Morgan Stanley (NYSE:MS) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. cut its stake in Morgan Stanley (NYSE:MSGet Rating) by 9.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,719 shares of the financial services provider’s stock after selling 3,372 shares during the period. Raymond James Trust N.A.’s holdings in Morgan Stanley were worth $2,489,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MS. Sound Income Strategies LLC raised its holdings in shares of Morgan Stanley by 78.6% during the second quarter. Sound Income Strategies LLC now owns 343 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 151 shares during the period. Western Pacific Wealth Management LP acquired a new stake in shares of Morgan Stanley during the fourth quarter worth $29,000. Tyler Stone Wealth Management bought a new position in shares of Morgan Stanley during the fourth quarter worth about $29,000. GoalVest Advisory LLC grew its position in shares of Morgan Stanley by 3,233.3% during the second quarter. GoalVest Advisory LLC now owns 400 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 388 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in shares of Morgan Stanley during the first quarter worth about $32,000. 83.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Credit Suisse Group raised their price objective on shares of Morgan Stanley from $95.00 to $97.00 and gave the company an “outperform” rating in a research report on Wednesday. BMO Capital Markets reduced their price objective on shares of Morgan Stanley from $105.00 to $99.00 in a research note on Friday, July 15th. Royal Bank of Canada reduced their price objective on shares of Morgan Stanley from $97.00 to $80.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 28th. Oppenheimer reduced their price objective on shares of Morgan Stanley from $97.00 to $93.00 and set an “outperform” rating for the company in a research note on Friday, July 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Morgan Stanley from $91.00 to $83.00 and set an “equal weight” rating for the company in a research note on Friday, July 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $99.38.

Morgan Stanley Trading Down 1.8 %

NYSE:MS opened at $84.77 on Friday. The stock’s 50 day moving average price is $86.32 and its 200 day moving average price is $84.11. Morgan Stanley has a 52 week low of $72.05 and a 52 week high of $109.73. The company has a market capitalization of $145.54 billion, a P/E ratio of 11.46, a P/E/G ratio of 1.61 and a beta of 1.38. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.80 and a current ratio of 0.80.

Morgan Stanley (NYSE:MSGet Rating) last released its quarterly earnings data on Thursday, July 14th. The financial services provider reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.11). Morgan Stanley had a return on equity of 14.33% and a net margin of 22.76%. The firm had revenue of $13.13 billion during the quarter, compared to analyst estimates of $13.50 billion. During the same quarter in the prior year, the company posted $1.89 EPS. The company’s quarterly revenue was down 11.0% on a year-over-year basis. On average, research analysts forecast that Morgan Stanley will post 6.69 EPS for the current fiscal year.

Morgan Stanley Increases Dividend

The business also recently declared 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 represents a $3.10 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Thursday, July 28th. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.70. Morgan Stanley’s dividend payout ratio (DPR) is 41.89%.

Morgan Stanley announced that its Board of Directors has initiated a stock repurchase program on Monday, June 27th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 14.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Morgan Stanley

In related news, major shareholder Stanley Morgan purchased 8,598 shares of the stock in a transaction on Thursday, July 28th. The shares were bought at an average price of $8.41 per share, for a total transaction of $72,309.18. Following the completion of the acquisition, the insider now directly owns 8,598 shares in the company, valued at approximately $72,309.18. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Morgan Stanley Company Profile

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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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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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