Omnia Family Wealth LLC boosted its position in Morgan Stanley (NYSE:MS) by 5.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,429 shares of the financial services provider’s stock after acquiring an additional 134 shares during the period. Omnia Family Wealth LLC’s holdings in Morgan Stanley were worth $108,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Lee Danner & Bass Inc. boosted its holdings in Morgan Stanley by 0.3% in the first quarter. Lee Danner & Bass Inc. now owns 8,685 shares of the financial services provider’s stock valued at $372,000 after acquiring an additional 22 shares during the last quarter. Guardian Life Insurance Co. of America boosted its holdings in Morgan Stanley by 0.5% in the first quarter. Guardian Life Insurance Co. of America now owns 5,551 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 25 shares during the last quarter. Smithfield Trust Co. boosted its holdings in Morgan Stanley by 1.2% in the second quarter. Smithfield Trust Co. now owns 3,690 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 42 shares during the last quarter. Savant Capital LLC boosted its holdings in Morgan Stanley by 0.8% in the first quarter. Savant Capital LLC now owns 9,677 shares of the financial services provider’s stock valued at $415,000 after acquiring an additional 77 shares during the last quarter. Finally, M Holdings Securities Inc. boosted its holdings in Morgan Stanley by 1.6% in the first quarter. M Holdings Securities Inc. now owns 5,145 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 83 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.
Shares of Morgan Stanley (NYSE MS) traded up 1.66% during midday trading on Monday, reaching $44.74. The company had a trading volume of 1,467,385 shares. Morgan Stanley has a 12-month low of $30.62 and a 12-month high of $48.90. The stock has a market capitalization of $82.17 billion, a PE ratio of 12.82 and a beta of 1.63. The stock’s 50 day moving average is $46.22 and its 200-day moving average is $44.51.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. The business had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.05 billion. Morgan Stanley had a return on equity of 9.83% and a net margin of 16.77%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. On average, equities research analysts predict that Morgan Stanley will post $3.50 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.00 annualized dividend and a yield of 2.27%. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.20. Morgan Stanley’s dividend payout ratio is presently 28.65%.
Morgan Stanley declared that its Board of Directors has initiated a stock repurchase program on Wednesday, June 28th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 6.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
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In other Morgan Stanley news, Chairman James P. Gorman sold 212,366 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $47.26, for a total value of $10,036,417.16. Following the transaction, the chairman now owns 1,602,609 shares in the company, valued at $75,739,301.34. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jonathan Pruzan sold 25,767 shares of the stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $46.68, for a total value of $1,202,803.56. Following the completion of the transaction, the chief financial officer now owns 196,708 shares in the company, valued at approximately $9,182,329.44. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.
Several research firms recently issued reports on MS. HSBC Holdings plc set a $54.00 price target on Morgan Stanley and gave the company a “hold” rating in a report on Friday, August 11th. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Monday. Vetr upgraded Morgan Stanley from a “sell” rating to a “hold” rating and set a $40.50 price target on the stock in a report on Wednesday, May 17th. Macquarie reiterated an “outperform” rating and issued a $52.00 price target (up previously from $51.00) on shares of Morgan Stanley in a report on Saturday, July 22nd. Finally, J P Morgan Chase & Co restated a “buy” rating on shares of Morgan Stanley in a report on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $48.52.
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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