Today, Pzena Investment Management LLC Reached $363,640,000 position of Morgan Stanley (MS)

Today, Pzena Investment Management LLC Reached $363,640,000 position  of Morgan Stanley (MS)
Pzena Investment Management LLC reduced its stake in shares of Morgan Stanley (NYSE:MS) by 12.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,342,485 shares of the financial services provider’s stock after selling 1,550,172 shares during the period. Morgan Stanley makes up about 2.2% of Pzena Investment Management LLC’s portfolio, making the stock its 12th largest position. Pzena Investment Management LLC owned 0.60% of Morgan Stanley worth $363,640,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Artemis Investment Management LLP raised its stake in shares of Morgan Stanley by 32.1% in the second quarter. Artemis Investment Management LLP now owns 700,000 shares of the financial services provider’s stock valued at $18,197,000 after buying an additional 170,000 shares in the last quarter. Matrix Asset Advisors Inc. NY raised its stake in shares of Morgan Stanley by 0.7% in the second quarter. Matrix Asset Advisors Inc. NY now owns 407,053 shares of the financial services provider’s stock valued at $10,575,000 after buying an additional 2,918 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of Morgan Stanley by 28.1% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,344,404 shares of the financial services provider’s stock valued at $34,928,000 after buying an additional 294,902 shares in the last quarter. Boston Advisors LLC raised its stake in shares of Morgan Stanley by 36.8% in the second quarter. Boston Advisors LLC now owns 821,395 shares of the financial services provider’s stock valued at $21,340,000 after buying an additional 220,974 shares in the last quarter. Finally, Sadoff Investment Management LLC raised its stake in shares of Morgan Stanley by 1.4% in the third quarter. Sadoff Investment Management LLC now owns 722,425 shares of the financial services provider’s stock valued at $23,161,000 after buying an additional 9,960 shares in the last quarter. Hedge funds and other institutional investors own 85.32% of the company’s stock.

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

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Wednesday, October 19th. The financial services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.17. The company 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 company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 earnings per share. Analysts expect that Morgan Stanley will post $2.71 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were issued 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 was Thursday, October 27th. Morgan Stanley’s payout ratio is 32.00%.

MS has been the subject of a number of recent research reports. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Wednesday, October 5th. Barclays PLC reiterated an “equal weight” rating and issued a $32.00 target price on shares of Morgan Stanley in a research note on Wednesday, October 12th. Vetr lowered Morgan Stanley from a “hold” rating to a “sell” rating and set a $32.18 target price for the company. in a research note on Monday, October 24th. JPMorgan Chase & Co. set a $32.00 target price on Morgan Stanley and gave the company a “buy” rating in a research note on Thursday, September 22nd. Finally, Argus increased their target price on Morgan Stanley from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $32.59.

In other news, CFO Paul C. Wirth sold 18,929 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $31.70, for a total value of $600,049.30. Following the transaction, the chief financial officer now directly owns 195,748 shares of the company’s stock, valued at approximately $6,205,211.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Stanley Morgan sold 357 shares of the business’s stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $23,750.00, for a total value of $8,478,750.00. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.

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