Today: Today: White Pine Investment CO lowers its Position in Morgan Stanley (MS)

Today: White Pine Investment CO lowers its Position in Morgan Stanley (MS)

White Pine Investment CO lowered its stake in shares of Morgan Stanley (NYSE:MS) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,380 shares of the financial services provider’s stock after selling 940 shares during the period. Morgan Stanley comprises 2.2% of White Pine Investment CO’s portfolio, making the stock its 17th largest position. White Pine Investment CO’s holdings in Morgan Stanley were worth $3,763,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. ValueAct Holdings L.P. acquired a new stake in Morgan Stanley during the second quarter worth $987,240,000. Janus Capital Management LLC raised its stake in Morgan Stanley by 94.6% in the second quarter. Janus Capital Management LLC now owns 8,133,460 shares of the financial services provider’s stock worth $211,307,000 after buying an additional 3,953,641 shares during the last quarter. Carlson Capital L P raised its stake in Morgan Stanley by 120.0% in the second quarter. Carlson Capital L P now owns 4,950,000 shares of the financial services provider’s stock worth $128,601,000 after buying an additional 2,700,000 shares during the last quarter. FMR LLC raised its stake in Morgan Stanley by 9.5% in the second quarter. FMR LLC now owns 25,261,255 shares of the financial services provider’s stock worth $656,286,000 after buying an additional 2,191,933 shares during the last quarter. Finally, APG Asset Management N.V. raised its stake in Morgan Stanley by 269.0% in the third quarter. APG Asset Management N.V. now owns 2,955,482 shares of the financial services provider’s stock worth $94,753,000 after buying an additional 2,154,600 shares during the last quarter. 83.90% of the stock is currently owned by institutional investors.

Morgan Stanley (NYSE:MS) opened at 41.10 on Monday. The company has a market cap of $76.97 billion, a price-to-earnings ratio of 16.52 and a beta of 1.87. The company’s 50-day moving average is $35.22 and its 200 day moving average is $30.29. Morgan Stanley has a 52-week low of $21.16 and a 52-week high of $41.20.

Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Wednesday, October 19th. The financial services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.17. The business had revenue of $8.91 billion for the quarter, compared to analysts’ expectations of $8.17 billion. Morgan Stanley had a net margin of 14.44% and a return on equity of 7.57%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. Equities analysts forecast 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 issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, October 27th. Morgan Stanley’s dividend payout ratio (DPR) is currently 32.00%.

MS has been the topic of a number of research reports. Citigroup Inc. boosted their target price on shares of Morgan Stanley from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, October 10th. Barclays PLC upped their price objective on shares of Morgan Stanley from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, October 20th. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Friday, October 21st. JPMorgan Chase & Co. set a $32.00 price objective on shares of Morgan Stanley and gave the company a “buy” rating in a research note on Thursday, September 22nd. Finally, Vetr lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating and set a $32.18 price objective on the stock. in a research note on Tuesday, November 8th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $32.59.

In other news, President Thomas Colm Kelleher sold 222,712 shares of the business’s stock in a transaction on Thursday, October 20th. The shares were sold at an average price of $32.90, for a total transaction of $7,327,224.80. Following the sale, the president now owns 863,334 shares in the company, valued at approximately $28,403,688.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Paul C. Wirth sold 18,929 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $31.70, for a total transaction of $600,049.30. Following the sale, the chief financial officer now owns 195,748 shares in the company, valued at approximately $6,205,211.60. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

About Morgan Stanley

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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