Morgan Stanley (MS) Shares Bought by Schroder Investment Management Group
Schroder Investment Management Group grew its holdings in Morgan Stanley (NYSE:MS) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,362,754 shares of the financial services provider’s stock after purchasing an additional 138,885 shares during the quarter. Schroder Investment Management Group owned about 0.24% of Morgan Stanley worth $195,234,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Parkside Financial Bank & Trust grew its position in shares of 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 purchasing an additional 190 shares during the last quarter. V Wealth Management LLC acquired a new stake in shares of Morgan Stanley in the second quarter valued at about $106,000. Invictus RG acquired a new stake in shares of Morgan Stanley in the first quarter valued at about $106,000. FTB Advisors Inc. grew its position in shares of 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 purchasing an additional 196 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Morgan Stanley in the first quarter valued at about $120,000. 85.20% of the stock is currently owned by institutional investors.
Several equities research analysts recently weighed in on MS shares. Zacks Investment Research cut shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. ValuEngine cut shares of Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Instinet reiterated a “buy” rating and issued a $50.00 target price (down previously from $51.00) on shares of Morgan Stanley in a research note on Saturday, June 3rd. J P Morgan Chase & Co reiterated a “buy” rating on shares of Morgan Stanley in a research note on Monday, May 29th. Finally, Wells Fargo & Company started coverage on shares of Morgan Stanley in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $48.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $48.57.
In other news, Chairman James P. Gorman sold 212,366 shares of the firm’s stock in a transaction 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 completion of the transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jonathan Pruzan sold 25,767 shares of the firm’s stock in a transaction 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 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.
Shares of Morgan Stanley (NYSE MS) traded up 0.3195% during mid-day trading on Wednesday, hitting $45.0535. 2,087,071 shares of the company were exchanged. The firm has a market capitalization of $82.74 billion, a P/E ratio of 12.9056 and a beta of 1.63. Morgan Stanley has a 12-month low of $30.62 and a 12-month high of $48.90. The company’s 50-day moving average price is $46.38 and its 200-day moving average price is $44.54. Morgan Stanley also was the recipient of some unusual options trading activity on Monday. Stock traders purchased 6,765 call options on the stock. This is an increase of approximately 381% compared to the average daily volume of 1,407 call options.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.11. The firm had revenue of $9.50 billion during the quarter, compared to the consensus estimate of $9.05 billion. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 earnings per share. Equities research analysts predict that Morgan Stanley will post $3.50 earnings per share for the current fiscal year.
Morgan Stanley announced that its board has authorized a stock buyback program on Wednesday, June 28th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 6.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, July 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.23%. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.20. Morgan Stanley’s dividend payout ratio (DPR) is presently 28.65%.
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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