Morgan Stanley (MS) Position Decreased by Global Financial Private Capital LLC
Global Financial Private Capital LLC trimmed its stake in Morgan Stanley (NYSE:MS) by 1.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 74,070 shares of the financial services provider’s stock after selling 1,167 shares during the period. Global Financial Private Capital LLC’s holdings in Morgan Stanley were worth $3,449,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. CSat Investment Advisory L.P. bought a new stake in shares of Morgan Stanley during the second quarter valued at approximately $102,000. First Mercantile Trust Co. bought a new stake in shares of Morgan Stanley during the second quarter valued at approximately $112,000. Landaas & Co. WI ADV bought a new stake in shares of Morgan Stanley during the second quarter valued at approximately $119,000. Harvest Fund Management Co. Ltd increased its position in shares of Morgan Stanley by 108.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,815 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 1,467 shares during the period. Finally, Kaizen Advisory LLC increased its position in shares of Morgan Stanley by 152.0% during the second quarter. Kaizen Advisory LLC now owns 3,395 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 2,048 shares during the period. 84.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of MS stock opened at $45.73 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.83 and a debt-to-equity ratio of 2.67. The firm has a market capitalization of $80.18 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.80 and a beta of 1.28. Morgan Stanley has a one year low of $42.88 and a one year high of $59.38.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, October 30th. Morgan Stanley’s dividend payout ratio is 33.33%.
Morgan Stanley announced that its Board of Directors has approved a stock buyback plan on Wednesday, July 18th that authorizes the company to repurchase $4.70 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
A number of analysts have recently issued reports on the company. Zacks Investment Research cut Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Wells Fargo & Co upgraded Morgan Stanley from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $56.00 to $60.00 in a research report on Wednesday, October 24th. Goldman Sachs Group set a $59.00 price objective on Morgan Stanley and gave the company a “neutral” rating in a research report on Friday, July 20th. HSBC cut Morgan Stanley from a “buy” rating to a “hold” rating and set a $54.00 price objective on the stock. in a research report on Tuesday, October 2nd. Finally, Citigroup lowered their price objective on Morgan Stanley from $58.00 to $56.00 and set a “neutral” rating on the stock in a research report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $58.82.
In related news, major shareholder Stanley Morgan sold 327 shares of the business’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $23,000.00, for a total value of $7,521,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.19% of the stock is owned by insiders.
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Morgan Stanley Company Profile
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates Institutional Securities, Wealth Management, and Investment Management segments.
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