MAI Capital Management Reduces Stock Position in Morgan Stanley (NYSE:MS)

MAI Capital Management lowered its stake in Morgan Stanley (NYSE:MSGet Rating) by 8.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,132 shares of the financial services provider’s stock after selling 1,611 shares during the quarter. MAI Capital Management’s holdings in Morgan Stanley were worth $1,585,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AIA Group Ltd boosted its stake in shares of Morgan Stanley by 50.7% during the 1st quarter. AIA Group Ltd now owns 9,423 shares of the financial services provider’s stock worth $824,000 after acquiring an additional 3,171 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of Morgan Stanley by 15.5% during the 1st quarter. Private Trust Co. NA now owns 9,584 shares of the financial services provider’s stock worth $838,000 after acquiring an additional 1,283 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Morgan Stanley by 1.8% during the 1st quarter. Signaturefd LLC now owns 23,755 shares of the financial services provider’s stock worth $2,076,000 after acquiring an additional 415 shares during the last quarter. Northwest Bancshares Inc. boosted its stake in shares of Morgan Stanley by 28.4% during the 1st quarter. Northwest Bancshares Inc. now owns 2,709 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 600 shares during the last quarter. Finally, Wealth Advisors of Iowa LLC purchased a new position in shares of Morgan Stanley during the 4th quarter worth $270,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Morgan Stanley Stock Performance

Morgan Stanley stock opened at $91.82 on Wednesday. The company’s 50-day moving average price is $80.17 and its 200-day moving average price is $85.93. Morgan Stanley has a twelve month low of $72.05 and a twelve month high of $109.73. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.38. The company has a market cap of $157.64 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.72 and a beta of 1.41.

Morgan Stanley (NYSE:MSGet Rating) last posted its earnings results on Thursday, July 14th. The financial services provider reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.32). Morgan Stanley had a return on equity of 14.33% and a net margin of 22.76%. The business had revenue of $13.13 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter last year, the firm earned $1.89 earnings per share. The business’s quarterly revenue was down 11.0% on a year-over-year basis. On average, equities research analysts forecast that Morgan Stanley will post 6.69 EPS for the current fiscal year.

Morgan Stanley declared that its board has approved a share repurchase program on Monday, June 27th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 14.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Morgan Stanley Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 29th were paid a dividend of $0.775 per share. The ex-dividend date of this dividend was Thursday, July 28th. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.70. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.38%. Morgan Stanley’s payout ratio is currently 41.89%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MS shares. Wells Fargo & Company decreased their price objective on shares of Morgan Stanley from $91.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, July 1st. Piper Sandler decreased their price objective on shares of Morgan Stanley from $100.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, July 1st. Royal Bank of Canada decreased their price objective on shares of Morgan Stanley from $97.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 28th. The Goldman Sachs Group set a $105.00 price objective on shares of Morgan Stanley in a research report on Wednesday, April 20th. Finally, Barclays decreased their price objective on shares of Morgan Stanley from $123.00 to $108.00 and set an “overweight” rating on the stock in a research report on Friday, July 15th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $100.75.

About Morgan Stanley

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Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Institutional Securities, Wealth Management, and Investment Management segments.

See Also

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

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