Lincluden Management Ltd. cut its stake in Morgan Stanley (NYSE:MS) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,043 shares of the financial services provider’s stock after selling 685 shares during the period. Lincluden Management Ltd.’s holdings in Morgan Stanley were worth $4,038,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lincoln National Corp raised its position in Morgan Stanley by 42.2% in the 1st quarter. Lincoln National Corp now owns 9,273 shares of the financial services provider’s stock valued at $700,000 after buying an additional 2,754 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of Morgan Stanley by 99.8% in the 1st quarter. Kestra Advisory Services LLC now owns 69,854 shares of the financial services provider’s stock worth $5,425,000 after acquiring an additional 34,893 shares in the last quarter. Xponance Inc. raised its holdings in shares of Morgan Stanley by 2.2% in the first quarter. Xponance Inc. now owns 127,343 shares of the financial services provider’s stock valued at $9,889,000 after purchasing an additional 2,714 shares during the last quarter. Coastline Trust Co bought a new position in shares of Morgan Stanley during the first quarter valued at about $1,141,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Morgan Stanley by 7.1% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 250,016 shares of the financial services provider’s stock worth $19,416,000 after purchasing an additional 16,679 shares during the last quarter. Institutional investors own 84.72% of the company’s stock.
Several research firms have weighed in on MS. Oppenheimer boosted their price objective on Morgan Stanley from $99.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, July 16th. Citigroup boosted their price target on shares of Morgan Stanley from $88.00 to $97.00 and gave the stock a “neutral” rating in a report on Monday, July 19th. They noted that the move was a valuation call. BMO Capital Markets raised their price objective on shares of Morgan Stanley from $97.00 to $103.00 and gave the stock an “outperform” rating in a report on Friday, July 16th. JPMorgan Chase & Co. boosted their target price on shares of Morgan Stanley from $85.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, June 16th. Finally, Seaport Global Securities lowered shares of Morgan Stanley from a “buy” rating to a “neutral” rating in a research note on Friday, August 13th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Morgan Stanley has an average rating of “Buy” and a consensus price target of $95.74.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Wednesday, July 14th. The financial services provider reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.22. The business had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $13.99 billion. Morgan Stanley had a net margin of 23.89% and a return on equity of 14.86%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.96 EPS. As a group, sell-side analysts anticipate that Morgan Stanley will post 7.46 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 13th. Stockholders of record on Friday, July 30th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.67%. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, July 29th. Morgan Stanley’s dividend payout ratio (DPR) is currently 42.55%.
Morgan Stanley declared that its board has authorized a stock repurchase plan on Monday, June 28th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 7.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In related news, CFO Sharon Yeshaya sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 21st. The stock was sold at an average price of $95.64, for a total value of $239,100.00. Following the sale, the chief financial officer now owns 24,895 shares in the company, valued at approximately $2,380,957.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $1,065,901.05. Following the sale, the insider now owns 173,075 shares in the company, valued at $16,090,782.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,430 shares of company stock valued at $2,370,902. Corporate insiders own 0.23% of the company’s stock.
Morgan Stanley Profile
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.
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