Highland Capital Management LLC cut its position in Morgan Stanley (NYSE:MS – Get Rating) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,953 shares of the financial services provider’s stock after selling 187 shares during the period. Highland Capital Management LLC’s holdings in Morgan Stanley were worth $3,647,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in MS. AIA Group Ltd boosted its stake in Morgan Stanley by 50.7% during the 1st quarter. AIA Group Ltd now owns 9,423 shares of the financial services provider’s stock valued at $824,000 after purchasing an additional 3,171 shares during the last quarter. Private Trust Co. NA boosted its stake in Morgan Stanley by 15.5% during the 1st quarter. Private Trust Co. NA now owns 9,584 shares of the financial services provider’s stock valued at $838,000 after purchasing an additional 1,283 shares during the last quarter. Signaturefd LLC boosted its stake in Morgan Stanley by 1.8% during the 1st quarter. Signaturefd LLC now owns 23,755 shares of the financial services provider’s stock valued at $2,076,000 after purchasing an additional 415 shares during the last quarter. Northwest Bancshares Inc. boosted its stake in shares of Morgan Stanley by 28.4% in the 1st quarter. Northwest Bancshares Inc. now owns 2,709 shares of the financial services provider’s stock worth $237,000 after buying an additional 600 shares during the last quarter. Finally, Wealth Advisors of Iowa LLC purchased a new position in shares of Morgan Stanley in the 4th quarter worth approximately $270,000. 83.36% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on MS shares. The Goldman Sachs Group boosted their target price on Morgan Stanley from $85.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets cut their target price on Morgan Stanley from $105.00 to $99.00 in a research note on Friday, July 15th. Piper Sandler cut their target price on Morgan Stanley from $100.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, July 1st. Odeon Capital Group downgraded Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Finally, Barclays cut their target price on Morgan Stanley from $123.00 to $108.00 and set an “overweight” rating on the stock in a research note on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Morgan Stanley has a consensus rating of “Hold” and a consensus target price of $99.38.
Insider Buying and Selling at Morgan Stanley
Morgan Stanley Trading Down 1.8 %
Shares of MS stock opened at $84.77 on Friday. The company’s fifty day simple moving average is $86.32 and its two-hundred day simple moving average is $84.11. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.80 and a quick ratio of 0.80. Morgan Stanley has a 1 year low of $72.05 and a 1 year high of $109.73. The stock has a market capitalization of $145.54 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 1.61 and a beta of 1.38.
Morgan Stanley (NYSE:MS – Get Rating) last issued its earnings results on Thursday, July 14th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.11). Morgan Stanley had a net margin of 22.76% and a return on equity of 14.33%. The business had revenue of $13.13 billion for the quarter, compared to the consensus estimate of $13.50 billion. During the same period in the previous year, the firm earned $1.89 EPS. The company’s revenue was down 11.0% compared to the same quarter last year. As a group, analysts anticipate that Morgan Stanley will post 6.69 earnings per share for the current year.
Morgan Stanley Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 29th were issued a dividend of $0.775 per share. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $3.10 dividend on an annualized basis and a yield of 3.66%. Morgan Stanley’s payout ratio is presently 41.89%.
Morgan Stanley declared that its board has authorized a stock repurchase program on Monday, June 27th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 14.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
Morgan Stanley Company Profile
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.
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