Morgan Stanley (NYSE:MS) Shares Sold by Syntal Capital Partners LLC

Syntal Capital Partners LLC cut its stake in shares of Morgan Stanley (NYSE:MS) by 8.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 20,019 shares of the financial services provider’s stock after selling 1,864 shares during the period. Morgan Stanley comprises about 0.6% of Syntal Capital Partners LLC’s holdings, making the stock its 26th biggest holding. Syntal Capital Partners LLC’s holdings in Morgan Stanley were worth $1,835,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Lincoln National Corp grew its position in shares of Morgan Stanley by 42.2% in the first quarter. Lincoln National Corp now owns 9,273 shares of the financial services provider’s stock valued at $700,000 after purchasing an additional 2,754 shares in the last quarter. Kestra Advisory Services LLC raised its stake in Morgan Stanley by 99.8% during the first quarter. Kestra Advisory Services LLC now owns 69,854 shares of the financial services provider’s stock worth $5,425,000 after purchasing an additional 34,893 shares during the period. Xponance Inc. grew its stake in shares of Morgan Stanley by 2.2% in the 1st quarter. Xponance Inc. now owns 127,343 shares of the financial services provider’s stock valued at $9,889,000 after buying an additional 2,714 shares during the period. Coastline Trust Co acquired a new stake in shares of Morgan Stanley during the 1st quarter worth approximately $1,141,000. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Morgan Stanley by 7.1% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 250,016 shares of the financial services provider’s stock valued at $19,416,000 after buying an additional 16,679 shares during the period. 84.72% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:MS traded up $1.97 during mid-day trading on Monday, reaching $104.88. The company’s stock had a trading volume of 193,920 shares, compared to its average volume of 10,094,211. Morgan Stanley has a twelve month low of $45.92 and a twelve month high of $105.81. The company’s fifty day simple moving average is $100.74 and its two-hundred day simple moving average is $91.02. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market cap of $191.36 billion, a P/E 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 Thomson Reuters’ consensus estimate of $1.63 by $0.22. Morgan Stanley had a net margin of 23.89% and a return on equity of 14.86%. The company had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same period in the previous year, the company earned $1.96 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. Sell-side analysts expect that Morgan Stanley will post 7.46 EPS 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 is an increase from Morgan Stanley’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, July 29th. This represents a $2.80 annualized dividend and a dividend yield of 2.67%. Morgan Stanley’s dividend payout ratio is presently 42.55%.

Morgan Stanley announced that its Board of Directors has authorized a share buyback program on Monday, June 28th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 7.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

A number of equities analysts recently weighed in on MS shares. Seaport Res Ptn cut shares of Morgan Stanley from a “buy” rating to a “neutral” rating in a research report on Friday, August 13th. Piper Sandler raised their target price on Morgan Stanley from $93.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, July 16th. Bank of America boosted their price target on shares of Morgan Stanley from $92.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, June 4th. JPMorgan Chase & Co. increased their target price on shares of Morgan Stanley from $85.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, June 16th. Finally, Argus increased their price objective on Morgan Stanley from $93.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 16th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $95.74.

In related news, insider Andrew M. Saperstein sold 11,465 shares of the stock in a transaction dated Friday, July 16th. The shares were sold at an average price of $92.97, for a total value of $1,065,901.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Sharon Yeshaya sold 2,500 shares of the business’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 transaction, the chief financial officer now owns 24,895 shares of the company’s stock, valued at $2,380,957.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,430 shares of company stock worth $2,370,902. Corporate insiders own 0.23% of the company’s stock.

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.

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

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