Pitcairn Co. Has $2.42 Million Stock Holdings in Morgan Stanley (NYSE:MS)

Pitcairn Co. lessened its holdings in Morgan Stanley (NYSE:MS) by 33.3% during the third quarter, HoldingsChannel reports. The firm owned 23,168 shares of the financial services provider’s stock after selling 11,580 shares during the quarter. Pitcairn Co.’s holdings in Morgan Stanley were worth $2,415,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Rosenberg Matthew Hamilton grew its holdings in Morgan Stanley by 2.6% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 3,748 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 96 shares during the period. Omnia Family Wealth LLC grew its stake 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 valued at $319,000 after buying an additional 97 shares during the period. TFB Advisors LLC grew 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 buying an additional 99 shares during the period. Compagnie Lombard Odier SCmA grew its stake in shares of Morgan Stanley by 0.3% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 33,850 shares of the financial services provider’s stock valued at $3,529,000 after buying an additional 100 shares during the period. Finally, Lansing Street Advisors grew its stake in shares of Morgan Stanley by 0.8% in the 3rd quarter. Lansing Street Advisors now owns 12,284 shares of the financial services provider’s stock valued at $1,280,000 after buying an additional 103 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Morgan Stanley Price Performance

Morgan Stanley stock opened at $134.69 on Friday. Morgan Stanley has a 52 week low of $76.33 and a 52 week high of $135.67. The company’s 50 day moving average price is $116.16 and its two-hundred day moving average price is $105.23. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14. The stock has a market cap of $216.99 billion, a P/E ratio of 20.50, a P/E/G ratio of 1.25 and a beta of 1.34.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.31. The company had revenue of $15.38 billion for the quarter, compared to analysts’ expectations of $14.27 billion. Morgan Stanley had a net margin of 10.64% and a return on equity of 12.58%. On average, equities analysts predict that Morgan Stanley will post 7.32 earnings per share for the current year.

Morgan Stanley Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.925 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 2.75%. Morgan Stanley’s dividend payout ratio (DPR) is presently 56.32%.

Insider Buying and Selling

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 shares were sold at an average price of $119.17, for a total value of $7,150,200.00. Following the sale, the director now owns 138,363 shares of the company’s stock, valued at approximately $16,488,718.71. The trade was a 30.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MS has been the subject of several research reports. Hsbc Global Res upgraded Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Wells Fargo & Company upgraded Morgan Stanley from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $107.00 to $142.00 in a research note on Friday, November 15th. 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 research note on Thursday, October 17th. Royal Bank of Canada lifted their price target on Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group lifted their price target on Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $112.94.

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.