Trade Report: Today, Sentry Investment Management LLC Increases Position in Morgan Stanley (MS)

Today, Sentry Investment Management LLC Increases Position in Morgan Stanley (MS)

Sentry Investment Management LLC boosted its stake in shares of Morgan Stanley (NYSE:MS) by 2.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 120,356 shares of the financial services provider’s stock after buying an additional 2,326 shares during the period. Sentry Investment Management LLC’s holdings in Morgan Stanley were worth $3,859,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FineMark National Bank & Trust increased its stake in shares of Morgan Stanley by 2.0% in the second quarter. FineMark National Bank & Trust now owns 4,332 shares of the financial services provider’s stock valued at $113,000 after buying an additional 84 shares in the last quarter. First Manhattan Co. increased its stake in shares of Morgan Stanley by 2.4% in the third quarter. First Manhattan Co. now owns 4,294 shares of the financial services provider’s stock valued at $137,000 after buying an additional 100 shares in the last quarter. Assetmark Inc. increased its stake in shares of Morgan Stanley by 291.1% in the second quarter. Assetmark Inc. now owns 5,323 shares of the financial services provider’s stock valued at $138,000 after buying an additional 3,962 shares in the last quarter. Synovus Financial Corp increased its stake in shares of Morgan Stanley by 11.3% in the second quarter. Synovus Financial Corp now owns 5,418 shares of the financial services provider’s stock valued at $141,000 after buying an additional 549 shares in the last quarter. Finally, Trust Co. of Vermont increased its stake in shares of Morgan Stanley by 24.6% in the third quarter. Trust Co. of Vermont now owns 4,597 shares of the financial services provider’s stock valued at $147,000 after buying an additional 907 shares in the last quarter. 85.32% of the stock is owned by institutional investors and hedge funds.

Shares of Morgan Stanley (NYSE:MS) opened at 41.04 on Friday. The stock has a 50 day moving average price of $34.90 and a 200 day moving average price of $30.18. The firm has a market capitalization of $76.86 billion, a PE ratio of 16.50 and a beta of 1.87. Morgan Stanley has a 1-year low of $21.16 and a 1-year high of $41.18.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Wednesday, October 19th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.17. The business had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.17 billion. Morgan Stanley had a return on equity of 7.57% and a net margin of 14.44%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 earnings per share. Equities research analysts anticipate that Morgan Stanley will post $2.71 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, October 27th. Morgan Stanley’s dividend payout ratio is currently 32.00%.

Several brokerages recently issued reports on MS. Vetr downgraded Morgan Stanley from a “hold” rating to a “sell” rating and set a $32.18 price objective for the company. in a research note on Tuesday, November 8th. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Friday, October 21st. Barclays PLC increased their price objective on Morgan Stanley from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 20th. Guggenheim raised Morgan Stanley from a “neutral” rating to a “buy” rating in a research note on Thursday, October 20th. Finally, Citigroup Inc. raised their price target on Morgan Stanley from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, October 10th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company. Morgan Stanley presently has a consensus rating of “Hold” and a consensus price target of $32.59.

In other Morgan Stanley news, COO James A. Rosenthal sold 111,200 shares of the company’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $40.34, for a total transaction of $4,485,808.00. Following the completion of the sale, the chief operating officer now directly owns 294,261 shares in the company, valued at $11,870,488.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel A. Simkowitz sold 60,119 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $37.56, for a total value of $2,258,069.64. Following the sale, the insider now owns 262,784 shares of the company’s stock, valued at $9,870,167.04. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Morgan Stanley Company Profile

Morgan Stanley is a financial holding company. The Company is a global financial services firm that, through its subsidiaries and affiliates, advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. Its segments include Institutional Securities, Wealth Management and Investment Management.

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