Andra AP fonden reduced its stake in shares of Morgan Stanley (NYSE:MS) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,400 shares of the financial services provider’s stock after selling 1,100 shares during the period. Andra AP fonden’s holdings in Morgan Stanley were worth $5,098,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust increased its stake in Morgan Stanley by 9.1% in the second quarter. Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider’s stock valued at $101,000 after buying an additional 190 shares during the last quarter. V Wealth Management LLC acquired a new stake in Morgan Stanley during the second quarter valued at about $106,000. Invictus RG acquired a new stake in Morgan Stanley during the first quarter valued at about $106,000. FTB Advisors Inc. increased its stake in Morgan Stanley by 8.1% in the first quarter. FTB Advisors Inc. now owns 2,605 shares of the financial services provider’s stock valued at $112,000 after buying an additional 196 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in Morgan Stanley during the first quarter valued at about $120,000. Institutional investors own 85.20% of the company’s stock.

Shares of Morgan Stanley (NYSE:MS) opened at 45.48 on Tuesday. Morgan Stanley has a 52 week low of $30.62 and a 52 week high of $48.90. The company has a market capitalization of $83.53 billion, a PE ratio of 13.03 and a beta of 1.63. The company has a 50-day moving average price of $46.35 and a 200-day moving average price of $44.56.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.76 by $0.11. Morgan Stanley had a return on equity of 9.83% and a net margin of 16.77%. The firm had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $9.05 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. Analysts predict 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Thursday, July 27th. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.20. Morgan Stanley’s dividend payout ratio (DPR) is currently 28.65%.

Morgan Stanley announced that its board has initiated a stock 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 shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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Several research firms recently issued reports on MS. HSBC Holdings plc set a $54.00 price target on shares of Morgan Stanley and gave the company a “hold” rating in a research report on Friday, August 11th. Wells Fargo & Company began coverage on shares of Morgan Stanley in a research report on Wednesday, August 9th. They issued a “market perform” rating and a $48.00 price target for the company. Zacks Investment Research raised shares of Morgan Stanley from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Macquarie reissued an “outperform” rating and issued a $52.00 price target (up previously from $51.00) on shares of Morgan Stanley in a research report on Saturday, July 22nd. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $49.00 price target (up previously from $47.00) on shares of Morgan Stanley in a research report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Morgan Stanley has a consensus rating of “Buy” and an average price target of $48.57.

In related news, Chairman James P. Gorman sold 212,366 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $47.26, for a total value of $10,036,417.16. Following the completion of the sale, the chairman now owns 1,602,609 shares of the company’s stock, valued at $75,739,301.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 value of $1,202,803.56. Following the completion of the sale, the chief financial officer now directly owns 196,708 shares of the company’s stock, valued at approximately $9,182,329.44. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company 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.

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

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