Pzena Investment Management LLC Sells 90,725 Shares of Morgan Stanley (NYSE:MS)

Pzena Investment Management LLC cut its holdings in Morgan Stanley (NYSE:MS) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,895,359 shares of the financial services provider’s stock after selling 90,725 shares during the period. Morgan Stanley accounts for approximately 2.1% of Pzena Investment Management LLC’s portfolio, making the stock its 16th biggest holding. Pzena Investment Management LLC owned 0.53% of Morgan Stanley worth $389,706,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC boosted its stake in Morgan Stanley by 110.8% in the 1st quarter. SG Americas Securities LLC now owns 269,751 shares of the financial services provider’s stock worth $11,383,000 after purchasing an additional 2,767,524 shares during the period. FIL Ltd increased its stake in Morgan Stanley by 60.7% in the first quarter. FIL Ltd now owns 5,491,388 shares of the financial services provider’s stock valued at $231,737,000 after acquiring an additional 2,074,400 shares during the last quarter. FMR LLC increased its stake in Morgan Stanley by 7.0% in the first quarter. FMR LLC now owns 25,890,003 shares of the financial services provider’s stock valued at $1,092,558,000 after acquiring an additional 1,687,819 shares during the last quarter. Janus Henderson Group PLC boosted its position in Morgan Stanley by 29.6% in the first quarter. Janus Henderson Group PLC now owns 7,378,953 shares of the financial services provider’s stock valued at $311,396,000 after buying an additional 1,686,321 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Morgan Stanley by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 16,970,026 shares of the financial services provider’s stock valued at $671,686,000 after buying an additional 956,583 shares in the last quarter. Institutional investors and hedge funds own 84.14% of the company’s stock.

A number of equities analysts recently weighed in on the stock. ValuEngine downgraded shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. TheStreet downgraded shares of Morgan Stanley from a “b” rating to a “c+” rating in a research note on Wednesday. Oppenheimer set a $65.00 price target on shares of Morgan Stanley and gave the company a “buy” rating in a research note on Friday, July 19th. Royal Bank of Canada set a $60.00 price target on shares of Morgan Stanley and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, BMO Capital Markets set a $69.00 price target on shares of Morgan Stanley and gave the company a “buy” rating in a research note on Friday, July 19th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $56.92.



Shares of NYSE:MS traded up $1.00 during midday trading on Friday, hitting $40.11. 5,427,409 shares of the company’s stock were exchanged, compared to its average volume of 10,307,014. Morgan Stanley has a 12 month low of $36.74 and a 12 month high of $50.42. The company has a market cap of $67.25 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 1.04 and a beta of 1.32. The stock has a 50 day moving average price of $43.40 and a 200-day moving average price of $43.54. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.77 and a quick ratio of 0.77.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.10. The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.02 billion. Morgan Stanley had a net margin of 16.06% and a return on equity of 11.04%. Morgan Stanley’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.30 EPS. On average, analysts anticipate that Morgan Stanley will post 4.78 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a dividend of $0.35 per share. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date was Tuesday, July 30th. Morgan Stanley’s dividend payout ratio is presently 30.37%.

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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.

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

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