Moneta Group Investment Advisors LLC decreased its stake in Morgan Stanley (NYSE:MS) by 49.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,588 shares of the financial services provider’s stock after selling 5,407 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Morgan Stanley were worth $482,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Beacon Investment Advisory Services Inc. raised its position in Morgan Stanley by 17.5% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 69,663 shares of the financial services provider’s stock worth $3,052,000 after purchasing an additional 10,371 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Morgan Stanley by 39.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 92,919 shares of the financial services provider’s stock valued at $4,071,000 after purchasing an additional 26,400 shares during the period. Advisory Services Network LLC raised its stake in shares of Morgan Stanley by 19.1% in the 2nd quarter. Advisory Services Network LLC now owns 6,573 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 1,053 shares during the period. Tyers Asset Management LLC lifted its holdings in shares of Morgan Stanley by 125.6% in the first quarter. Tyers Asset Management LLC now owns 81,840 shares of the financial services provider’s stock valued at $3,454,000 after purchasing an additional 45,562 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. lifted its holdings in shares of Morgan Stanley by 6.5% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 122,866 shares of the financial services provider’s stock valued at $5,185,000 after purchasing an additional 7,452 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on MS shares. BMO Capital Markets set a $69.00 price objective on Morgan Stanley and gave the stock a “buy” rating in a report on Friday, July 19th. Oppenheimer set a $65.00 target price on Morgan Stanley and gave the company a “buy” rating in a research note on Friday, July 19th. Citigroup raised Morgan Stanley from a “neutral” rating to a “buy” rating and upped their price target for the stock from $48.00 to $52.00 in a research report on Friday, July 12th. Finally, TheStreet downgraded Morgan Stanley from a “b” rating to a “c+” rating in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $56.45.
Morgan Stanley (NYSE:MS) last released its earnings results on Thursday, July 18th. The financial services provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.10. The business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.02 billion. Morgan Stanley had a net margin of 16.06% and a return on equity of 11.04%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same period last year, the business earned $1.30 earnings per share. Analysts predict that Morgan Stanley will post 4.78 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a $0.35 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $1.40 dividend on an annualized basis and a yield of 3.21%. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.30. Morgan Stanley’s dividend payout ratio (DPR) is currently 30.37%.
About Morgan Stanley
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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.
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