Following the completion of the transaction, the chief executive officer now directly owns 1,249,000 shares in the company, valued at $91,326,880. At an analyst call to discuss the deal, the CEO said Morgan Stanley had been looking at the deal for "several years". Insiders own 0.26% of the company’s stock. Morgan Stanley is buying online brokerage E-Trade in an all-stock deal valued at about $13 billion. The headquarters of Morgan Stanley in New York. Following the transaction, the insider now owns 174,603 shares of the company’s stock, valued at $13,020,145.71. Under the agreement, Morgan Stanley will … Also, insider Jeffrey S. Brodsky sold 18,500 shares of the business’s stock in a transaction that occurred on Thursday, January 21st. Bank of The West raised its position in Morgan Stanley by 3.2% in the fourth quarter. Got a confidential news tip? Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in the Morgan Stanley Building, Midtown Manhattan, New York City.With offices in more than 42 countries and more than 60,000 employees, the firm's clients include corporations, governments, institutions, and individuals. In the all-stock deal announced Thursday, Feb. 20, 2020, E*Trade shareholders will receive 1.0432 Morgan Stanley shares for each share they own. And this shouldn't be super surprising, I … The acquisition combines Solium’s best in class technology, global operations and customer service with Morgan Stanley’s existing equity management and Workplace Wealth businesses. The numbers: With Eaton Vance, Morgan Stanley’s investment management division would oversee roughly $1.2 trillion in assets and generate more than $5 billion in sales. The company operates through Institutional Securities, Wealth Management, and Investment Management segments. As you can see in the following chart, the majority of Morgan Stanley's 1.97 billion shares are held by institutional investors. This represents a $1.40 dividend on an annualized basis and a yield of 1.86%. Independence Bank of Kentucky now owns 2,586 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 1,386 shares during the period. Independence Bank of Kentucky raised its position in Morgan Stanley by 115.5% in the fourth quarter. Data is a real-time snapshot *Data is delayed at least 15 minutes. The institutional investor owned 8,891,360 shares of the financial services provider’s stock after acquiring an additional 1,414,257 shares during the quarter. Morgan Stanley Buys Online Discount Brokerage E*Trade Wall Street moves a little closer to Main Street with Morgan Stanley's acquisition of discount brokerage E*Trade. "We're not doing more acquisitions, we've made our bed, we're going to lie in it.". The firm has a market capitalization of $135.98 billion, a PE ratio of 12.82, a P/E/G ratio of 2.17 and a beta of 1.59. The deal represents a premium of 38% to Eaton's last closing price on Wednesday. But let's start with the big deal of the day, and that is Morgan Stanley buying E*Trade. Calamos Wealth Management LLC now owns 13,005 shares of the financial services provider’s stock valued at $891,000 after purchasing an additional 1,472 shares during the period. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Washington Trust Bank acquired a new stake in Morgan Stanley (NYSE:MS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). CENTRAL TRUST Co boosted its stake in shares of Morgan Stanley (NYSE:MS) by 24.8% in the fourth quarter, according to its most recent disclosure with the SEC. Morgan Stanley has a fifty-two week low of $27.20 and a fifty-two week high of $77.76. Eaton's shares jumped 36.3% to $55.79, while Morgan Stanley was down 2.6% in premarket trading. Morgan Stanley is a hedge fund with 223 clients and discretionary assets under management (AUM) of $145,708,941,385 (Form ADV from 2020-10-07). A Division of NBCUniversal. The stock was sold at an average price of $74.57, for a total value of $1,379,545.00. Morgan Stanley accounts for approximately […] Morgan Stanley MS recently entered into an all-stock acquisition deal with Arlington, VA-based E*TRADE Financial ETFC, per which the former will acquire the latter for $13 billion. CENTRAL TRUST Co’s holdings in Morgan Stanley were […] Other large investors also recently added to or … The stock has a 50 day moving average price of $72.57 and a 200 day moving average price of $58.96. Morgan Stanley said Thursday that it is buying online brokerage E*Trade for about $13 billion, a sign that Wall Street banks continue to covet Main Street customers.
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