Congress Park Capital LLC Has $383,000 Stake in Morgan Stanley (NYSE:MS)

Congress Park Capital LLC decreased its position in shares of Morgan Stanley (NYSE:MS) by 48.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,675 shares of the financial services provider’s stock after selling 3,479 shares during the quarter. Congress Park Capital LLC’s holdings in Morgan Stanley were worth $383,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. DRW Securities LLC raised its position in Morgan Stanley by 247.2% during the 4th quarter. DRW Securities LLC now owns 22,335 shares of the financial services provider’s stock worth $2,083,000 after purchasing an additional 15,903 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of Morgan Stanley in the 1st quarter worth about $2,660,000. Resonant Capital Advisors LLC raised its position in shares of Morgan Stanley by 17.8% in the 2nd quarter. Resonant Capital Advisors LLC now owns 5,768 shares of the financial services provider’s stock worth $561,000 after acquiring an additional 871 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Morgan Stanley by 115.0% in the 1st quarter. Cetera Investment Advisers now owns 223,668 shares of the financial services provider’s stock worth $20,305,000 after acquiring an additional 119,633 shares in the last quarter. Finally, AIA Group Ltd raised its position in shares of Morgan Stanley by 96.6% in the 1st quarter. AIA Group Ltd now owns 33,598 shares of the financial services provider’s stock worth $3,164,000 after acquiring an additional 16,507 shares in the last quarter. 84.19% of the stock is owned by institutional investors.

Morgan Stanley Price Performance

Shares of Morgan Stanley stock traded up $2.93 during trading on Friday, hitting $111.01. The stock had a trading volume of 2,480,240 shares, compared to its average volume of 7,010,368. The firm has a market cap of $180.41 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 1.17 and a beta of 1.36. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.96. Morgan Stanley has a 12 month low of $69.42 and a 12 month high of $111.47. The business’s 50-day moving average is $100.73 and its 200 day moving average is $98.34.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.65 by $0.17. The firm had revenue of $15.02 billion for the quarter, compared to analyst estimates of $14.32 billion. Morgan Stanley had a return on equity of 11.85% and a net margin of 10.17%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.24 EPS. As a group, sell-side analysts anticipate that Morgan Stanley will post 6.95 earnings per share for the current year.

Morgan Stanley Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were given a $0.925 dividend. This represents a $3.70 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Wednesday, July 31st. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.85. Morgan Stanley’s dividend payout ratio (DPR) is presently 60.96%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays lifted their price objective on Morgan Stanley from $116.00 to $121.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. UBS Group lifted their price objective on Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a research report on Tuesday. HSBC raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research report on Friday, October 4th. Hsbc Global Res raised Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Oppenheimer lowered Morgan Stanley from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $103.06.

Insiders Place Their Bets

In other news, Director Robert H. Herz sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $106.62, for a total transaction of $106,620.00. Following the completion of the sale, the director now owns 95,908 shares of the company’s stock, valued at approximately $10,225,710.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Robert H. Herz sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $106.62, for a total transaction of $106,620.00. Following the completion of the sale, the director now owns 95,908 shares of the company’s stock, valued at approximately $10,225,710.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Raja Akram sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $106.37, for a total value of $797,775.00. Following the transaction, the chief financial officer now owns 87,119 shares of the company’s stock, valued at approximately $9,266,848.03. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 252,000 shares of company stock valued at $26,546,370 over the last three months. Insiders own 0.24% of the company’s stock.

About Morgan Stanley

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.