National Asset Management Inc. raised its stake in Morgan Stanley (NYSE:MS) by 16.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,738 shares of the financial services provider’s stock after buying an additional 1,518 shares during the period. National Asset Management Inc.’s holdings in Morgan Stanley were worth $460,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Lee Danner & Bass Inc. boosted its stake in shares of Morgan Stanley by 0.3% in the first quarter. Lee Danner & Bass Inc. now owns 8,685 shares of the financial services provider’s stock worth $372,000 after buying an additional 22 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of Morgan Stanley by 0.5% in the first quarter. Guardian Life Insurance Co. of America now owns 5,551 shares of the financial services provider’s stock valued at $238,000 after buying an additional 25 shares during the period. First Citizens Bank & Trust Co. boosted its position in shares of Morgan Stanley by 0.4% in the first quarter. First Citizens Bank & Trust Co. now owns 9,488 shares of the financial services provider’s stock valued at $406,000 after buying an additional 34 shares during the period. Park National Corp OH boosted its position in shares of Morgan Stanley by 1.0% in the first quarter. Park National Corp OH now owns 6,557 shares of the financial services provider’s stock valued at $281,000 after buying an additional 65 shares during the period. Finally, Adirondack Trust Co. raised its position in shares of Morgan Stanley by 2.5% in the first quarter. Adirondack Trust Co. now owns 2,824 shares of the financial services provider’s stock valued at $121,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 85.67% of the company’s stock.
Morgan Stanley (NYSE MS) traded down 1.40% during trading on Friday, hitting $45.65. 13,505,797 shares of the company traded hands. The firm has a market cap of $83.84 billion, a P/E ratio of 13.08 and a beta of 1.63. Morgan Stanley has a one year low of $29.31 and a one year high of $48.90. The firm has a 50 day moving average of $46.14 and a 200 day moving average of $44.39.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%. The company had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $9.05 billion. During the same quarter in the previous year, the company earned $0.75 EPS. Morgan Stanley’s revenue was up 6.7% on a year-over-year basis. On average, analysts expect that Morgan Stanley will post $3.50 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be paid a dividend of $0.25 per share. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, July 27th. This represents a $1.00 annualized dividend and a yield of 2.19%. Morgan Stanley’s dividend payout ratio (DPR) is presently 28.65%.
Morgan Stanley announced that its Board of Directors has initiated a share buyback plan on Wednesday, June 28th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 6.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
Several research firms have commented on MS. J P Morgan Chase & Co reiterated a “buy” rating on shares of Morgan Stanley in a research note on Tuesday, May 23rd. Deutsche Bank AG restated a “buy” rating on shares of Morgan Stanley in a research report on Monday, July 3rd. Vetr upgraded Morgan Stanley from a “sell” rating to a “hold” rating and set a $40.50 price objective on the stock in a report on Tuesday, May 23rd. Citigroup Inc. upped their price objective 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 stock a “neutral” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Morgan Stanley has an average rating of “Buy” and an average target price of $48.02.
In related news, CFO Jonathan Pruzan sold 25,767 shares of the business’s 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 transaction, the chief financial officer now directly owns 196,708 shares in the company, valued at $9,182,329.44. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman James P. Gorman sold 212,366 shares of the business’s 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 transaction, the chairman now owns 1,602,609 shares in the company, valued at $75,739,301.34. The disclosure for this sale can be found here. 0.35% of the stock is owned by company 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.
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