Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Morgan Stanley (NYSE:MS – Get Rating) by 18.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,450 shares of the financial services provider’s stock after purchasing an additional 26,390 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Morgan Stanley were worth $12,888,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in MS. Western Pacific Wealth Management LP bought a new stake in shares of Morgan Stanley in the 4th quarter valued at $29,000. Tyler Stone Wealth Management bought a new position in shares of Morgan Stanley during the 4th quarter worth about $29,000. Sound Income Strategies LLC grew its stake in shares of Morgan Stanley by 78.6% in the 2nd quarter. Sound Income Strategies LLC now owns 343 shares of the financial services provider’s stock valued at $26,000 after buying an additional 151 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new stake in Morgan Stanley in the 1st quarter valued at about $32,000. Finally, Advanced Research Investment Solutions LLC acquired a new position in Morgan Stanley during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 83.36% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. Piper Sandler decreased their price objective on Morgan Stanley from $100.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, July 1st. Royal Bank of Canada lowered their price objective on shares of Morgan Stanley from $97.00 to $80.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 28th. BMO Capital Markets reduced their price objective on shares of Morgan Stanley from $105.00 to $99.00 in a report on Friday, July 15th. Barclays lowered their target price on shares of Morgan Stanley from $123.00 to $108.00 and set an “overweight” rating on the stock in a report on Friday, July 15th. Finally, Credit Suisse Group lifted their price target on Morgan Stanley from $95.00 to $97.00 and gave the company an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $99.38.
Insider Activity at Morgan Stanley
Morgan Stanley Price Performance
MS opened at $86.36 on Thursday. The firm has a market cap of $148.27 billion, a P/E ratio of 11.67, a PEG ratio of 1.66 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. Morgan Stanley has a fifty-two week low of $72.05 and a fifty-two week high of $109.73. The firm has a 50-day moving average of $86.12 and a 200 day moving average of $84.10.
Morgan Stanley (NYSE:MS – Get Rating) last posted its quarterly earnings results on Thursday, July 14th. The financial services provider reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.11). 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 the consensus estimate of $13.50 billion. During the same period last year, the firm posted $1.89 EPS. The company’s revenue for the quarter was down 11.0% compared to the same quarter last year. On average, research analysts expect that Morgan Stanley will post 6.69 EPS for the current year.
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 issued a $0.775 dividend. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $3.10 annualized dividend and a yield of 3.59%. 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%.
Morgan Stanley declared that its board has approved a share buyback 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 repurchase up to 14.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Morgan Stanley 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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