Dana Investment Advisors Inc. Sells 18,689 Shares of Morgan Stanley (MS)

Dana Investment Advisors Inc. reduced its stake in shares of Morgan Stanley (NYSE:MS) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 698,768 shares of the financial services provider’s stock after selling 18,689 shares during the quarter. Morgan Stanley accounts for 1.6% of Dana Investment Advisors Inc.’s holdings, making the stock its 17th largest position. Dana Investment Advisors Inc.’s holdings in Morgan Stanley were worth $33,660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MS. Coldstream Capital Management Inc. purchased a new stake in shares of Morgan Stanley in the third quarter valued at approximately $268,000. Piedmont Investment Advisors LLC boosted its stake in shares of Morgan Stanley by 0.9% in the third quarter. Piedmont Investment Advisors LLC now owns 285,183 shares of the financial services provider’s stock worth $13,737,000 after acquiring an additional 2,595 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Morgan Stanley by 3.8% in the third quarter. California Public Employees Retirement System now owns 3,270,868 shares of the financial services provider’s stock worth $157,558,000 after acquiring an additional 118,358 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Morgan Stanley by 36.5% in the third quarter. Janney Montgomery Scott LLC now owns 18,910 shares of the financial services provider’s stock worth $911,000 after acquiring an additional 5,054 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Morgan Stanley by 26.2% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 102,030 shares of the financial services provider’s stock worth $4,943,000 after acquiring an additional 21,187 shares during the last quarter. Institutional investors own 85.60% of the company’s stock.

Morgan Stanley (NYSE:MS) traded up $1.08 during mid-day trading on Wednesday, hitting $53.85. The company had a trading volume of 8,151,900 shares, compared to its average volume of 9,361,044. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market cap of $95,402.84, a P/E ratio of 14.62, a PEG ratio of 1.24 and a beta of 1.64. Morgan Stanley has a 52-week low of $40.06 and a 52-week high of $54.10.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.12. The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.05 billion. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 EPS. sell-side analysts expect that Morgan Stanley will post 3.57 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were issued a $0.25 dividend. The ex-dividend date was Monday, October 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.86%. Morgan Stanley’s dividend payout ratio is presently 27.70%.

In other Morgan Stanley news, President Thomas Colm Kelleher sold 40,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the sale, the president now owns 692,037 shares in the company, valued at approximately $35,010,151.83. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alistair Darling sold 3,850 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $49.29, for a total value of $189,766.50. Following the sale, the director now owns 14,218 shares in the company, valued at approximately $700,805.22. The disclosure for this sale can be found here. Insiders sold a total of 85,247 shares of company stock worth $4,284,364 in the last quarter. Company insiders own 0.24% of the company’s stock.

A number of analysts have recently issued reports on MS shares. Credit Suisse Group raised Morgan Stanley from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $49.00 to $54.00 in a research note on Monday, October 9th. ValuEngine lowered Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Friday, October 20th. Barclays boosted their price objective on Morgan Stanley from $48.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Finally, Buckingham Research boosted their price objective on Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $50.89.

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About Morgan Stanley

Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.

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

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