Capital Investment Counsel Inc Sells 1,225 Shares of Morgan Stanley (MS)
Capital Investment Counsel Inc decreased its stake in shares of Morgan Stanley (NYSE:MS) by 3.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 30,357 shares of the financial services provider’s stock after selling 1,225 shares during the period. Capital Investment Counsel Inc’s holdings in Morgan Stanley were worth $1,462,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of MS. Janus Henderson Group PLC lifted its holdings in Morgan Stanley by 5,268.0% during the 2nd quarter. Janus Henderson Group PLC now owns 9,590,843 shares of the financial services provider’s stock worth $427,365,000 after purchasing an additional 9,412,177 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Morgan Stanley by 801.0% during the 2nd quarter. Lazard Asset Management LLC now owns 5,321,327 shares of the financial services provider’s stock worth $237,117,000 after purchasing an additional 4,730,704 shares in the last quarter. Epoch Investment Partners Inc. lifted its holdings in Morgan Stanley by 92.0% during the 2nd quarter. Epoch Investment Partners Inc. now owns 9,653,836 shares of the financial services provider’s stock worth $430,175,000 after purchasing an additional 4,625,783 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Morgan Stanley by 94.3% during the 2nd quarter. Alliancebernstein L.P. now owns 7,091,745 shares of the financial services provider’s stock worth $316,008,000 after purchasing an additional 3,442,450 shares in the last quarter. Finally, Standard Life Investments LTD lifted its holdings in Morgan Stanley by 837.7% during the 2nd quarter. Standard Life Investments LTD now owns 3,570,298 shares of the financial services provider’s stock worth $159,038,000 after purchasing an additional 3,189,560 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.
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In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 16,397 shares of the stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $50.07, for a total value of $820,997.79. Following the completion of the sale, the insider now owns 111,776 shares in the company, valued at approximately $5,596,624.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Thomas Colm Kelleher sold 40,000 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $50.59, for a total value of $2,023,600.00. Following the completion of the sale, the president now owns 692,037 shares of the company’s stock, valued at approximately $35,010,151.83. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
Morgan Stanley (NYSE MS) traded down $0.04 on Wednesday, reaching $48.34. The company had a trading volume of 4,609,843 shares, compared to its average volume of 9,527,283. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.68. Morgan Stanley has a fifty-two week low of $38.40 and a fifty-two week high of $51.52. The company has a market cap of $87,918.13, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 1.12 and a beta of 1.66.
Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.12. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The business had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.05 billion. During the same quarter last year, the business posted $0.80 EPS. The business’s revenue was up 3.2% on a year-over-year basis. equities research analysts anticipate that Morgan Stanley will post 3.57 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Monday, October 30th. Morgan Stanley’s dividend payout ratio (DPR) is currently 27.70%.
A number of brokerages have weighed in on MS. set a $54.00 target price on Morgan Stanley and gave the stock a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded Morgan Stanley from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Macquarie restated an “outperform” rating and issued a $52.00 target price (up from $51.00) on shares of Morgan Stanley in a research note on Saturday, July 22nd. J P Morgan Chase & Co set a $53.00 target price on Morgan Stanley and gave the stock a “buy” rating in a research note on Friday, September 15th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Morgan Stanley in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $50.39.
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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