Regent Investment Management LLC trimmed its position in shares of Morgan Stanley (NYSE:MS – Get Rating) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,370 shares of the financial services provider’s stock after selling 500 shares during the quarter. Morgan Stanley accounts for 0.9% of Regent Investment Management LLC’s portfolio, making the stock its 27th largest position. Regent Investment Management LLC’s holdings in Morgan Stanley were worth $3,223,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MS. Capital International Investors lifted its position in Morgan Stanley by 696.5% in the 1st quarter. Capital International Investors now owns 20,756,931 shares of the financial services provider’s stock valued at $1,814,480,000 after acquiring an additional 18,150,967 shares in the last quarter. Norges Bank bought a new stake in Morgan Stanley in the 4th quarter valued at $1,576,425,000. Capital Research Global Investors lifted its position in Morgan Stanley by 100.7% in the 1st quarter. Capital Research Global Investors now owns 26,638,524 shares of the financial services provider’s stock valued at $2,328,216,000 after acquiring an additional 13,367,310 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Morgan Stanley in the 1st quarter valued at $451,711,000. Finally, State Street Corp lifted its position in Morgan Stanley by 2.1% in the 4th quarter. State Street Corp now owns 130,520,155 shares of the financial services provider’s stock valued at $12,811,858,000 after acquiring an additional 2,714,510 shares in the last quarter. 83.36% of the stock is owned by institutional investors.
Insider Transactions at Morgan Stanley
In other Morgan Stanley news, major shareholder Stanley Morgan acquired 8,598 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were bought at an average price of $8.41 per share, with a total value of $72,309.18. Following the completion of the acquisition, the insider now owns 8,598 shares in the company, valued at approximately $72,309.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.26% of the company’s stock.
Wall Street Analysts Forecast Growth
Morgan Stanley Trading Down 4.5 %
Shares of Morgan Stanley stock traded down $3.80 during trading on Friday, reaching $80.97. The company’s stock had a trading volume of 333,578 shares, compared to its average volume of 8,344,522. The company has a market cap of $139.01 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 1.61 and a beta of 1.38. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.38. The firm’s 50-day moving average is $86.32 and its two-hundred day moving average is $84.11. Morgan Stanley has a 52-week low of $72.05 and a 52-week high of $109.73.
Morgan Stanley (NYSE:MS – Get Rating) last issued its quarterly earnings results on Thursday, July 14th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.11). The business had revenue of $13.13 billion during the quarter, compared to the consensus estimate of $13.50 billion. Morgan Stanley had a return on equity of 14.33% and a net margin of 22.76%. The firm’s revenue was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.89 earnings per share. On average, sell-side analysts anticipate that Morgan Stanley will post 6.69 earnings per share for the current year.
Morgan Stanley announced that its Board of Directors has authorized a stock repurchase program on Monday, June 27th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 14.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
Morgan Stanley Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 29th were paid a $0.775 dividend. The ex-dividend date of this dividend was Thursday, July 28th. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.70. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.83%. Morgan Stanley’s payout ratio is currently 41.89%.
Morgan Stanley Company Profile
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Institutional Securities, Wealth Management, and Investment Management segments.
- Get a free copy of the StockNews.com research report on Morgan Stanley (MS)
- Why Does Tesla Stock Remain Resilient?
- Is Costco’s Post-Earnings Price Weakness A Good Time To Buy?
- Will Crowdstrike Get A Boost From Increased EPS Guidance?
- Are Layoffs At A Small-Cap Tech A Bellwether For Housing Stocks?
- 2 Semiconductor Stocks To Watch For Reversals
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.