Sigma Planning Corp Reduces Holdings in Morgan Stanley (MS)
Sigma Planning Corp reduced its position in Morgan Stanley (NYSE:MS) by 33.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,184 shares of the financial services provider’s stock after selling 2,108 shares during the quarter. Sigma Planning Corp’s holdings in Morgan Stanley were worth $202,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MS. Smithfield Trust Co. boosted its stake in shares of Morgan Stanley by 1.2% in the 2nd quarter. Smithfield Trust Co. now owns 3,690 shares of the financial services provider’s stock valued at $164,000 after buying an additional 42 shares during the period. M Holdings Securities Inc. lifted its stake in Morgan Stanley by 1.6% in the first quarter. M Holdings Securities Inc. now owns 5,145 shares of the financial services provider’s stock valued at $220,000 after buying an additional 83 shares during the last quarter. Klingenstein Fields & Co. LLC lifted its stake in Morgan Stanley by 0.4% in the second quarter. Klingenstein Fields & Co. LLC now owns 26,300 shares of the financial services provider’s stock valued at $1,172,000 after buying an additional 100 shares during the last quarter. Catamount Wealth Management lifted its stake in Morgan Stanley by 0.3% in the second quarter. Catamount Wealth Management now owns 32,477 shares of the financial services provider’s stock valued at $1,447,000 after buying an additional 100 shares during the last quarter. Finally, HM Payson & Co. lifted its stake in Morgan Stanley by 1.4% in the second quarter. HM Payson & Co. now owns 7,457 shares of the financial services provider’s stock valued at $332,000 after buying an additional 106 shares during the last quarter. 86.30% of the stock is owned by institutional investors.
A number of equities research analysts have weighed in on MS shares. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Monday, September 11th. ValuEngine cut Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. J P Morgan Chase & Co set a $53.00 price objective on Morgan Stanley and gave the company a “buy” rating in a research note on Friday, September 15th. upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Friday, September 15th. Finally, Buckingham Research boosted their price objective on Morgan Stanley from $54.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. 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 given a strong buy rating to the stock. Morgan Stanley presently has a consensus rating of “Buy” and a consensus price target of $50.39.
Morgan Stanley (NYSE:MS) opened at $48.70 on Friday. The firm has a market capitalization of $88,044.69, a PE ratio of 13.49, a P/E/G ratio of 1.12 and a beta of 1.66. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.74 and a current ratio of 0.74. Morgan Stanley has a 12-month low of $39.89 and a 12-month high of $51.52.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.12. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.05 billion. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. analysts predict that Morgan Stanley will post 3.57 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were paid a dividend of $0.25 per share. The ex-dividend date was Monday, October 30th. This represents a $1.00 annualized dividend and a yield of 2.05%. Morgan Stanley’s dividend payout ratio is presently 27.70%.
In other news, insider Jeffrey S. Brodsky sold 16,397 shares of the stock in a transaction dated 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 $5,596,624.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Thomas Colm Kelleher sold 40,000 shares of the stock in a transaction dated Monday, October 23rd. The shares were 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. Corporate insiders own 0.35% of the company’s stock.
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About Morgan Stanley
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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