Morgan Stanley (NYSE:MS) Shares Purchased by Appleton Partners Inc. MA

Appleton Partners Inc. MA increased its holdings in Morgan Stanley (NYSE:MS) by 18.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 79,012 shares of the financial services provider’s stock after buying an additional 12,365 shares during the period. Appleton Partners Inc. MA’s holdings in Morgan Stanley were worth $7,689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Marino Stram & Associates LLC acquired a new stake in shares of Morgan Stanley during the 3rd quarter worth approximately $455,000. Procyon Private Wealth Partners LLC grew its stake in shares of Morgan Stanley by 2.8% during the 3rd quarter. Procyon Private Wealth Partners LLC now owns 14,228 shares of the financial services provider’s stock worth $1,385,000 after purchasing an additional 382 shares during the period. Columbia Trust Co 01012016 grew its stake in shares of Morgan Stanley by 2.1% during the 3rd quarter. Columbia Trust Co 01012016 now owns 10,555 shares of the financial services provider’s stock worth $1,027,000 after purchasing an additional 214 shares during the period. Northwest Bancshares Inc. acquired a new stake in shares of Morgan Stanley during the 3rd quarter worth approximately $205,000. Finally, Five Oceans Advisors purchased a new position in shares of Morgan Stanley during the 3rd quarter valued at approximately $280,000. 84.63% of the stock is currently owned by institutional investors and hedge funds.

NYSE MS traded down $0.74 during mid-day trading on Thursday, reaching $101.12. 7,146,439 shares of the company’s stock traded hands, compared to its average volume of 9,774,691. Morgan Stanley has a 1-year low of $61.59 and a 1-year high of $105.95. The company has a fifty day simple moving average of $100.39 and a 200-day simple moving average of $96.71. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.31. The company has a market cap of $181.45 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 1.73 and a beta of 1.56.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Thursday, October 14th. The financial services provider reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.30. Morgan Stanley had a return on equity of 15.41% and a net margin of 24.42%. The firm had revenue of $14.75 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter last year, the firm earned $1.59 EPS. Morgan Stanley’s quarterly revenue was up 26.6% on a year-over-year basis. Equities research analysts forecast that Morgan Stanley will post 7.97 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 15th. Shareholders of record on Friday, October 29th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Thursday, October 28th. Morgan Stanley’s dividend payout ratio is presently 35.76%.

A number of research analysts have recently issued reports on the company. Oppenheimer lowered Morgan Stanley from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 29th. They noted that the move was a valuation call. TheStreet upgraded Morgan Stanley from a “c+” rating to a “b-” rating in a research report on Monday, November 8th. Berenberg Bank set a $95.00 target price on Morgan Stanley and gave the company a “hold” rating in a research report on Tuesday, September 28th. They noted that the move was a valuation call. BMO Capital Markets increased their target price on Morgan Stanley from $107.00 to $109.00 and gave the company an “outperform” rating in a research report on Friday, October 15th. Finally, JMP Securities reiterated a “hold” rating on shares of Morgan Stanley in a research report on Tuesday, October 26th. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $101.26.

In other Morgan Stanley news, Director Alistair Darling sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 9th. The stock was sold at an average price of $99.46, for a total transaction of $99,460.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.23% of the company’s stock.

Morgan Stanley Profile

Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following segments: Institutional Securities, Wealth Management, and Investment Management.

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

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