Advisor Group Inc. Cuts Stake in Morgan Stanley (MS)

Advisor Group Inc. trimmed its position in Morgan Stanley (NYSE:MS) by 1.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,242 shares of the financial services provider’s stock after selling 1,077 shares during the quarter. Advisor Group Inc.’s holdings in Morgan Stanley were worth $3,866,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised 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 worth $101,000 after purchasing an additional 190 shares during the period. V Wealth Management LLC purchased a new position in shares of Morgan Stanley in the 2nd quarter worth about $106,000. Omnia Family Wealth LLC raised 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 worth $108,000 after purchasing an additional 134 shares during the period. WFG Advisors LP raised 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 worth $120,000 after purchasing an additional 840 shares during the period. Finally, Smithfield Trust Co. raised 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 worth $164,000 after purchasing an additional 42 shares during the period. Institutional investors own 86.30% of the company’s stock.

Morgan Stanley (MS) traded down $0.25 during trading hours on Wednesday, reaching $48.38. The company had a trading volume of 5,968,500 shares, compared to its average volume of 9,527,283. Morgan Stanley has a twelve month low of $38.40 and a twelve month high of $51.52. The firm has a market cap of $87,918.13, a price-to-earnings ratio of 13.47, a P/E/G ratio of 1.12 and a beta of 1.66. The company has a quick ratio of 0.74, a current 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, beating the Zacks’ consensus estimate of $0.81 by $0.12. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.05 billion. During the same quarter in the previous year, the firm posted $0.80 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. sell-side analysts forecast that Morgan Stanley will post 3.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.07%. Morgan Stanley’s dividend 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 on Monday, October 23rd. The stock was sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the sale, the president now owns 692,037 shares of the company’s stock, valued at approximately $35,010,151.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey S. Brodsky sold 16,397 shares of Morgan Stanley stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $50.07, for a total value of $820,997.79. Following the sale, the insider now directly owns 111,776 shares in the company, valued at approximately $5,596,624.32. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

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Several equities research analysts recently commented on MS shares. ValuEngine downgraded Morgan Stanley from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. BMO Capital Markets raised their target price on Morgan Stanley from $58.00 to $61.00 and gave the company an “outperform” rating in a report on Thursday, July 20th. upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Friday, September 15th. Zacks Investment Research downgraded Morgan Stanley from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Macquarie reiterated an “outperform” rating and set a $52.00 target price (up from $51.00) on shares of Morgan Stanley in a report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $50.39.

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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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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