Telos Capital Management Inc. boosted its position in Morgan Stanley (NYSE:MS) by 6.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,116 shares of the financial services provider’s stock after buying an additional 3,211 shares during the period. Telos Capital Management Inc.’s holdings in Morgan Stanley were worth $2,501,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Morgan Stanley by 2,798.9% in the first quarter. BlackRock Inc. now owns 101,168,197 shares of the financial services provider’s stock worth $4,334,046,000 after buying an additional 97,678,337 shares during the period. FMR LLC boosted its stake in shares of Morgan Stanley by 16.9% in the first quarter. FMR LLC now owns 46,221,986 shares of the financial services provider’s stock worth $1,980,150,000 after buying an additional 6,692,676 shares during the period. Epoch Investment Partners Inc. purchased a new stake in shares of Morgan Stanley during the first quarter worth about $215,402,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Morgan Stanley by 64.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 11,162,183 shares of the financial services provider’s stock worth $478,188,000 after buying an additional 4,380,706 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Morgan Stanley by 4.9% in the first quarter. Vanguard Group Inc. now owns 92,226,969 shares of the financial services provider’s stock worth $3,951,003,000 after buying an additional 4,331,723 shares during the period. Institutional investors and hedge funds own 85.47% of the company’s stock.
Morgan Stanley (NYSE MS) traded up 0.67% during trading on Friday, reaching $45.39. 7,284,026 shares of the company’s stock were exchanged. The firm 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 firm’s 50-day moving average price is $46.38 and its 200-day moving average price is $44.47.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share for the quarter, beating the 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 analysts’ expectations of $9.05 billion. During the same quarter last year, the firm posted $0.75 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. On average, equities research analysts anticipate that Morgan Stanley will post $3.50 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were issued a $0.25 dividend. The ex-dividend date was Thursday, July 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.20%. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.20. Morgan Stanley’s dividend payout ratio (DPR) is presently 28.65%.
Morgan Stanley declared that its Board of Directors has authorized a share buyback plan 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 repurchase up to 6.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.
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MS has been the topic of a number of research analyst reports. Instinet reissued a “buy” rating and set a $50.00 price objective (down previously from $51.00) on shares of Morgan Stanley in a report on Saturday, June 3rd. BMO Capital Markets raised their target price on shares of Morgan Stanley from $58.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, July 20th. Buckingham Research reiterated a “buy” rating and issued a $54.00 price target (up from $51.00) on shares of Morgan Stanley in a research report on Monday, July 10th. Zacks Investment Research downgraded shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, HSBC Holdings plc restated a “neutral” rating and set a $45.00 target price on shares of Morgan Stanley in a report on Tuesday, April 25th. One 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 stock. The stock currently has an average rating of “Buy” and an average price target of $48.57.
In related news, Chairman James P. Gorman sold 212,366 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $75,739,301.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jonathan Pruzan sold 25,767 shares of the firm’s stock in a transaction dated Thursday, July 20th. The shares were 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 directly owns 196,708 shares in the company, valued at $9,182,329.44. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.
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.
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