First Republic Investment Management Inc. Buys 87,846 Shares of Morgan Stanley (MS)
First Republic Investment Management Inc. raised its stake in shares of Morgan Stanley (NYSE:MS) by 14.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 680,393 shares of the financial services provider’s stock after purchasing an additional 87,846 shares during the period. First Republic Investment Management Inc.’s holdings in Morgan Stanley were worth $32,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the business. Invictus RG raised its holdings in shares of Morgan Stanley by 307.5% in the third quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,762 shares during the period. Rational Advisors LLC purchased a new stake in shares of Morgan Stanley in the third quarter worth approximately $116,000. Omnia Family Wealth LLC raised its holdings in shares of Morgan Stanley by 5.8% in the second quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock worth $108,000 after buying an additional 134 shares during the period. BB&T Investment Services Inc. raised its holdings in shares of Morgan Stanley by 163.1% in the third quarter. BB&T Investment Services Inc. now owns 2,655 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,646 shares during the period. Finally, WFG Advisors LP raised its holdings in shares of Morgan Stanley by 45.4% in the second quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock worth $120,000 after buying an additional 840 shares during the period. Institutional investors and hedge funds own 85.60% of the company’s stock.
Several research firms have commented on MS. set a $54.00 price objective on Morgan Stanley and gave the stock a “hold” rating in a report on Friday, August 11th. Oppenheimer restated a “hold” rating on shares of Morgan Stanley in a report on Tuesday, October 17th. J P Morgan Chase & Co set a $53.00 price objective on Morgan Stanley and gave the stock a “buy” rating in a report on Friday, September 15th. Compass Point restated a “sell” rating and set a $38.00 price objective (up from $34.00) on shares of Morgan Stanley in a report on Monday, September 25th. Finally, Berenberg Bank restated a “hold” rating and set a $40.00 price objective on shares of Morgan Stanley in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.39.
In other Morgan Stanley news, Director Alistair Darling sold 3,850 shares of Morgan Stanley stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $49.29, for a total transaction of $189,766.50. Following the completion of the sale, the director now owns 14,218 shares of the company’s stock, valued at approximately $700,805.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Thomas Colm Kelleher sold 40,000 shares of Morgan Stanley stock in a transaction dated 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 sale, the president now directly 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. In the last ninety days, insiders have sold 85,247 shares of company stock valued at $4,284,364. 0.35% of the stock is currently owned by insiders.
Morgan Stanley (NYSE:MS) traded up $0.95 during trading on Thursday, hitting $52.64. The stock had a trading volume of 5,161,895 shares, compared to its average volume of 9,393,899. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $94,028.83, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.20 and a beta of 1.64. Morgan Stanley has a 52-week low of $40.06 and a 52-week high of $53.37.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.12. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.05 billion. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. equities research analysts forecast that Morgan Stanley will post 3.57 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were given a $0.25 dividend. The ex-dividend date was Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.90%. Morgan Stanley’s payout ratio is 27.70%.
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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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