Trifecta Capital Advisors LLC Has $5.39 Million Stake in Morgan Stanley (NYSE:MS)

Trifecta Capital Advisors LLC cut its stake in shares of Morgan Stanley (NYSE:MS) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,695 shares of the financial services provider’s stock after selling 1,054 shares during the quarter. Morgan Stanley makes up approximately 1.1% of Trifecta Capital Advisors LLC’s portfolio, making the stock its 29th biggest position. Trifecta Capital Advisors LLC’s holdings in Morgan Stanley were worth $5,389,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital International Investors lifted its stake in shares of Morgan Stanley by 16.3% in 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 acquiring an additional 3,981,528 shares during the period. Bank of New York Mellon Corp raised its holdings in Morgan Stanley by 2.4% during the 2nd 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 purchasing an additional 303,654 shares during the last quarter. Legal & General Group Plc lifted its position 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 worth $1,029,970,000 after purchasing an additional 212,551 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 valued at $858,573,000 after purchasing an additional 242,896 shares during the last quarter. Finally, Boston Partners increased its position in shares of 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 during the period. Institutional investors own 84.19% of the company’s stock.

Morgan Stanley Stock Down 0.1 %

MS opened at $119.45 on Friday. Morgan Stanley has a fifty-two week low of $69.42 and a fifty-two week high of $121.45. The firm has a market capitalization of $194.13 billion, a P/E ratio of 21.76, a PEG ratio of 1.17 and a beta of 1.36. The company’s 50-day moving average is $102.86 and its 200 day moving average is $99.10. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.78 and a quick ratio of 0.78.

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

Morgan Stanley Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.925 per share. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s payout ratio is 67.40%.

Insider Buying and Selling

In related news, insider Mandell Crawley sold 3,500 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $105.25, for a total transaction of $368,375.00. Following the completion of the sale, the insider now owns 43,224 shares in the company, valued at approximately $4,549,326. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.24% of the stock is owned by insiders.

Analysts Set New Price Targets

MS has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of Morgan Stanley from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, July 17th. Hsbc Global Res upgraded Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Wells Fargo & Company raised their target price on Morgan Stanley from $95.00 to $107.00 and gave the stock an “underweight” rating in a research note on Thursday. Evercore ISI increased their price target on Morgan Stanley from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Finally, BMO Capital Markets increased their target price on shares of Morgan Stanley from $116.00 to $118.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.