued at $28,403,688.60. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.
About Morgan Stanley
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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