Morgan Stanley (NYSE:MS) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co lowered its position in Morgan Stanley (NYSE:MS) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 366,242 shares of the financial services provider’s stock after selling 8,116 shares during the quarter. Fiduciary Trust Co’s holdings in Morgan Stanley were worth $38,177,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MS. Rosenberg Matthew Hamilton increased its stake in shares of Morgan Stanley by 2.6% in the third quarter. Rosenberg Matthew Hamilton now owns 3,748 shares of the financial services provider’s stock worth $391,000 after buying an additional 96 shares during the last quarter. Omnia Family Wealth LLC increased its position in shares of Morgan Stanley by 3.3% in the 3rd quarter. Omnia Family Wealth LLC now owns 3,063 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 97 shares during the last quarter. TFB Advisors LLC raised its stake in shares of Morgan Stanley by 3.9% in the 3rd quarter. TFB Advisors LLC now owns 2,662 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 99 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its position in shares of Morgan Stanley by 0.3% during the third quarter. Compagnie Lombard Odier SCmA now owns 33,850 shares of the financial services provider’s stock worth $3,529,000 after purchasing an additional 100 shares during the last quarter. Finally, Lansing Street Advisors grew its stake in Morgan Stanley by 0.8% in the third quarter. Lansing Street Advisors now owns 12,284 shares of the financial services provider’s stock worth $1,280,000 after purchasing an additional 103 shares in the last quarter. 84.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Morgan Stanley

In other news, Director Stephen J. Luczo sold 60,000 shares of Morgan Stanley stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $119.17, for a total transaction of $7,150,200.00. Following the transaction, the director now owns 138,363 shares in the company, valued at approximately $16,488,718.71. The trade was a 30.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MS. Royal Bank of Canada raised their price target on Morgan Stanley from $108.00 to $122.00 and gave the stock a “sector perform” rating in a report on Thursday, October 17th. Hsbc Global Res downgraded shares of Morgan Stanley from a “strong-buy” rating to a “hold” rating in a report on Tuesday. The Goldman Sachs Group increased their price objective on shares of Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company raised shares of Morgan Stanley from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $107.00 to $142.00 in a research note on Friday, November 15th. Finally, HSBC lowered shares of Morgan Stanley from a “buy” rating to a “hold” rating and raised their price target for the company from $128.00 to $131.00 in a research note on Tuesday. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Morgan Stanley has an average rating of “Hold” and a consensus target price of $115.63.

Morgan Stanley Stock Down 0.1 %

MS stock opened at $131.20 on Thursday. The firm has a market cap of $211.37 billion, a PE ratio of 19.97, a P/E/G ratio of 1.24 and a beta of 1.34. Morgan Stanley has a 12 month low of $76.33 and a 12 month high of $136.24. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a 50 day simple moving average of $118.10 and a 200 day simple moving average of $105.96.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.31. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. The firm had revenue of $15.38 billion for the quarter, compared to the consensus estimate of $14.27 billion. Equities research analysts forecast that Morgan Stanley will post 7.32 earnings per share for the current fiscal year.

Morgan Stanley Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.925 per share. This represents a $3.70 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Thursday, October 31st. Morgan Stanley’s payout ratio is 56.32%.

Morgan Stanley 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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.