Bbva Compass Bancshares Inc. lowered its position in shares of Morgan Stanley (NYSE:MS) by 2.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 217,336 shares of the financial services provider’s stock after selling 4,371 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Morgan Stanley were worth $9,684,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of MS. BlackRock Inc. boosted its position 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 in the last quarter. Vanguard Group Inc. boosted its position in 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 valued at $3,951,003,000 after buying an additional 4,331,723 shares during the period. FMR LLC boosted its position in Morgan Stanley by 16.9% in the first quarter. FMR LLC now owns 46,221,986 shares of the financial services provider’s stock valued at $1,980,150,000 after buying an additional 6,692,676 shares during the period. Geode Capital Management LLC boosted its position in Morgan Stanley by 7.2% in the first quarter. Geode Capital Management LLC now owns 14,456,307 shares of the financial services provider’s stock valued at $618,456,000 after buying an additional 970,041 shares during the period. Finally, Janus Capital Management LLC boosted its position in Morgan Stanley by 32.2% in the first quarter. Janus Capital Management LLC now owns 12,159,681 shares of the financial services provider’s stock valued at $520,921,000 after buying an additional 2,962,234 shares during the period. Hedge funds and other institutional investors own 85.67% of the company’s stock.
Shares of Morgan Stanley (MS) opened at 48.31 on Tuesday. Morgan Stanley has a 52-week low of $28.59 and a 52-week high of $48.40. The company has a market cap of $88.89 billion, a price-to-earnings ratio of 13.83 and a beta of 1.63. The stock has a 50 day moving average of $45.61 and a 200 day moving average of $44.14. Morgan Stanley also saw unusually large options trading activity on Monday. Traders purchased 6,765 call options on the company. This is an increase of approximately 381% compared to the average volume of 1,407 call options.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The company had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.05 billion. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. On average, equities research analysts expect that Morgan Stanley will post $3.52 EPS for the current year.
Morgan Stanley announced that its board has approved a share repurchase program 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 reacquire up to 6.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a $0.25 dividend. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.07%. Morgan Stanley’s dividend payout ratio (DPR) is presently 28.65%.
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MS has been the topic of several analyst reports. Zacks Investment Research cut shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. J P Morgan Chase & Co restated a “buy” rating on shares of Morgan Stanley in a report on Monday, May 29th. Instinet restated a “buy” rating and set a $50.00 price target (down from $51.00) on shares of Morgan Stanley in a report on Saturday, June 3rd. Rafferty Capital Markets restated a “buy” rating and set a $50.00 price target on shares of Morgan Stanley in a report on Saturday, April 22nd. Finally, Deutsche Bank AG restated a “buy” rating on shares of Morgan Stanley in a report on Monday, July 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $47.61.
In related news, CFO Jonathan Pruzan sold 25,767 shares of the firm’s stock in a transaction that occurred on 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 owns 196,708 shares of the company’s stock, valued at $9,182,329.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman James P. Gorman sold 212,365 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $42.93, for a total transaction of $9,116,829.45. Following the completion of the transaction, the chairman now directly owns 1,389,378 shares in the company, valued at approximately $59,645,997.54. The disclosure for this sale can be found here. In the last three months, insiders sold 450,498 shares of company stock worth $20,356,050. 0.24% of the stock is currently owned by 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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