Morgan Stanley (NYSE:MS) Stock Holdings Trimmed by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. lowered its holdings in shares of Morgan Stanley (NYSE:MSGet Rating) by 99.4% during the 1st quarter, Holdings Channel reports. The fund owned 4,485 shares of the financial services provider’s stock after selling 778,095 shares during the period. Fullerton Fund Management Co Ltd.’s holdings in Morgan Stanley were worth $392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its position in shares of Morgan Stanley by 28.9% during the 4th quarter. Acadian Asset Management LLC now owns 158,938 shares of the financial services provider’s stock valued at $15,600,000 after purchasing an additional 35,616 shares during the period. WealthShield Partners LLC acquired a new position in shares of Morgan Stanley during the 4th quarter valued at $222,000. Confluence Wealth Services Inc. acquired a new position in shares of Morgan Stanley during the 4th quarter valued at $55,000. Fort Sheridan Advisors LLC increased its position in shares of Morgan Stanley by 35.8% during the 4th quarter. Fort Sheridan Advisors LLC now owns 2,809 shares of the financial services provider’s stock valued at $276,000 after purchasing an additional 740 shares during the period. Finally, Rational Advisors LLC increased its position in shares of Morgan Stanley by 37.1% during the 4th quarter. Rational Advisors LLC now owns 15,179 shares of the financial services provider’s stock valued at $1,490,000 after purchasing an additional 4,104 shares during the period. Institutional investors own 83.36% of the company’s stock.

Insider Activity at Morgan Stanley

In related news, major shareholder Stanley Morgan purchased 8,598 shares of Morgan Stanley stock in a transaction on Thursday, July 28th. The stock was bought at an average price of $8.41 per share, with a total value of $72,309.18. Following the completion of the transaction, the insider now directly owns 8,598 shares of the company’s stock, valued at $72,309.18. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MS shares. Royal Bank of Canada lowered their price target on Morgan Stanley from $97.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 28th. Piper Sandler decreased their target price on Morgan Stanley from $100.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, July 1st. Odeon Capital Group cut Morgan Stanley from a “hold” rating to a “sell” rating in a report on Tuesday. Barclays decreased their target price on Morgan Stanley from $123.00 to $108.00 and set an “overweight” rating on the stock in a report on Friday, July 15th. Finally, Wells Fargo & Company decreased their target price on Morgan Stanley from $91.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, July 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Morgan Stanley has a consensus rating of “Hold” and a consensus price target of $100.75.

Morgan Stanley Price Performance

MS opened at $89.46 on Friday. The stock has a market cap of $153.59 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 1.62 and a beta of 1.38. Morgan Stanley has a 1 year low of $72.05 and a 1 year high of $109.73. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.38. The stock has a fifty day moving average price of $84.25 and a 200 day moving average price of $84.23.

Morgan Stanley (NYSE:MSGet Rating) last released its quarterly earnings data on Thursday, July 14th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.32). The firm had revenue of $13.13 billion for 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%. Morgan Stanley’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 EPS. Analysts forecast that Morgan Stanley will post 6.69 EPS for the current fiscal year.

Morgan Stanley announced that its Board of Directors has authorized a share repurchase program on Monday, June 27th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 14.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Morgan Stanley Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 29th were given a dividend of $0.775 per share. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $3.10 dividend on an annualized basis and a yield of 3.47%. Morgan Stanley’s dividend payout ratio (DPR) is presently 41.89%.

About Morgan Stanley

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

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