Williams Jones Wealth Management LLC. Sells 5,546 Shares of Morgan Stanley (NYSE:MS)

Williams Jones Wealth Management LLC. cut its stake in Morgan Stanley (NYSE:MSGet Rating) by 16.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,624 shares of the financial services provider’s stock after selling 5,546 shares during the quarter. Williams Jones Wealth Management LLC.’s holdings in Morgan Stanley were worth $2,414,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MS. State Street Corp grew its stake in shares of Morgan Stanley by 2.1% in the fourth 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. Vanguard Group Inc. grew its stake in shares of Morgan Stanley by 1.3% in the first quarter. Vanguard Group Inc. now owns 119,462,176 shares of the financial services provider’s stock valued at $10,440,994,000 after acquiring an additional 1,524,370 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Morgan Stanley by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 23,850,965 shares of the financial services provider’s stock valued at $2,334,943,000 after acquiring an additional 183,686 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Morgan Stanley by 11.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 22,052,848 shares of the financial services provider’s stock valued at $1,927,420,000 after acquiring an additional 2,274,156 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Morgan Stanley in the fourth quarter valued at about $1,576,425,000. 83.36% of the stock is owned by institutional investors.

Morgan Stanley Stock Up 1.2 %

Shares of NYSE MS opened at $89.46 on Monday. The company has a 50 day simple moving average of $84.25 and a 200 day simple moving average of $84.11. The firm has a market cap of $153.59 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 1.67 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 debt-to-equity ratio of 2.38, a current ratio of 0.80 and a quick ratio of 0.80.

Morgan Stanley (NYSE:MSGet Rating) last issued 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 business had revenue of $13.13 billion during the quarter, compared to the consensus estimate of $13.50 billion. Morgan Stanley had a net margin of 22.76% and a return on equity of 14.33%. The firm’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.89 EPS. On average, research analysts forecast that Morgan Stanley will post 6.69 EPS for the current year.

Morgan Stanley declared that its board has initiated a stock repurchase program on Monday, June 27th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 14.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Morgan Stanley Increases Dividend

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

Insider Activity at Morgan Stanley

In other news, major shareholder Stanley Morgan purchased 8,598 shares of the stock in a transaction on Thursday, July 28th. The stock was purchased at an average price of $8.41 per share, for a total transaction of $72,309.18. Following the acquisition, the insider now owns 8,598 shares in the company, valued at $72,309.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MS has been the topic of a number of analyst reports. BMO Capital Markets reduced their price objective on shares of Morgan Stanley from $105.00 to $99.00 in a research note on Friday, July 15th. Piper Sandler reduced their price objective on shares of Morgan Stanley from $100.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, July 1st. Wells Fargo & Company reduced their price objective on shares of Morgan Stanley from $91.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Friday, July 1st. Oppenheimer reduced their price objective on shares of Morgan Stanley from $97.00 to $93.00 and set an “outperform” rating on the stock in a research note on Friday, July 15th. Finally, Credit Suisse Group reduced their price objective on shares of Morgan Stanley from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, July 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $100.75.

Morgan Stanley Company Profile

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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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