American National Insurance Co. lowered its stake in shares of Morgan Stanley (NYSE:MS) by 0.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 180,470 shares of the financial services provider’s stock after selling 270 shares during the period. American National Insurance Co.’s holdings in Morgan Stanley were worth $16,547,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MS. Keel Point LLC purchased a new position in shares of Morgan Stanley in the second quarter valued at approximately $248,000. Trustcore Financial Services LLC purchased a new stake in shares of Morgan Stanley during the second quarter worth $26,000. Selective Wealth Management Inc. acquired a new stake in shares of Morgan Stanley in the second quarter valued at about $28,000. Cowen Prime Advisors LLC acquired a new position in Morgan Stanley during the second quarter worth about $29,000. Finally, Close Asset Management Ltd purchased a new stake in Morgan Stanley during the 1st quarter valued at about $26,000. Hedge funds and other institutional investors own 84.72% of the company’s stock.
In other Morgan Stanley news, CFO Sharon Yeshaya sold 2,500 shares of the stock in a transaction that occurred on Wednesday, July 21st. The shares were sold at an average price of $95.64, for a total value of $239,100.00. Following the transaction, the chief financial officer now directly owns 24,895 shares in the company, valued at $2,380,957.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew M. Saperstein sold 11,465 shares of the stock in a transaction on Friday, July 16th. The shares were sold at an average price of $92.97, for a total transaction of $1,065,901.05. The disclosure for this sale can be found here. Insiders sold a total of 25,430 shares of company stock worth $2,370,902 over the last 90 days. Company insiders own 0.23% of the company’s stock.
Shares of NYSE:MS traded down $0.22 during trading on Friday, hitting $102.25. The company’s stock had a trading volume of 217,202 shares, compared to its average volume of 10,079,421. Morgan Stanley has a fifty-two week low of $45.86 and a fifty-two week high of $105.81. The business has a 50 day moving average price of $99.67 and a two-hundred day moving average price of $90.05. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $186.56 billion, a PE ratio of 13.70, a P/E/G ratio of 2.20 and a beta of 1.56.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Wednesday, July 14th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.22. Morgan Stanley had a return on equity of 14.86% and a net margin of 23.89%. The business had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same quarter last year, the business posted $1.96 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, equities analysts expect that Morgan Stanley will post 7.46 earnings per share for the current fiscal year.
Morgan Stanley declared that its board has approved a share repurchase plan on Monday, June 28th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 7.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 13th. Shareholders of record on Friday, July 30th were given a $0.70 dividend. The ex-dividend date was Thursday, July 29th. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.35. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.74%. Morgan Stanley’s dividend payout ratio is currently 42.55%.
About Morgan Stanley
Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following segments: Institutional Securities, Wealth Management, and Investment Management.
Featured Story: How Does the Quiet Period Work?
Want to see what other hedge funds are holding MS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morgan Stanley (NYSE:MS).
Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.