Duncker Streett & Co. Inc. lowered its position in shares of Morgan Stanley (NYSE:MS) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,907 shares of the financial services provider’s stock after selling 12 shares during the period. Duncker Streett & Co. Inc.’s holdings in Morgan Stanley were worth $620,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. V Wealth Management LLC purchased a new stake in shares of Morgan Stanley during the second quarter valued at $106,000. Invictus RG purchased a new stake in shares of Morgan Stanley during the first quarter valued at $106,000. FTB Advisors Inc. boosted its stake in shares of Morgan Stanley by 8.1% in the first quarter. FTB Advisors Inc. now owns 2,605 shares of the financial services provider’s stock valued at $112,000 after buying an additional 196 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Morgan Stanley during the first quarter valued at $120,000. Finally, Adirondack Trust Co. boosted its stake 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. Institutional investors and hedge funds own 85.47% of the company’s stock.
Morgan Stanley (MS) opened at 45.39 on Friday. The firm’s 50-day moving average price is $46.38 and its 200-day moving average price is $44.47. Morgan Stanley has a 12 month low of $30.39 and a 12 month high of $48.90. The stock has a market cap of $83.36 billion, a P/E ratio of 13.00 and a beta of 1.63.
Morgan Stanley (NYSE:MS) last released its earnings results 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. Morgan Stanley had a return on equity of 9.83% and a net margin of 16.77%. The company had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $9.05 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. On average, analysts predict that Morgan Stanley will post $3.50 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were given a dividend of $0.25 per share. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, July 27th. This represents a $1.00 annualized dividend and a yield of 2.20%. Morgan Stanley’s payout ratio is presently 28.65%.
Morgan Stanley announced that its Board of Directors has approved a stock buyback program on Wednesday, June 28th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 6.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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Several equities research analysts have weighed in on the company. Wells Fargo & Company assumed coverage on Morgan Stanley in a report on Wednesday, August 9th. They issued a “market perform” rating and a $48.00 target price for the company. HSBC Holdings plc set a $54.00 target price on Morgan Stanley and gave the stock a “hold” rating in a report on Friday, August 11th. Zacks Investment Research cut Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. J P Morgan Chase & Co restated a “buy” rating and set a $53.00 price objective on shares of Morgan Stanley in a research note on Monday, June 26th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $50.00 price objective on shares of Morgan Stanley in a research note on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $48.57.
In other Morgan Stanley news, Chairman James P. Gorman sold 212,366 shares of the business’s stock in a transaction that occurred 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 approximately $75,739,301.34. The transaction 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 stock was sold at an average price of $46.68, for a total value of $1,202,803.56. Following the transaction, the chief financial officer now owns 196,708 shares in the company, valued at approximately $9,182,329.44. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.
About Morgan Stanley
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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