Morgan Stanley (MS) Shares Sold by Montag A & Associates Inc.
Montag A & Associates Inc. cut its stake in shares of Morgan Stanley (NYSE:MS) by 24.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,754 shares of the financial services provider’s stock after selling 22,013 shares during the period. Montag A & Associates Inc.’s holdings in Morgan Stanley were worth $3,064,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of MS. BlackRock Inc. increased its stake 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 valued at $4,334,046,000 after buying an additional 97,678,337 shares in the last quarter. Vanguard Group Inc. increased its stake 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 valued at $3,951,003,000 after buying an additional 4,331,723 shares in the last quarter. FMR LLC increased its stake 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 valued at $1,980,150,000 after buying an additional 6,692,676 shares in the last quarter. Geode Capital Management LLC increased its stake 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 valued at $618,456,000 after buying an additional 970,041 shares in the last quarter. Finally, Janus Capital Management LLC increased its stake 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 valued at $520,921,000 after buying an additional 2,962,234 shares in the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.
Shares of Morgan Stanley (NYSE:MS) traded down 0.13% during mid-day trading on Monday, hitting $45.33. The company had a trading volume of 210,410 shares. The stock’s 50-day moving average is $46.38 and its 200-day moving average is $44.47. Morgan Stanley has a 52-week low of $30.26 and a 52-week high of $48.90. The stock has a market cap of $83.25 billion, a price-to-earnings ratio of 12.98 and a beta of 1.63.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.11. The company had revenue of $9.50 billion during the quarter, compared to analyst estimates of $9.05 billion. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. Equities analysts forecast that Morgan Stanley will post $3.50 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were given a dividend of $0.25 per share. The ex-dividend date was Thursday, July 27th. This represents a $1.00 annualized dividend and a yield of 2.20%. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.20. Morgan Stanley’s dividend payout ratio is presently 28.65%.
Morgan Stanley declared that its Board of Directors has authorized a share repurchase program on Wednesday, June 28th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 6.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
MS has been the subject of several analyst reports. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Tuesday, June 13th. BMO Capital Markets boosted their target price on Morgan Stanley from $58.00 to $61.00 and gave the stock an “outperform” rating in a research note on Thursday, July 20th. Vetr raised Morgan Stanley from a “sell” rating to a “hold” rating and set a $40.50 target price for the company in a research note on Wednesday, May 17th. Royal Bank Of Canada reissued a “buy” rating and set a $50.00 target price on shares of Morgan Stanley in a research note on Tuesday, June 6th. Finally, J P Morgan Chase & Co reissued a “buy” rating and set a $53.00 target price on shares of Morgan Stanley in a research note on Monday, June 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $48.57.
In other Morgan Stanley news, CFO Jonathan Pruzan sold 25,767 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 196,708 shares in the company, valued at $9,182,329.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman James P. Gorman sold 212,366 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $47.26, for a total transaction of $10,036,417.16. Following the transaction, the chairman now owns 1,602,609 shares of the company’s stock, valued at approximately $75,739,301.34. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.
Morgan Stanley Company Profile
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.
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