Telos Capital Management Inc. grew its stake in shares of Morgan Stanley (NYSE:MS) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,455 shares of the financial services provider’s stock after buying an additional 1,809 shares during the period. Telos Capital Management Inc.’s holdings in Morgan Stanley were worth $2,913,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Boston Partners grew its position in shares of Morgan Stanley by 476.1% in the first quarter. Boston Partners now owns 2,120,958 shares of the financial services provider’s stock valued at $114,447,000 after purchasing an additional 1,752,824 shares during the period. Westwood Holdings Group Inc. purchased a new stake in shares of Morgan Stanley in the first quarter valued at $80,530,000. Toronto Dominion Bank grew its position in shares of Morgan Stanley by 211.9% in the first quarter. Toronto Dominion Bank now owns 2,087,633 shares of the financial services provider’s stock valued at $112,621,000 after purchasing an additional 1,418,331 shares during the period. FIL Ltd grew its position in shares of Morgan Stanley by 29.2% in the first quarter. FIL Ltd now owns 3,867,129 shares of the financial services provider’s stock valued at $208,671,000 after purchasing an additional 875,087 shares during the period. Finally, Summit Trail Advisors LLC grew its position in shares of Morgan Stanley by 4,471.2% in the first quarter. Summit Trail Advisors LLC now owns 875,756 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 856,598 shares during the period. 85.17% of the stock is owned by institutional investors.
Morgan Stanley opened at $51.05 on Monday, MarketBeat reports. The company has a market cap of $90.37 billion, a PE ratio of 14.18, a P/E/G ratio of 0.90 and a beta of 1.49. Morgan Stanley has a 52 week low of $43.84 and a 52 week high of $59.38. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.82 and a quick ratio of 0.82.
Morgan Stanley (NYSE:MS) last posted its earnings results on Wednesday, July 18th. The financial services provider reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.19. The company had revenue of $10.61 billion during the quarter, compared to analyst estimates of $10.05 billion. Morgan Stanley had a return on equity of 12.09% and a net margin of 15.84%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 earnings per share. equities research analysts anticipate that Morgan Stanley will post 4.87 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 15th. Stockholders of record on Tuesday, July 31st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, July 30th. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 2.35%. Morgan Stanley’s dividend payout ratio is 27.78%.
Morgan Stanley declared that its Board of Directors has initiated a stock buyback program on Thursday, June 28th that allows the company to buyback $4.70 billion in shares. This buyback authorization allows the financial services provider to repurchase up to 5.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
MS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Tuesday, July 24th. Citigroup reduced their price objective on Morgan Stanley from $58.00 to $56.00 and set a “neutral” rating on the stock in a research note on Friday, July 20th. Goldman Sachs Group set a $59.00 price target on Morgan Stanley and gave the stock a “neutral” rating in a research note on Friday, July 20th. Societe Generale reiterated a “$49.85” rating and issued a $56.00 price target on shares of Morgan Stanley in a research note on Thursday, July 19th. Finally, ValuEngine raised Morgan Stanley from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Morgan Stanley currently has an average rating of “Buy” and an average price target of $57.05.
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 three segments: Institutional Securities, Wealth Management, and Investment Management.
Further Reading: Price to Earnings Ratio (PE) Basics
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