Ethos Financial Group LLC cut its position in Morgan Stanley (NYSE:MS – Free Report) by 90.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,512 shares of the financial services provider’s stock after selling 22,736 shares during the quarter. Ethos Financial Group LLC’s holdings in Morgan Stanley were worth $221,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in Morgan Stanley by 114.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,059,090 shares of the financial services provider’s stock valued at $2,024,589,000 after buying an additional 12,321,786 shares during the last quarter. Norges Bank acquired a new position in shares of Morgan Stanley during the 4th quarter worth approximately $956,566,000. Moneta Group Investment Advisors LLC raised its stake in shares of Morgan Stanley by 125,756.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,641,190 shares of the financial services provider’s stock worth $904,714,000 after buying an additional 10,632,735 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in shares of Morgan Stanley during the 1st quarter worth approximately $451,711,000. Finally, Providence Capital Advisors LLC purchased a new position in Morgan Stanley in the 1st quarter valued at $46,800,000. 83.09% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $90.00 price objective on shares of Morgan Stanley in a report on Monday. HSBC assumed coverage on Morgan Stanley in a report on Thursday, September 7th. They set a “buy” rating and a $99.00 price target on the stock. Odeon Capital Group upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Wednesday, July 12th. BMO Capital Markets raised their price objective on Morgan Stanley from $100.00 to $103.00 in a research report on Wednesday, July 19th. Finally, JPMorgan Chase & Co. cut their price objective on Morgan Stanley from $97.00 to $91.00 in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Morgan Stanley has a consensus rating of “Moderate Buy” and a consensus price target of $96.50.
Check Out Our Latest Stock Report on Morgan Stanley
Morgan Stanley Trading Up 0.9 %
NYSE MS traded up $0.74 during trading on Thursday, hitting $82.39. The stock had a trading volume of 2,300,356 shares, compared to its average volume of 7,281,557. The company has a market capitalization of $136.52 billion, a PE ratio of 14.40, a PEG ratio of 2.25 and a beta of 1.35. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.68. The firm has a 50 day moving average price of $87.11 and a 200 day moving average price of $86.24. Morgan Stanley has a twelve month low of $74.67 and a twelve month high of $100.99.
Morgan Stanley (NYSE:MS – Get Free Report) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. The business had revenue of $13.46 billion during the quarter, compared to analysts’ expectations of $13.02 billion. Morgan Stanley had a return on equity of 10.99% and a net margin of 12.19%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 EPS. As a group, equities research analysts forecast that Morgan Stanley will post 5.83 earnings per share for the current year.
Morgan Stanley Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were paid a dividend of $0.85 per share. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.78. The ex-dividend date was Friday, July 28th. This represents a $3.40 annualized dividend and a yield of 4.13%. Morgan Stanley’s payout ratio is presently 59.96%.
Morgan Stanley declared that its board has initiated a share buyback plan on Friday, June 30th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire up to 12.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
Insider Buying and Selling
In other Morgan Stanley news, CEO James P. Gorman sold 125,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $95.19, for a total value of $11,898,750.00. Following the completion of the sale, the chief executive officer now owns 1,011,345 shares in the company, valued at $96,269,930.55. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Morgan Stanley news, CEO James P. Gorman sold 125,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $95.19, for a total value of $11,898,750.00. Following the completion of the sale, the chief executive officer now owns 1,011,345 shares in the company, valued at $96,269,930.55. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Raja Akram sold 13,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $92.00, for a total value of $1,242,000.00. Following the completion of the sale, the chief financial officer now owns 82,984 shares of the company’s stock, valued at approximately $7,634,528. The disclosure for this sale can be found here. Insiders sold a total of 369,100 shares of company stock worth $34,634,996 over the last 90 days. 0.26% of the stock is owned by insiders.
About Morgan Stanley
(Free Report)
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
Want to see what other hedge funds are holding MS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morgan Stanley (NYSE:MS – Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Morgan Stanley, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Morgan Stanley wasn’t on the list.
While Morgan Stanley currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
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Source: marketbeat.com
Ethos Financial Group LLC cut its position in Morgan Stanley (NYSE:MS – Free Report) by 90.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,512 shares of the financial services provider’s stock after selling 22,736 shares during the quarter. Ethos Financial Group LLC’s holdings in Morgan Stanley were worth $221,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in Morgan Stanley by 114.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,059,090 shares of the financial services provider’s stock valued at $2,024,589,000 after buying an additional 12,321,786 shares during the last quarter. Norges Bank acquired a new position in shares of Morgan Stanley during the 4th quarter worth approximately $956,566,000. Moneta Group Investment Advisors LLC raised its stake in shares of Morgan Stanley by 125,756.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,641,190 shares of the financial services provider’s stock worth $904,714,000 after buying an additional 10,632,735 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in shares of Morgan Stanley during the 1st quarter worth approximately $451,711,000. Finally, Providence Capital Advisors LLC purchased a new position in Morgan Stanley in the 1st quarter valued at $46,800,000. 83.09% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $90.00 price objective on shares of Morgan Stanley in a report on Monday. HSBC assumed coverage on Morgan Stanley in a report on Thursday, September 7th. They set a “buy” rating and a $99.00 price target on the stock. Odeon Capital Group upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Wednesday, July 12th. BMO Capital Markets raised their price objective on Morgan Stanley from $100.00 to $103.00 in a research report on Wednesday, July 19th. Finally, JPMorgan Chase & Co. cut their price objective on Morgan Stanley from $97.00 to $91.00 in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Morgan Stanley has a consensus rating of “Moderate Buy” and a consensus price target of $96.50.
Check Out Our Latest Stock Report on Morgan Stanley
Morgan Stanley Trading Up 0.9 %
NYSE MS traded up $0.74 during trading on Thursday, hitting $82.39. The stock had a trading volume of 2,300,356 shares, compared to its average volume of 7,281,557. The company has a market capitalization of $136.52 billion, a PE ratio of 14.40, a PEG ratio of 2.25 and a beta of 1.35. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.68. The firm has a 50 day moving average price of $87.11 and a 200 day moving average price of $86.24. Morgan Stanley has a twelve month low of $74.67 and a twelve month high of $100.99.
Morgan Stanley (NYSE:MS – Get Free Report) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. The business had revenue of $13.46 billion during the quarter, compared to analysts’ expectations of $13.02 billion. Morgan Stanley had a return on equity of 10.99% and a net margin of 12.19%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 EPS. As a group, equities research analysts forecast that Morgan Stanley will post 5.83 earnings per share for the current year.
Morgan Stanley Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were paid a dividend of $0.85 per share. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.78. The ex-dividend date was Friday, July 28th. This represents a $3.40 annualized dividend and a yield of 4.13%. Morgan Stanley’s payout ratio is presently 59.96%.
Morgan Stanley declared that its board has initiated a share buyback plan on Friday, June 30th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire up to 12.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
Insider Buying and Selling
In other Morgan Stanley news, CEO James P. Gorman sold 125,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $95.19, for a total value of $11,898,750.00. Following the completion of the sale, the chief executive officer now owns 1,011,345 shares in the company, valued at $96,269,930.55. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Morgan Stanley news, CEO James P. Gorman sold 125,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $95.19, for a total value of $11,898,750.00. Following the completion of the sale, the chief executive officer now owns 1,011,345 shares in the company, valued at $96,269,930.55. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Raja Akram sold 13,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $92.00, for a total value of $1,242,000.00. Following the completion of the sale, the chief financial officer now owns 82,984 shares of the company’s stock, valued at approximately $7,634,528. The disclosure for this sale can be found here. Insiders sold a total of 369,100 shares of company stock worth $34,634,996 over the last 90 days. 0.26% of the stock is owned by insiders.
About Morgan Stanley
(Free Report)
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
Want to see what other hedge funds are holding MS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morgan Stanley (NYSE:MS – Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Morgan Stanley, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Morgan Stanley wasn’t on the list.
While Morgan Stanley currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we’ll send you MarketBeat’s guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Source: marketbeat.com
