Morgan Stanley (MS) Stake Lessened by First Allied Advisory Services Inc.
First Allied Advisory Services Inc. trimmed its holdings in Morgan Stanley (NYSE:MS) by 7.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,589 shares of the financial services provider’s stock after selling 2,815 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Morgan Stanley were worth $1,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in MS. DSAM Partners London Ltd bought a new stake in Morgan Stanley in the 3rd quarter valued at about $5,273,000. Davidson & Garrard Inc. increased its position in Morgan Stanley by 2.2% in the 2nd quarter. Davidson & Garrard Inc. now owns 5,525 shares of the financial services provider’s stock valued at $246,000 after buying an additional 120 shares in the last quarter. Calamos Wealth Management LLC bought a new stake in Morgan Stanley in the 2nd quarter valued at about $1,412,000. BB&T Corp increased its position in Morgan Stanley by 9.7% in the 3rd quarter. BB&T Corp now owns 171,122 shares of the financial services provider’s stock valued at $8,243,000 after buying an additional 15,162 shares in the last quarter. Finally, CAPROCK Group Inc. bought a new stake in Morgan Stanley in the 3rd quarter valued at about $220,000. 85.60% of the stock is currently owned by institutional investors.
In other news, Director Alistair Darling sold 3,850 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $49.29, for a total value of $189,766.50. Following the completion of the transaction, the director now directly owns 14,218 shares of the company’s stock, valued at $700,805.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Thomas Colm Kelleher sold 40,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the president now directly owns 692,037 shares of the company’s stock, valued at $35,010,151.83. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,247 shares of company stock valued at $4,284,364. 0.35% of the stock is currently owned by corporate insiders.
Morgan Stanley (NYSE:MS) last released its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the 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%. Morgan Stanley’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 earnings per share. equities research analysts anticipate that Morgan Stanley will post 3.57 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Monday, October 30th. Morgan Stanley’s dividend payout ratio is presently 27.70%.
A number of analysts recently commented on the company. Zacks Investment Research lowered Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Citigroup reissued a “neutral” rating and set a $50.00 price objective (up from $46.00) on shares of Morgan Stanley in a report on Monday, October 9th. Credit Suisse Group raised Morgan Stanley from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $49.00 to $54.00 in a report on Monday, October 9th. Barclays boosted their price objective on Morgan Stanley from $48.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. Finally, Buckingham Research boosted their price objective on Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus 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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