Achmea Investment Management B.V. purchased a new stake in Morgan Stanley (NYSE:MS – Get Rating) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 134,426 shares of the financial services provider’s stock, valued at approximately $11,748,000.
Other institutional investors have also recently made changes to their positions in the company. Johnson Financial Group Inc. increased its position in Morgan Stanley by 1.2% during the fourth quarter. Johnson Financial Group Inc. now owns 8,714 shares of the financial services provider’s stock worth $855,000 after buying an additional 102 shares during the last quarter. Jackson Square Capital LLC raised its stake in Morgan Stanley by 2.2% in the 1st quarter. Jackson Square Capital LLC now owns 5,167 shares of the financial services provider’s stock valued at $452,000 after acquiring an additional 112 shares during the period. Foundations Investment Advisors LLC lifted its holdings in Morgan Stanley by 3.5% during the 1st quarter. Foundations Investment Advisors LLC now owns 3,506 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 119 shares during the last quarter. Benson Investment Management Company Inc. boosted its position in Morgan Stanley by 0.3% during the first quarter. Benson Investment Management Company Inc. now owns 45,561 shares of the financial services provider’s stock worth $3,982,000 after purchasing an additional 120 shares during the period. Finally, Kaizen Financial Strategies increased its holdings in shares of Morgan Stanley by 3.3% in the first quarter. Kaizen Financial Strategies now owns 3,831 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 121 shares during the last quarter. Institutional investors and hedge funds own 83.36% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. Barclays decreased their price target on shares of Morgan Stanley from $123.00 to $108.00 and set an “overweight” rating on the stock in a research note on Friday, July 15th. Royal Bank of Canada lowered their target price on Morgan Stanley from $97.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 28th. BMO Capital Markets reduced their price target on Morgan Stanley from $105.00 to $99.00 in a research note on Friday, July 15th. Credit Suisse Group decreased their price objective on Morgan Stanley from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, July 4th. Finally, Piper Sandler reduced their target price on shares of Morgan Stanley from $100.00 to $90.00 and set a “neutral” rating for the company in a research report on Friday, July 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $100.75.
Morgan Stanley Stock Performance
Morgan Stanley (NYSE:MS – Get Rating) last issued its earnings results on Thursday, July 14th. The financial services provider reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.32). The company had revenue of $13.13 billion during the quarter, compared to analyst estimates of $13.50 billion. Morgan Stanley had a net margin of 22.76% and a return on equity of 14.33%. The business’s quarterly revenue was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.89 EPS. As a group, research analysts predict that Morgan Stanley will post 6.69 EPS for the current fiscal year.
Morgan Stanley Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 29th were given a $0.775 dividend. The ex-dividend date was Thursday, July 28th. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.70. This represents a $3.10 annualized dividend and a yield of 3.47%. Morgan Stanley’s dividend payout ratio (DPR) is currently 41.89%.
Morgan Stanley announced that its board has approved a stock repurchase program on Monday, June 27th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 14.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
In other news, major shareholder Stanley Morgan purchased 8,598 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were purchased at an average price of $8.41 per share, for a total transaction of $72,309.18. Following the transaction, the insider now owns 8,598 shares of the company’s stock, valued at $72,309.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.
Morgan Stanley 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.
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