American Trust Buys Shares of 3,263 Morgan Stanley (NYSE:MS)

American Trust bought a new stake in shares of Morgan Stanley (NYSE:MSGet Rating) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,263 shares of the financial services provider’s stock, valued at approximately $286,000.

A number of other institutional investors also recently modified their holdings of MS. AIA Group Ltd lifted its stake in shares of Morgan Stanley by 50.7% in the 1st quarter. AIA Group Ltd now owns 9,423 shares of the financial services provider’s stock valued at $824,000 after purchasing an additional 3,171 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of Morgan Stanley by 15.5% in the 1st quarter. Private Trust Co. NA now owns 9,584 shares of the financial services provider’s stock valued at $838,000 after purchasing an additional 1,283 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Morgan Stanley by 1.8% in the 1st quarter. Signaturefd LLC now owns 23,755 shares of the financial services provider’s stock valued at $2,076,000 after purchasing an additional 415 shares during the last quarter. Northwest Bancshares Inc. lifted its stake in shares of Morgan Stanley by 28.4% in the 1st quarter. Northwest Bancshares Inc. now owns 2,709 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 600 shares during the last quarter. Finally, Wealth Advisors of Iowa LLC acquired a new stake in shares of Morgan Stanley in the 4th quarter valued at $270,000. Institutional investors and hedge funds own 83.36% of the company’s stock.

Insider Buying and Selling at Morgan Stanley

In other news, major shareholder Stanley Morgan purchased 8,598 shares of Morgan Stanley stock in a transaction on Thursday, July 28th. The shares were purchased at an average cost 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 in the company, valued at $72,309.18. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

MS has been the subject of a number of research analyst reports. Credit Suisse Group cut their target price 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. BMO Capital Markets cut their target price on shares of Morgan Stanley from $105.00 to $99.00 in a research report on Friday, July 15th. Odeon Capital Group lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Barclays cut their target price on shares of Morgan Stanley from $123.00 to $108.00 and set an “overweight” rating for the company in a research report on Friday, July 15th. Finally, Wells Fargo & Company cut their target price on shares of Morgan Stanley from $91.00 to $83.00 and set an “equal weight” rating for the company in a research report on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $100.08.

Morgan Stanley Stock Performance

NYSE MS opened at $87.43 on Monday. The stock has a market cap of $150.10 billion, a P/E ratio of 11.81, a PEG ratio of 1.63 and a beta of 1.38. The company’s 50-day simple moving average is $85.41 and its 200 day simple moving average is $84.07. Morgan Stanley has a twelve month low of $72.05 and a twelve month high of $109.73. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.38.

Morgan Stanley (NYSE:MSGet Rating) last posted 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 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 business’s revenue was down 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.89 EPS. As a group, research analysts forecast that Morgan Stanley will post 6.69 earnings per share for the current fiscal year.

Morgan Stanley declared that its Board of Directors has initiated a share buyback program on Monday, June 27th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 14.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Morgan Stanley Increases Dividend

The company also recently declared 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 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 yield of 3.55%. Morgan Stanley’s payout ratio is 41.89%.

Morgan Stanley 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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