Stonnington Group LLC Sells 4,550 Shares of Morgan Stanley (NYSE:MS)

Stonnington Group LLC lowered its position in shares of Morgan Stanley (NYSE:MSGet Rating) by 60.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,000 shares of the financial services provider’s stock after selling 4,550 shares during the quarter. Stonnington Group LLC’s holdings in Morgan Stanley were worth $231,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MS. Johnson Financial Group Inc. increased its stake in shares of Morgan Stanley by 1.2% during the 4th quarter. Johnson Financial Group Inc. now owns 8,714 shares of the financial services provider’s stock worth $855,000 after purchasing an additional 102 shares during the last quarter. Jackson Square Capital LLC lifted its holdings in shares of Morgan Stanley by 2.2% during the 1st quarter. Jackson Square Capital LLC now owns 5,167 shares of the financial services provider’s stock worth $452,000 after acquiring an additional 112 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of 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 worth $297,000 after acquiring an additional 119 shares during the last quarter. Benson Investment Management Company Inc. raised its position in Morgan Stanley by 0.3% in the 1st 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 raised its position in Morgan Stanley by 3.3% in the 1st quarter. Kaizen Financial Strategies now owns 3,831 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 121 shares during the period. Institutional investors own 83.36% of the company’s stock.

Wall Street Analyst Weigh In

MS has been the topic of a number of research reports. Wells Fargo & Company cut their target price 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 target price on shares of Morgan Stanley from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, July 4th. Barclays reduced their price objective on shares of Morgan Stanley from $123.00 to $108.00 and set an “overweight” rating for the company in a research note on Friday, July 15th. Oppenheimer reduced their price objective on shares of Morgan Stanley from $97.00 to $93.00 and set an “outperform” rating for the company in a research note on Friday, July 15th. Finally, BMO Capital Markets dropped their target price on shares of Morgan Stanley from $105.00 to $99.00 in a research report on Friday, July 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Morgan Stanley currently has an average rating of “Hold” and a consensus price target of $100.08.

Morgan Stanley Stock Down 0.9 %

MS stock opened at $87.43 on Monday. The firm has a 50 day moving average of $85.41 and a 200 day moving average of $84.07. The stock has a market capitalization of $150.10 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 1.63 and a beta of 1.38. 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 has a 52 week low of $72.05 and a 52 week high of $109.73.

Morgan Stanley (NYSE:MSGet Rating) last released its earnings results on Thursday, July 14th. The financial services provider reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.32). Morgan Stanley had a return on equity of 14.33% and a net margin of 22.76%. The company had revenue of $13.13 billion during the quarter, compared to analyst estimates of $13.50 billion. During the same quarter last year, the business earned $1.89 earnings per share. The firm’s revenue for the quarter was down 11.0% on a year-over-year basis. Sell-side analysts forecast that Morgan Stanley will post 6.69 earnings per share for the current year.

Morgan Stanley Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 29th were paid a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 3.55%. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, July 28th. Morgan Stanley’s payout ratio is presently 41.89%.

Morgan Stanley announced that its Board of Directors has approved a stock 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 often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Morgan Stanley

In other Morgan Stanley news, major shareholder Stanley Morgan acquired 8,598 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was acquired at an average cost of $8.41 per share, for a total transaction of $72,309.18. Following the purchase, the insider now owns 8,598 shares in the company, valued at approximately $72,309.18. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.26% of the company’s stock.

Morgan Stanley Profile

(Get Rating)

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.

Further Reading

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

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