Morgan Stanley (MS) Shares Sold by Davidson Investment Advisors
Davidson Investment Advisors decreased its holdings in shares of Morgan Stanley (NYSE:MS) by 8.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 267,097 shares of the financial services provider’s stock after selling 24,428 shares during the period. Morgan Stanley makes up about 1.7% of Davidson Investment Advisors’ holdings, making the stock its 16th largest holding. Davidson Investment Advisors’ holdings in Morgan Stanley were worth $11,901,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of MS. BlackRock Inc. boosted its stake in Morgan Stanley by 2,798.9% during 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 during the period. FMR LLC boosted its stake in Morgan Stanley by 16.9% during 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 during the period. Epoch Investment Partners Inc. bought a new stake in Morgan Stanley during the first quarter valued at $215,402,000. Massachusetts Financial Services Co. MA boosted its stake in Morgan Stanley by 64.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 11,162,183 shares of the financial services provider’s stock valued at $478,188,000 after buying an additional 4,380,706 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Morgan Stanley by 4.9% during 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 during the period. 85.18% of the stock is owned by institutional investors.
In related news, Chairman James P. Gorman sold 212,366 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $47.26, for a total value of $10,036,417.16. Following the sale, the chairman now directly owns 1,602,609 shares of the company’s stock, valued at approximately $75,739,301.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jonathan Pruzan sold 25,767 shares of the stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $46.68, for a total transaction of $1,202,803.56. Following the completion of the sale, the chief financial officer now directly owns 196,708 shares in the company, valued at $9,182,329.44. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
Several equities research analysts recently issued reports on MS shares. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Tuesday, June 13th. BMO Capital Markets lifted their price objective on Morgan Stanley from $58.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, July 20th. J P Morgan Chase & Co set a $53.00 price objective on Morgan Stanley and gave the company a “buy” rating in a research note on Friday. ValuEngine lowered Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $50.00 price objective on shares of Morgan Stanley in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.48.
Shares of Morgan Stanley (NYSE MS) traded up 1.70% on Monday, reaching $47.39. The company had a trading volume of 2,115,824 shares. Morgan Stanley has a 52 week low of $30.62 and a 52 week high of $48.90. The stock’s 50 day moving average is $46.09 and its 200 day moving average is $44.54. The firm has a market capitalization of $87.04 billion, a price-to-earnings ratio of 13.57 and a beta of 1.63.
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 Zacks’ consensus estimate of $0.76 by $0.11. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%. The company had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.05 billion. During the same period in the prior year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities analysts anticipate that Morgan Stanley will post $3.50 EPS for the current year.
Morgan Stanley announced that its board has authorized a share buyback program on Wednesday, June 28th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 6.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
Morgan Stanley 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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