National Pension Service boosted its stake in Morgan Stanley (NYSE:MS) by 6.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,118,712 shares of the financial services provider’s stock after buying an additional 65,755 shares during the period. National Pension Service owned approximately 0.06% of Morgan Stanley worth $50,062,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MS. Davidson Investment Advisors boosted its position in Morgan Stanley by 2.6% in the first quarter. Davidson Investment Advisors now owns 291,525 shares of the financial services provider’s stock valued at $12,486,000 after buying an additional 7,462 shares in the last quarter. Westpac Banking Corp boosted its position in Morgan Stanley by 28.5% in the first quarter. Westpac Banking Corp now owns 330,925 shares of the financial services provider’s stock valued at $9,425,000 after buying an additional 73,424 shares in the last quarter. SG Americas Securities LLC boosted its position in Morgan Stanley by 113.2% in the first quarter. SG Americas Securities LLC now owns 206,426 shares of the financial services provider’s stock valued at $8,843,000 after buying an additional 1,773,467 shares in the last quarter. LGT Capital Partners LTD. boosted its position in Morgan Stanley by 17.4% in the first quarter. LGT Capital Partners LTD. now owns 292,900 shares of the financial services provider’s stock valued at $12,548,000 after buying an additional 43,480 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its position in Morgan Stanley by 7.1% in the first quarter. Capital Investment Advisors LLC now owns 10,859 shares of the financial services provider’s stock valued at $465,000 after buying an additional 724 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.
Morgan Stanley (NYSE:MS) traded up 0.547% during mid-day trading on Monday, hitting $46.915. 1,674,328 shares of the stock traded hands. Morgan Stanley has a 12-month low of $27.79 and a 12-month high of $48.04. The stock has a 50 day moving average price of $45.48 and a 200 day moving average price of $44.09. The firm has a market cap of $86.32 billion, a PE ratio of 13.435 and a beta of 1.62.
Morgan Stanley (NYSE:MS) last released its earnings results on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.11. The business had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.05 billion. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.86%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. On average, analysts expect that Morgan Stanley will post $3.52 earnings per share for the current fiscal year.
Morgan Stanley declared that its Board of Directors has approved a share buyback plan on Wednesday, June 28th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 6.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a $0.25 dividend. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Thursday, July 27th. Morgan Stanley’s dividend payout ratio (DPR) is 28.65%.
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Several research analysts recently issued reports on MS shares. Zacks Investment Research cut shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. J P Morgan Chase & Co reissued a “buy” rating on shares of Morgan Stanley in a report on Monday, May 29th. Instinet reissued a “buy” rating and set a $50.00 price target (down from $51.00) on shares of Morgan Stanley in a report on Saturday, June 3rd. Rafferty Capital Markets reissued a “buy” rating and set a $50.00 price target on shares of Morgan Stanley in a report on Saturday, April 22nd. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Morgan Stanley in a report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Morgan Stanley currently has an average rating of “Buy” and a consensus price target of $47.61.
In related news, Chairman James P. Gorman sold 212,365 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $42.93, for a total transaction of $9,116,829.45. Following the transaction, the chairman now directly owns 1,389,378 shares of the company’s stock, valued at $59,645,997.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jonathan Pruzan sold 25,767 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $46.68, for a total transaction of $1,202,803.56. Following the transaction, the chief financial officer now directly owns 196,708 shares in the company, valued at $9,182,329.44. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
Morgan Stanley Company Profile
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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