Neuberger Berman Group LLC Reduces Position in Morgan Stanley (MS)

Neuberger Berman Group LLC reduced its holdings in Morgan Stanley (NYSE:MS) by 15.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,659 shares of the financial services provider’s stock after selling 17,521 shares during the quarter. Neuberger Berman Group LLC’s holdings in Morgan Stanley were worth $4,441,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its holdings in shares of Morgan Stanley by 9.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 190 shares in the last quarter. Invictus RG bought a new stake in shares of Morgan Stanley in the 1st quarter worth approximately $106,000. V Wealth Management LLC bought a new stake in shares of Morgan Stanley in the 2nd quarter worth approximately $106,000. FTB Advisors Inc. raised its holdings in shares of Morgan Stanley by 8.1% in the 1st quarter. FTB Advisors Inc. now owns 2,605 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 196 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Morgan Stanley in the 1st quarter worth approximately $120,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

A number of analysts recently commented on the stock. J P Morgan Chase & Co reiterated a “buy” rating on shares of Morgan Stanley in a report on Tuesday, May 23rd. Deutsche Bank AG restated a “buy” rating on shares of Morgan Stanley in a report on Monday, July 3rd. Vetr upgraded shares of Morgan Stanley from a “sell” rating to a “hold” rating and set a $40.50 price target on the stock in a report on Tuesday, May 23rd. HSBC Holdings plc set a $54.00 price target on shares of Morgan Stanley and gave the company a “hold” rating in a report on Friday, August 11th. Finally, Zacks Investment Research lowered shares of Morgan Stanley from a “buy” rating to a “hold” rating in a report on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Morgan Stanley has an average rating of “Buy” and a consensus target price of $48.52.

In related news, Chairman James P. Gorman sold 212,366 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $47.26, for a total value of $10,036,417.16. Following the completion of the transaction, the chairman now directly owns 1,602,609 shares of the company’s stock, valued at $75,739,301.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jonathan Pruzan sold 25,767 shares of the firm’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $46.68, for a total transaction of $1,202,803.56. Following the completion of the transaction, the chief financial officer now directly owns 196,708 shares of the company’s stock, valued at $9,182,329.44. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Shares of Morgan Stanley (NYSE MS) opened at 45.75 on Wednesday. The company has a market capitalization of $84.02 billion, a P/E ratio of 13.11 and a beta of 1.63. The firm has a 50-day moving average of $46.19 and a 200 day moving average of $44.50. Morgan Stanley has a 52-week low of $30.62 and a 52-week high of $48.90.

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, beating the Zacks’ consensus estimate of $0.76 by $0.11. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%. The company had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.05 billion. During the same period last year, the company earned $0.75 earnings per share. The firm’s revenue was up 6.7% compared to the same quarter last year. On average, analysts anticipate that Morgan Stanley will post $3.51 EPS for the current year.

Morgan Stanley declared that its board has authorized a stock repurchase plan on Wednesday, June 28th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 6.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.19%. Morgan Stanley’s dividend payout ratio (DPR) is 28.65%.

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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.

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

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