Riverhead Capital Management LLC raised its stake in shares of Morgan Stanley (NYSE:MS) by 36.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,946 shares of the financial services provider’s stock after buying an additional 51,098 shares during the period. Riverhead Capital Management LLC’s holdings in Morgan Stanley were worth $8,508,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Morgan Stanley by 2,798.9% during the 1st quarter. BlackRock Inc. now owns 101,168,197 shares of the financial services provider’s stock valued at $4,334,046,000 after buying an additional 97,678,337 shares during the period. Vanguard Group Inc. boosted its stake in shares of Morgan Stanley by 4.9% during the 1st 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 stake in shares of Morgan Stanley by 16.9% during the 1st 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 stake in shares of Morgan Stanley by 7.2% during the 1st 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 stake in shares of Morgan Stanley by 32.2% during the 1st 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. 85.20% of the stock is owned by institutional investors.
MS has been the subject of a number of research reports. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Thursday, May 18th. J P Morgan Chase & Co reissued a “buy” rating on shares of Morgan Stanley in a research note on Tuesday, May 23rd. Royal Bank Of Canada reissued a “buy” rating and set a $50.00 target price on shares of Morgan Stanley in a research note on Tuesday, June 6th. Instinet reissued a “buy” rating and set a $50.00 target price (down previously from $51.00) on shares of Morgan Stanley in a research note on Saturday, June 3rd. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Morgan Stanley in a research note on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $48.52.
In other news, Chairman James P. Gorman sold 212,366 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $47.26, for a total transaction of $10,036,417.16. Following the completion of the sale, the chairman now owns 1,602,609 shares in the company, valued at approximately $75,739,301.34. The transaction was disclosed in a 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 stock was sold at an average price of $46.68, for a total transaction of $1,202,803.56. Following the sale, the chief financial officer now owns 196,708 shares of the company’s stock, valued at approximately $9,182,329.44. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
Morgan Stanley (NYSE MS) traded up 1.84% on Monday, reaching $44.82. 2,244,305 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $46.22 and its 200-day moving average is $44.51. Morgan Stanley has a 12 month low of $30.62 and a 12 month high of $48.90. The firm has a market cap of $82.32 billion, a PE ratio of 12.84 and a beta of 1.63.
Morgan Stanley (NYSE:MS) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $9.05 billion. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%. Morgan Stanley’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 EPS. On average, equities analysts forecast that Morgan Stanley will post $3.50 earnings per share for the current year.
Morgan Stanley announced that its Board of Directors has authorized a stock repurchase program on Wednesday, June 28th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 6.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Thursday, July 27th. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.20. Morgan Stanley’s dividend payout ratio (DPR) is currently 28.65%.
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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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