Morgan Stanley (MS) Shares Bought by TD Asset Management Inc.

TD Asset Management Inc. grew its holdings in shares of Morgan Stanley (NYSE:MS) by 5.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,318,022 shares of the financial services provider’s stock after purchasing an additional 291,044 shares during the period. TD Asset Management Inc. owned approximately 0.29% of Morgan Stanley worth $256,169,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MS. Gibraltar Capital Management Inc. boosted its position in shares of Morgan Stanley by 3.8% in the 2nd quarter. Gibraltar Capital Management Inc. now owns 151,363 shares of the financial services provider’s stock valued at $6,745,000 after purchasing an additional 5,521 shares during the period. Atria Investments LLC boosted its position in shares of Morgan Stanley by 2.9% in the 2nd quarter. Atria Investments LLC now owns 10,973 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 309 shares during the period. New England Research & Management Inc. boosted its position in shares of Morgan Stanley by 26.0% in the 2nd quarter. New England Research & Management Inc. now owns 25,414 shares of the financial services provider’s stock valued at $1,132,000 after purchasing an additional 5,250 shares during the period. Covenant Asset Management LLC boosted its position in shares of Morgan Stanley by 4.9% in the 2nd quarter. Covenant Asset Management LLC now owns 31,613 shares of the financial services provider’s stock valued at $1,409,000 after purchasing an additional 1,474 shares during the period. Finally, Central Bank & Trust Co. boosted its position in shares of Morgan Stanley by 6,500.6% in the 2nd quarter. Central Bank & Trust Co. now owns 81,187 shares of the financial services provider’s stock valued at $3,618,000 after purchasing an additional 79,957 shares during the period. 85.67% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Jeffrey S. Brodsky sold 16,397 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $50.07, for a total value of $820,997.79. Following the transaction, the insider now directly owns 111,776 shares of the company’s stock, valued at approximately $5,596,624.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas Colm Kelleher sold 40,000 shares of the firm’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 in the company, valued at $35,010,151.83. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Shares of Morgan Stanley (MS) traded down $0.29 during mid-day trading on Friday, hitting $49.09. The company had a trading volume of 3,785,900 shares, compared to its average volume of 9,437,754. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.74 and a quick ratio of 0.74. Morgan Stanley has a 1-year low of $40.06 and a 1-year high of $51.52. The company has a market cap of $88,749.77, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 1.13 and a beta of 1.66.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share 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 for the quarter, compared to the consensus estimate of $9.05 billion. During the same period last year, the business earned $0.80 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. sell-side analysts predict that Morgan Stanley will post 3.57 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Monday, October 30th. Morgan Stanley’s payout ratio is 27.70%.

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MS has been the subject of a number of research reports. ValuEngine lowered Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Friday, September 15th. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Friday, October 20th. J P Morgan Chase & Co set a $53.00 price objective on Morgan Stanley and gave the stock a “buy” rating in a research report on Friday, September 15th. Finally, Citigroup Inc. restated a “neutral” rating and set a $50.00 price objective (up from $46.00) on shares of Morgan Stanley in a research report on Monday, October 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $50.39.

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.

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

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