Sumitomo Mitsui Trust Holdings Inc. Sells 68,053 Shares of Morgan Stanley (MS)

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of Morgan Stanley (NYSE:MS) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,120,427 shares of the financial services provider’s stock after selling 68,053 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.23% of Morgan Stanley worth $198,481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Davidson & Garrard Inc. increased its stake in shares of Morgan Stanley by 2.2% during the second quarter. Davidson & Garrard Inc. now owns 5,525 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 120 shares during the period. Calamos Wealth Management LLC acquired a new position in shares of Morgan Stanley during the second quarter valued at approximately $1,412,000. BB&T Corp increased its stake in shares of Morgan Stanley by 9.7% during the third quarter. BB&T Corp now owns 171,122 shares of the financial services provider’s stock valued at $8,243,000 after acquiring an additional 15,162 shares during the period. CAPROCK Group Inc. acquired a new position in shares of Morgan Stanley during the third quarter valued at approximately $220,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Morgan Stanley by 22.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 346,677 shares of the financial services provider’s stock valued at $15,449,000 after acquiring an additional 63,755 shares during the period. 86.30% of the stock is currently owned by institutional investors.

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Several research firms have issued reports on MS. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Morgan Stanley in a research report on Tuesday, October 17th. set a $54.00 price target on shares of Morgan Stanley and gave the stock a “hold” rating in a research report on Friday, August 11th. Wells Fargo & Company began coverage on shares of Morgan Stanley in a research report on Wednesday, August 9th. They issued a “market perform” rating and a $48.00 price target on the stock. Berenberg Bank restated a “hold” rating and issued a $40.00 price target on shares of Morgan Stanley in a research report on Thursday, September 21st. Finally, Buckingham Research lifted their price target on shares of Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $50.39.

In related news, President Thomas Colm Kelleher sold 40,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $50.59, for a total value of $2,023,600.00. Following the sale, the president now owns 692,037 shares of the company’s stock, valued at $35,010,151.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey S. Brodsky sold 16,397 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $50.07, for a total transaction of $820,997.79. Following the completion of the sale, the insider now directly owns 111,776 shares in the company, valued at approximately $5,596,624.32. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Morgan Stanley (NYSE:MS) traded down $0.30 during trading hours on Wednesday, hitting $48.08. 5,571,126 shares of the stock traded hands, compared to its average volume of 9,527,283. Morgan Stanley has a one year low of $38.40 and a one year high of $51.52. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $87,918.13, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 1.12 and a beta of 1.66.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.12. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.05 billion. During the same quarter in the previous year, the firm posted $0.80 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. research analysts forecast that Morgan Stanley will post 3.57 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.08%. Morgan Stanley’s payout ratio is currently 27.70%.

Morgan Stanley Company Profile

Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.

Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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