Morgan Stanley (MS) Holdings Cut by Cornerstone Financial Partners LLC
Cornerstone Financial Partners LLC decreased its stake in shares of Morgan Stanley (NYSE:MS) by 6.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,195 shares of the financial services provider’s stock after selling 5,172 shares during the quarter. Morgan Stanley comprises 1.4% of Cornerstone Financial Partners LLC’s holdings, making the stock its 17th biggest position. Cornerstone Financial Partners LLC’s holdings in Morgan Stanley were worth $3,669,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of MS. Parkside Financial Bank & Trust boosted its holdings in shares of Morgan Stanley by 9.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 190 shares during the last quarter. Rational Advisors LLC purchased a new stake in shares of Morgan Stanley in the 3rd quarter valued at $116,000. Omnia Family Wealth LLC boosted its holdings in shares of Morgan Stanley by 5.8% in the 2nd quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 134 shares during the last quarter. WFG Advisors LP boosted its holdings in shares of Morgan Stanley by 45.4% in the 2nd quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 840 shares during the last quarter. Finally, Smithfield Trust Co. boosted its holdings 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 acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 85.67% of the company’s stock.
Morgan Stanley (MS) traded down $0.29 during trading on Friday, reaching $49.09. 3,785,900 shares of the company traded hands, compared to its average volume of 9,437,754. Morgan Stanley has a 52-week low of $40.06 and a 52-week high of $51.52. The firm has a market capitalization of $88,749.77, a PE ratio of 13.60, a P/E/G ratio of 1.13 and a beta of 1.66. 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 (NYSE:MS) last released its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.12. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.05 billion. During the same period last year, the business earned $0.80 earnings per share. Morgan Stanley’s revenue was up 3.2% compared to the same quarter last year. research analysts anticipate that Morgan Stanley will post 3.57 earnings per share for the current fiscal year.
The company 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 annualized dividend and a yield of 2.04%. The ex-dividend date was Monday, October 30th. Morgan Stanley’s payout ratio is currently 27.70%.
In other Morgan Stanley news, President Thomas Colm Kelleher sold 40,000 shares of Morgan Stanley stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the completion of the sale, the president now directly owns 692,037 shares in the company, valued at $35,010,151.83. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey S. Brodsky sold 16,397 shares of Morgan Stanley stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $50.07, for a total transaction of $820,997.79. Following the sale, the insider now owns 111,776 shares of the company’s stock, valued at $5,596,624.32. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.
A number of analysts recently issued reports on MS shares. Credit Suisse Group raised shares of Morgan Stanley from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $49.00 to $54.00 in a report on Monday, October 9th. ValuEngine downgraded shares of Morgan Stanley from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Friday, October 20th. Wells Fargo & Company started coverage on shares of Morgan Stanley in a report on Wednesday, August 9th. They set a “market perform” rating and a $48.00 price target on the stock. Finally, Buckingham Research increased their price target on shares of Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Morgan Stanley has an average rating of “Buy” and a consensus target price of $50.39.
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Morgan Stanley Company 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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