Delta Asset Management LLC TN lowered its stake in shares of Morgan Stanley (NYSE:MS) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,557 shares of the financial services provider’s stock after selling 50 shares during the period. Delta Asset Management LLC TN’s holdings in Morgan Stanley were worth $738,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in MS. Wright Investors Service Inc. increased its position in Morgan Stanley by 87.8% in the second quarter. Wright Investors Service Inc. now owns 13,515 shares of the financial services provider’s stock valued at $602,000 after buying an additional 6,320 shares during the period. Cornerstone Financial Partners LLC increased its position in Morgan Stanley by 7.5% in the second quarter. Cornerstone Financial Partners LLC now owns 81,367 shares of the financial services provider’s stock valued at $3,619,000 after buying an additional 5,672 shares during the period. Private Capital Management Inc. increased its position in Morgan Stanley by 8.7% in the second quarter. Private Capital Management Inc. now owns 6,850 shares of the financial services provider’s stock valued at $305,000 after buying an additional 550 shares during the period. BB&T Corp increased its position in Morgan Stanley by 12.8% in the second quarter. BB&T Corp now owns 155,960 shares of the financial services provider’s stock valued at $6,949,000 after buying an additional 17,661 shares during the period. Finally, Bollard Group LLC increased its position in Morgan Stanley by 1.0% in the second quarter. Bollard Group LLC now owns 104,220 shares of the financial services provider’s stock valued at $4,644,000 after buying an additional 1,023 shares during the period. Institutional investors own 85.67% of the company’s stock.
Shares of Morgan Stanley (NYSE MS) traded down 1.40% during mid-day trading on Friday, hitting $45.65. The company had a trading volume of 13,505,797 shares. The firm has a 50-day moving average price of $46.11 and a 200 day moving average price of $44.36. Morgan Stanley has a 52-week low of $28.86 and a 52-week high of $48.90. The firm has a market capitalization of $83.84 billion, a price-to-earnings ratio of 13.08 and a beta of 1.63.
Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.11. The business had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $9.05 billion. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS. Analysts expect that Morgan Stanley will post $3.50 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a dividend of $0.25 per share. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, July 27th. Morgan Stanley’s payout ratio is 28.65%.
Morgan Stanley announced that its board has initiated a stock buyback program on Wednesday, June 28th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 6.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.
A number of equities research analysts have commented on the company. J P Morgan Chase & Co reissued a “buy” rating on shares of Morgan Stanley in a report on Tuesday, May 23rd. Deutsche Bank AG reissued a “buy” rating on shares of Morgan Stanley in a report on Monday, July 3rd. Vetr raised Morgan Stanley from a “sell” rating to a “hold” rating and set a $40.50 price target on the stock in a report on Tuesday, May 23rd. Citigroup Inc. raised their price target on Morgan Stanley from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Tuesday, April 25th. Finally, HSBC Holdings plc set a $54.00 price target on Morgan Stanley and gave the company a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Morgan Stanley presently has a consensus rating of “Buy” and an average price target of $48.02.
In other news, CFO Jonathan Pruzan sold 25,767 shares of Morgan Stanley stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 196,708 shares of the company’s stock, valued at approximately $9,182,329.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman James P. Gorman sold 212,366 shares of Morgan Stanley stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $47.26, for a total transaction of $10,036,417.16. Following the sale, the chairman now directly owns 1,602,609 shares of the company’s stock, valued at $75,739,301.34. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.
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.
What are top analysts saying about Morgan Stanley? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Morgan Stanley and related companies.