M Holdings Securities Inc. bought a new position in shares of Morgan Stanley (NYSE:MS – Get Rating) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,102 shares of the financial services provider’s stock, valued at approximately $446,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vienna Asset Management LLC acquired a new position in Morgan Stanley in the fourth quarter valued at approximately $29,000. Western Pacific Wealth Management LP acquired a new position in Morgan Stanley in the fourth quarter valued at approximately $29,000. Tyler Stone Wealth Management acquired a new position in Morgan Stanley in the fourth quarter valued at approximately $29,000. Advanced Research Investment Solutions LLC acquired a new position in Morgan Stanley in the first quarter valued at approximately $33,000. Finally, JFS Wealth Advisors LLC lifted its holdings in Morgan Stanley by 47.5% in the first quarter. JFS Wealth Advisors LLC now owns 391 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 126 shares during the period. Institutional investors and hedge funds own 83.36% of the company’s stock.
Morgan Stanley Stock Performance
Shares of Morgan Stanley stock opened at $87.43 on Friday. Morgan Stanley has a one year low of $72.05 and a one year high of $109.73. The company has a market cap of $150.10 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.63 and a beta of 1.38. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.80 and a current ratio of 0.80. The business’s 50 day moving average price is $85.20 and its 200 day moving average price is $84.10.
Morgan Stanley Increases Dividend
The firm 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 represents a $3.10 dividend on an annualized basis and a yield of 3.55%. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.70. Morgan Stanley’s payout ratio is currently 41.89%.
Morgan Stanley declared that its board has authorized a stock repurchase plan on Monday, June 27th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 14.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target 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. Credit Suisse Group reduced their price target on shares of Morgan Stanley from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, July 4th. Royal Bank of Canada lowered their price objective on Morgan Stanley from $97.00 to $80.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 28th. Oppenheimer reduced their target price on Morgan Stanley from $97.00 to $93.00 and set an “outperform” rating for the company in a report on Friday, July 15th. Finally, Barclays decreased their target price on Morgan Stanley from $123.00 to $108.00 and set an “overweight” rating on the stock in a research report on Friday, July 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $100.08.
Insider Buying and Selling at Morgan Stanley
In other Morgan Stanley news, major shareholder Stanley Morgan bought 8,598 shares of Morgan Stanley stock in a transaction on Thursday, July 28th. The shares were bought at an average price of $8.41 per share, for a total transaction 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 purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.
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.
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