Park National Corp OH lowered its position in shares of Morgan Stanley (NYSE:MS) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,537 shares of the financial services provider’s stock after selling 20 shares during the period. Park National Corp OH’s holdings in Morgan Stanley were worth $291,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of MS. Lincluden Management Ltd. increased its position in 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 last quarter. Ibex Wealth Advisors purchased 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 last quarter. Finally, Jackson Grant Investment Advisers Inc. purchased a new position in shares of Morgan Stanley during the fourth quarter worth about $254,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.
Shares of Morgan Stanley (MS) traded up 0.67% during midday trading on Friday, hitting $45.39. 7,284,026 shares of the company were exchanged. The stock has a market capitalization of $83.36 billion, a price-to-earnings ratio of 13.00 and a beta of 1.63. Morgan Stanley has a 52-week low of $30.39 and a 52-week high of $48.90. The company has a 50-day moving average price of $46.38 and a 200-day moving average price of $44.47.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.11. The firm had revenue of $9.50 billion during the quarter, compared to the consensus estimate of $9.05 billion. Morgan Stanley had a return on equity of 9.83% and a net margin of 16.77%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS. On average, analysts forecast that Morgan Stanley will post $3.50 EPS for the current year.
Morgan Stanley declared that its board has initiated a stock buyback program on Wednesday, June 28th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 6.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were paid a dividend of $0.25 per share. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Thursday, July 27th. Morgan Stanley’s dividend payout ratio is presently 28.65%.
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A number of brokerages have recently issued reports on MS. HSBC Holdings plc set a $54.00 price objective on shares of Morgan Stanley and gave the stock a “hold” rating in a research report on Friday, August 11th. Wells Fargo & Company assumed coverage on shares of Morgan Stanley in a research report on Wednesday, August 9th. They set a “market perform” rating and a $48.00 target price on the stock. Zacks Investment Research raised shares of Morgan Stanley from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Macquarie reissued an “outperform” rating and set a $52.00 target price (up previously from $51.00) on shares of Morgan Stanley in a research report on Saturday, July 22nd. Finally, Credit Suisse Group restated a “neutral” rating and set a $49.00 price objective (up from $47.00) on shares of Morgan Stanley in a research note on Saturday, July 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $48.57.
In related news, CFO Jonathan Pruzan sold 25,767 shares of the company’s stock in a transaction on 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 directly owns 196,708 shares in the company, valued at approximately $9,182,329.44. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman James P. Gorman sold 212,366 shares of the company’s stock in a transaction on 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 $75,739,301.34. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.
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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