Curi RMB Capital LLC Sells 5,027 Shares of Morgan Stanley (NYSE:MS)

Curi RMB Capital LLC decreased its position in shares of Morgan Stanley (NYSE:MS) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,044 shares of the financial services provider’s stock after selling 5,027 shares during the period. Curi RMB Capital LLC’s holdings in Morgan Stanley were worth $18,038,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MS. Capital International Investors raised its position in shares of Morgan Stanley by 16.3% during the 1st quarter. Capital International Investors now owns 28,481,070 shares of the financial services provider’s stock valued at $2,681,778,000 after buying an additional 3,981,528 shares in the last quarter. Bank of New York Mellon Corp raised 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 valued at $1,251,387,000 after purchasing an additional 303,654 shares during the period. Legal & General Group Plc lifted its stake in shares of Morgan Stanley by 2.0% in the 2nd quarter. Legal & General Group Plc now owns 10,597,493 shares of the financial services provider’s stock valued at $1,029,970,000 after purchasing an additional 212,551 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Morgan Stanley by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,834,372 shares of the financial services provider’s stock worth $858,573,000 after purchasing an additional 242,896 shares during the period. Finally, Boston Partners increased its position in shares of Morgan Stanley by 0.8% during the 1st quarter. Boston Partners now owns 7,151,492 shares of the financial services provider’s stock valued at $672,969,000 after purchasing an additional 57,104 shares during the last quarter. 84.19% of the stock is owned by institutional investors.

Insider Activity at Morgan Stanley

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 completion of the transaction, the director now owns 138,363 shares in the company, valued at approximately $16,488,718.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.24% of the stock is currently owned by company insiders.

Morgan Stanley Price Performance

MS stock opened at $132.75 on Thursday. Morgan Stanley has a 52-week low of $76.33 and a 52-week high of $134.65. 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 $213.87 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 1.23 and a beta of 1.34. The business has a fifty day moving average of $111.14 and a two-hundred day moving average of $103.26.

Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.31. Morgan Stanley had a net margin of 10.64% and a return on equity of 12.58%. The business had revenue of $15.38 billion for the quarter, compared to the consensus estimate of $14.27 billion. As a group, research analysts anticipate that Morgan Stanley will post 7.32 earnings per share for the current year.

Morgan Stanley Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.925 per share. This represents a $3.70 annualized dividend and a yield of 2.79%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s payout ratio is 56.32%.

Analyst Ratings Changes

MS has been the topic of a number of analyst reports. Evercore ISI upped their target price on Morgan Stanley from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Hsbc Global Res raised shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Jefferies Financial Group boosted their price target on shares of Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 17th. HSBC raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a report on Friday, October 4th. Finally, Citigroup lifted their price target on Morgan Stanley from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $109.24.

About Morgan Stanley

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.