TD Asset Management Inc. decreased its position in Morgan Stanley (NYSE:MS) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,301,803 shares of the financial services provider’s stock after selling 24,334 shares during the period. TD Asset Management Inc. owned about 0.26% of Morgan Stanley worth $188,462,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. IMA Wealth Inc. acquired a new stake in shares of Morgan Stanley in the first quarter valued at about $31,000. Citizens Financial Group Inc RI lifted its stake in shares of Morgan Stanley by 46.2% in the first quarter. Citizens Financial Group Inc RI now owns 775 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 245 shares during the period. Destination Wealth Management lifted its stake in shares of Morgan Stanley by 38.7% in the first quarter. Destination Wealth Management now owns 771 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 215 shares during the period. Clean Yield Group acquired a new stake in shares of Morgan Stanley in the second quarter valued at about $36,000. Finally, Rational Advisors LLC lifted its stake in shares of Morgan Stanley by 358.7% in the first quarter. Rational Advisors LLC now owns 1,266 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 990 shares during the period. 84.14% of the stock is currently owned by institutional investors and hedge funds.

NYSE MS traded up $0.30 during trading hours on Tuesday, hitting $40.66. 1,069,596 shares of the company’s stock were exchanged, compared to its average volume of 10,235,812. The stock has a 50 day simple moving average of $43.60. Morgan Stanley has a 12-month low of $36.74 and a 12-month high of $50.42. The firm has a market capitalization of $66.66 billion, a price-to-earnings ratio of 8.82, a P/E/G ratio of 1.06 and a beta of 1.32. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.66.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.13 by $0.10. Morgan Stanley had a return on equity of 11.04% and a net margin of 16.06%. The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.02 billion. During the same quarter in the previous year, the business earned $1.30 EPS. The firm’s revenue was down 3.4% on a year-over-year basis. On average, research analysts anticipate that Morgan Stanley will post 4.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, July 30th. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 3.44%. Morgan Stanley’s dividend payout ratio (DPR) is currently 30.37%.

Several brokerages recently commented on MS. Oppenheimer set a $65.00 price objective on shares of Morgan Stanley and gave the company a “buy” rating in a research note on Friday, July 19th. Citigroup upgraded shares of Morgan Stanley from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $48.00 to $52.00 in a research report on Friday, July 12th. Royal Bank of Canada set a $60.00 target price on shares of Morgan Stanley and gave the stock a “buy” rating in a research report on Wednesday, April 24th. ValuEngine cut shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Finally, BMO Capital Markets set a $69.00 target price on shares of Morgan Stanley and gave the stock a “buy” rating in a research report on Friday, July 19th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $56.92.

Morgan Stanley Company Profile

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.

Recommended Story: What is Elliott Wave theory?

Want to see what other hedge funds are holding MS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morgan Stanley (NYSE:MS).

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

Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.