Morgan Stanley (NYSE:MS) Stake Held by Ledyard National Bank

Ledyard National Bank continued to hold its stake in Morgan Stanley (NYSE:MS) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,001 shares of the financial services provider’s stock at the end of the second quarter. Ledyard National Bank’s holdings in Morgan Stanley were worth $223,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MS. Davidson Investment Advisors boosted its stake in shares of Morgan Stanley by 2.6% in the first quarter. Davidson Investment Advisors now owns 291,525 shares of the financial services provider’s stock worth $12,486,000 after buying an additional 7,462 shares during the last quarter. Westpac Banking Corp boosted its stake in shares of Morgan Stanley by 28.5% in the first quarter. Westpac Banking Corp now owns 330,925 shares of the financial services provider’s stock worth $9,425,000 after buying an additional 73,424 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Morgan Stanley by 113.2% in the first quarter. SG Americas Securities LLC now owns 206,426 shares of the financial services provider’s stock worth $8,843,000 after buying an additional 1,773,467 shares during the last quarter. LGT Capital Partners LTD. boosted its stake in shares of Morgan Stanley by 17.4% in the first quarter. LGT Capital Partners LTD. now owns 292,900 shares of the financial services provider’s stock worth $12,548,000 after buying an additional 43,480 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in Morgan Stanley by 464.6% in the first quarter. Bank of Nova Scotia now owns 351,773 shares of the financial services provider’s stock valued at $15,070,000 after buying an additional 448,250 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Shares of Morgan Stanley (NYSE MS) traded up 0.67% during trading on Friday, reaching $45.39. The company’s stock had a trading volume of 7,284,026 shares. The stock has a market cap of $83.36 billion, a price-to-earnings ratio of 13.00 and a beta of 1.63. Morgan Stanley has a 12-month low of $30.39 and a 12-month high of $48.90. The company has a 50 day moving average of $46.38 and a 200-day moving average of $44.47.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share 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 during the quarter, compared to analyst estimates of $9.05 billion. During the same quarter in the previous year, the business earned $0.75 EPS. Morgan Stanley’s revenue for the quarter was up 6.7% compared to the same quarter last year. Analysts forecast that Morgan Stanley will post $3.50 EPS for the current year.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Thursday, July 27th. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.20. Morgan Stanley’s payout ratio is currently 28.65%.

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Several research firms have recently issued reports on MS. Wells Fargo & Company started coverage on Morgan Stanley in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $48.00 price objective for the company. BMO Capital Markets increased their target price on shares of Morgan Stanley from $58.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday, July 20th. Credit Suisse Group restated a “neutral” rating and set a $49.00 price target (up from $47.00) on shares of Morgan Stanley in a report on Saturday, July 22nd. Macquarie restated an “outperform” rating and set a $52.00 price target (up from $51.00) on shares of Morgan Stanley in a report on Saturday, July 22nd. Finally, Zacks Investment Research upgraded Morgan Stanley from a “sell” rating to a “hold” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $48.57.

In other 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 directly owns 1,602,609 shares in the company, valued at approximately $75,739,301.34. The sale was disclosed in a legal filing with the SEC, which is available at 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 $9,182,329.44. The disclosure for this sale can be found here. 0.35% of the stock is 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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