Dupont Capital Management Corp Cuts Stock Position in Morgan Stanley $MS

Dupont Capital Management Corp trimmed its position in shares of Morgan Stanley (NYSE:MSFree Report) by 9.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,011 shares of the financial services provider’s stock after selling 9,090 shares during the period. Morgan Stanley comprises 1.4% of Dupont Capital Management Corp’s investment portfolio, making the stock its 21st largest position. Dupont Capital Management Corp’s holdings in Morgan Stanley were worth $13,513,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MS. Princeton Global Asset Management LLC raised its stake in shares of Morgan Stanley by 645.8% during the second quarter. Princeton Global Asset Management LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 155 shares in the last quarter. WFA of San Diego LLC bought a new position in shares of Morgan Stanley during the 2nd quarter valued at $28,000. CBIZ Investment Advisory Services LLC grew its holdings in shares of Morgan Stanley by 111.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 211 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 111 shares during the last quarter. Family Legacy Financial Solutions LLC raised its position in Morgan Stanley by 91.9% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 213 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 102 shares during the period. Finally, Compass Financial Services Inc bought a new stake in Morgan Stanley in the second quarter worth $32,000. Institutional investors own 84.19% of the company’s stock.

Morgan Stanley Trading Down 0.9%

MS opened at $177.47 on Friday. Morgan Stanley has a one year low of $94.33 and a one year high of $182.34. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.79 and a quick ratio of 0.79. The business has a 50 day simple moving average of $170.50 and a two-hundred day simple moving average of $155.80. The firm has a market capitalization of $282.05 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.44 and a beta of 1.20.

Morgan Stanley (NYSE:MSGet Free Report) last posted its earnings results on Wednesday, October 15th. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.73. The firm had revenue of $17.98 billion for the quarter, compared to analysts’ expectations of $16.42 billion. Morgan Stanley had a return on equity of 16.40% and a net margin of 13.85%.The business’s revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.88 earnings per share. Analysts predict that Morgan Stanley will post 8.56 EPS for the current year.

Morgan Stanley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, October 31st. Morgan Stanley’s payout ratio is presently 41.03%.

Insider Buying and Selling

In other news, CEO Edward Pick sold 100,000 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $164.34, for a total value of $16,434,000.00. Following the completion of the sale, the chief executive officer directly owned 574,986 shares of the company’s stock, valued at approximately $94,493,199.24. This trade represents a 14.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.19% of the company’s stock.

Key Stores Impacting Morgan Stanley

Here are the key news stories impacting Morgan Stanley this week:

Wall Street Analysts Forecast Growth

MS has been the topic of a number of recent research reports. Royal Bank Of Canada raised their price objective on Morgan Stanley from $145.00 to $171.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 1st. Wells Fargo & Company increased their target price on Morgan Stanley from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Thursday, October 16th. The Goldman Sachs Group raised their price target on Morgan Stanley from $145.00 to $164.00 and gave the stock a “neutral” rating in a research report on Friday, October 3rd. BMO Capital Markets assumed coverage on Morgan Stanley in a research note on Friday, October 3rd. They issued an “outperform” rating and a $180.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Morgan Stanley from $122.00 to $157.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Morgan Stanley has an average rating of “Moderate Buy” and an average price target of $174.77.

Get Our Latest Research Report on Morgan Stanley

About Morgan Stanley

(Free Report)

Morgan Stanley (NYSE: MS) is a global financial services firm headquartered in New York City. Founded in 1935 by Henry S. Morgan and Harold Stanley, the company provides a broad range of investment banking, securities, wealth management and investment management services to corporations, governments, institutions and individual investors. Leadership has been guided by a senior executive team and board of directors; James P. Gorman has served as the company’s chief executive and chairman in recent years.

The firm’s primary business activities are organized around three principal businesses: Institutional Securities, Wealth Management and Investment Management.

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

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