Cable Hill Partners LLC Decreases Stock Holdings in Morgan Stanley (NYSE:MS)

Cable Hill Partners LLC reduced its holdings in Morgan Stanley (NYSE:MS) by 4.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,561 shares of the financial services provider’s stock after selling 236 shares during the period. Cable Hill Partners LLC’s holdings in Morgan Stanley were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MS. Opal Wealth Advisors LLC bought a new stake in Morgan Stanley in the second quarter worth $25,000. POM Investment Strategies LLC lifted its holdings in shares of Morgan Stanley by 1,147.6% in the 2nd quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 241 shares during the last quarter. Bank & Trust Co bought a new stake in shares of Morgan Stanley in the 2nd quarter worth about $26,000. Northwest Investment Counselors LLC purchased a new position in shares of Morgan Stanley during the 3rd quarter worth about $26,000. Finally, Bbjs Financial Advisors LLC bought a new position in Morgan Stanley during the 2nd quarter valued at about $29,000. 84.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Royal Bank of Canada upped their price objective on Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a research report on Thursday, October 17th. The Goldman Sachs Group boosted their target price on shares of Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Oppenheimer downgraded shares of Morgan Stanley from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. Wells Fargo & Company boosted their price objective on shares of Morgan Stanley from $95.00 to $107.00 and gave the company an “underweight” rating in a research report on Thursday, October 17th. Finally, Citigroup upped their target price on shares of Morgan Stanley from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $109.24.

Morgan Stanley Trading Up 0.3 %

NYSE MS opened at $132.75 on Thursday. Morgan Stanley has a 12-month low of $76.33 and a 12-month high of $134.65. The company has a fifty day simple moving average of $110.49 and a two-hundred day simple moving average of $103.05. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.14. The stock has a market cap of $213.87 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.23 and a beta of 1.34.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.31. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. The business had revenue of $15.38 billion for the quarter, compared to analyst estimates of $14.27 billion. On average, analysts forecast that Morgan Stanley will post 7.32 earnings per share 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 $0.925 dividend. This represents a $3.70 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, October 31st. Morgan Stanley’s payout ratio is 56.32%.

Insiders Place Their Bets

In related news, Director Stephen J. Luczo sold 60,000 shares of Morgan Stanley stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 138,363 shares in the company, valued at approximately $16,488,718.71. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.24% of the stock is owned by insiders.

Morgan Stanley Company 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.