Richard Bernstein Advisors LLC continued to hold its stake in Morgan Stanley (NYSE:MS) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,435 shares of the financial services provider’s stock at the end of the second quarter. Richard Bernstein Advisors LLC’s holdings in Morgan Stanley were worth $3,985,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of MS. BlackRock Inc. raised its position in Morgan Stanley by 2,798.9% in the first quarter. BlackRock Inc. now owns 101,168,197 shares of the financial services provider’s stock worth $4,334,046,000 after buying an additional 97,678,337 shares in the last quarter. Vanguard Group Inc. raised its position in Morgan Stanley by 4.9% in the first quarter. Vanguard Group Inc. now owns 92,226,969 shares of the financial services provider’s stock worth $3,951,003,000 after buying an additional 4,331,723 shares in the last quarter. FMR LLC raised its position in Morgan Stanley by 16.9% in the first quarter. FMR LLC now owns 46,221,986 shares of the financial services provider’s stock worth $1,980,150,000 after buying an additional 6,692,676 shares in the last quarter. Geode Capital Management LLC raised its position in Morgan Stanley by 7.2% in the first quarter. Geode Capital Management LLC now owns 14,456,307 shares of the financial services provider’s stock worth $618,456,000 after buying an additional 970,041 shares in the last quarter. Finally, Janus Capital Management LLC raised its position in Morgan Stanley by 32.2% in the first quarter. Janus Capital Management LLC now owns 12,159,681 shares of the financial services provider’s stock worth $520,921,000 after buying an additional 2,962,234 shares in the last quarter. Institutional investors own 85.47% of the company’s stock.

Shares of Morgan Stanley (NYSE:MS) opened at 45.39 on Monday. The firm has a market capitalization of $83.36 billion, a P/E ratio of 13.00 and a beta of 1.63. Morgan Stanley has a 52-week low of $30.26 and a 52-week high of $48.90. The company’s 50-day moving average is $46.38 and its 200 day moving average is $44.47.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.11. The company had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $9.05 billion. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%. Morgan Stanley’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 earnings per share. Analysts expect that Morgan Stanley will post $3.50 EPS for the current fiscal year.

Morgan Stanley declared that its Board of Directors has approved a share repurchase plan on Wednesday, June 28th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 6.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.20%. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, July 27th. Morgan Stanley’s dividend payout ratio is 28.65%.

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A number of research firms recently commented on MS. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Morgan Stanley in a research report on Tuesday, May 23rd. Deutsche Bank AG reaffirmed a “buy” rating on shares of Morgan Stanley in a research report on Monday, July 3rd. Citigroup Inc. raised their price target on shares of Morgan Stanley from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 25th. Vetr raised shares of Morgan Stanley from a “sell” rating to a “hold” rating and set a $40.50 price target on the stock in a research report on Tuesday, May 23rd. Finally, HSBC Holdings plc set a $54.00 price target on shares of Morgan Stanley and gave the stock a “hold” rating in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Morgan Stanley has an average rating of “Buy” and a consensus price target of $48.57.

In other Morgan Stanley news, Chairman James P. Gorman sold 212,366 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $47.26, for a total transaction of $10,036,417.16. Following the transaction, the chairman now directly owns 1,602,609 shares in the company, valued at $75,739,301.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jonathan Pruzan sold 25,767 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $46.68, for a total transaction of $1,202,803.56. Following the transaction, the chief financial officer now owns 196,708 shares in the company, valued at $9,182,329.44. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

About Morgan Stanley

Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.

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

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