Livforsakringsbolaget Skandia Omsesidigt Continues to Hold Position in Morgan Stanley (NYSE:MS)

Livforsakringsbolaget Skandia Omsesidigt held its stake in Morgan Stanley (NYSE:MS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,714 shares of the financial services provider’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Morgan Stanley were worth $3,597,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in MS. Lincluden Management Ltd. increased its position in shares of Morgan Stanley by 13.4% in the fourth quarter. Lincluden Management Ltd. now owns 257,628 shares of the financial services provider’s stock worth $10,885,000 after buying an additional 30,533 shares during the period. Quadrature Capital Ltd increased its position in shares of Morgan Stanley by 130.8% in the fourth quarter. Quadrature Capital Ltd now owns 14,700 shares of the financial services provider’s stock worth $621,000 after buying an additional 8,330 shares during the period. Ibex Wealth Advisors acquired a new position in shares of Morgan Stanley during the fourth quarter worth about $3,200,000. Wealthfront Inc. increased its position in shares of Morgan Stanley by 16.5% in the fourth quarter. Wealthfront Inc. now owns 55,689 shares of the financial services provider’s stock worth $2,353,000 after buying an additional 7,886 shares during the period. Finally, Jackson Grant Investment Advisers Inc. acquired a new position in shares of Morgan Stanley during the fourth quarter worth about $254,000. Hedge funds and other institutional investors own 85.67% of the company’s stock.

Shares of Morgan Stanley (NYSE:MS) opened at 45.65 on Friday. The company’s 50 day moving average price is $46.14 and its 200-day moving average price is $44.39. Morgan Stanley has a 1-year low of $29.31 and a 1-year high of $48.90. The firm has a market cap 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 results on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.11. Morgan Stanley had a return on equity of 9.83% and a net margin of 16.77%. The firm had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.05 billion. During the same quarter last year, the business posted $0.75 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities analysts expect that Morgan Stanley will post $3.50 EPS for the current fiscal year.

Morgan Stanley declared that its board has approved a share repurchase program on Wednesday, June 28th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 6.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.19%. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.20. Morgan Stanley’s payout ratio is currently 28.65%.

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A number of equities analysts recently issued reports on the company. J P Morgan Chase & Co reaffirmed 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. Citigroup Inc. increased 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. Vetr raised Morgan Stanley from a “sell” rating to a “hold” rating and set a $40.50 price objective for the company in a report on Tuesday, May 23rd. Finally, HSBC Holdings plc set a $54.00 price objective on Morgan Stanley and gave the company a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $48.02.

In related news, CFO Jonathan Pruzan sold 25,767 shares of Morgan Stanley stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $46.68, for a total transaction of $1,202,803.56. Following the completion of the transaction, the chief financial officer now owns 196,708 shares in the company, valued at $9,182,329.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman James P. Gorman sold 212,366 shares of Morgan Stanley stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $47.26, for a total value of $10,036,417.16. Following the transaction, the chairman now owns 1,602,609 shares of the company’s stock, valued at approximately $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.

Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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