KMG Fiduciary Partners LLC Has $3.62 Million Stake in Morgan Stanley (NYSE:MS)

KMG Fiduciary Partners LLC grew its position in Morgan Stanley (NYSE:MS) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,745 shares of the financial services provider’s stock after purchasing an additional 150 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Morgan Stanley were worth $3,622,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors grew its position in Morgan Stanley by 16.3% during the first quarter. Capital International Investors now owns 28,481,070 shares of the financial services provider’s stock worth $2,681,778,000 after buying an additional 3,981,528 shares in the last quarter. Bank of New York Mellon Corp grew its position in Morgan Stanley by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 12,875,677 shares of the financial services provider’s stock worth $1,251,387,000 after buying an additional 303,654 shares in the last quarter. Legal & General Group Plc grew its position in Morgan Stanley by 2.0% during the second quarter. Legal & General Group Plc now owns 10,597,493 shares of the financial services provider’s stock worth $1,029,970,000 after buying an additional 212,551 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Morgan Stanley by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 8,834,372 shares of the financial services provider’s stock worth $858,573,000 after buying an additional 242,896 shares in the last quarter. Finally, Boston Partners grew its position in Morgan Stanley by 0.8% during the first quarter. Boston Partners now owns 7,151,492 shares of the financial services provider’s stock worth $672,969,000 after buying an additional 57,104 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Insiders Place Their Bets

In other news, insider Mandell Crawley sold 3,500 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $105.25, for a total value of $368,375.00. Following the completion of the sale, the insider now directly owns 43,224 shares in the company, valued at $4,549,326. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Mandell Crawley sold 3,500 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $105.25, for a total value of $368,375.00. Following the completion of the sale, the insider now directly owns 43,224 shares in the company, valued at $4,549,326. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Stephen J. Luczo sold 60,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $119.17, for a total value of $7,150,200.00. Following the completion of the sale, the director now owns 138,363 shares of the company’s stock, valued at approximately $16,488,718.71. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Morgan Stanley Stock Performance

Shares of Morgan Stanley stock opened at $121.07 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.96. The business has a 50-day moving average price of $103.38 and a two-hundred day moving average price of $99.29. Morgan Stanley has a 1-year low of $69.42 and a 1-year high of $121.45. The company has a market cap of $196.76 billion, a P/E ratio of 22.05, a PEG ratio of 1.17 and a beta of 1.36.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.17. Morgan Stanley had a return on equity of 11.85% and a net margin of 10.17%. The firm had revenue of $15.02 billion during the quarter, compared to the consensus estimate of $14.32 billion. During the same period last year, the business posted $1.24 EPS. The business’s revenue was up 11.6% compared to the same quarter last year. As a group, analysts anticipate that Morgan Stanley will post 6.95 EPS for the current year.

Morgan Stanley Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.925 per share. The ex-dividend date is Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a yield of 3.06%. Morgan Stanley’s payout ratio is currently 67.40%.

Analyst Upgrades and Downgrades

MS has been the topic of a number of analyst reports. UBS Group increased their price target on Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. HSBC raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Friday, October 4th. Jefferies Financial Group raised their target price on Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a report on Thursday. Citigroup raised their target price on Morgan Stanley from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, July 17th. Finally, Oppenheimer downgraded Morgan Stanley from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Morgan Stanley presently has an average rating of “Hold” and a consensus price target of $107.56.

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.