Morgan Stanley $MS Position Reduced by Kohmann Bosshard Financial Services LLC

Kohmann Bosshard Financial Services LLC trimmed its position in Morgan Stanley (NYSE:MS) by 92.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,969 shares of the financial services provider’s stock after selling 25,000 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in Morgan Stanley were worth $277,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Journey Strategic Wealth LLC grew its position in Morgan Stanley by 120.1% during the 2nd quarter. Journey Strategic Wealth LLC now owns 8,062 shares of the financial services provider’s stock worth $1,136,000 after purchasing an additional 4,399 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Morgan Stanley by 18.1% in the second quarter. Franklin Resources Inc. now owns 9,623,305 shares of the financial services provider’s stock worth $1,355,537,000 after buying an additional 1,476,372 shares during the period. White Pine Capital LLC boosted its position in shares of Morgan Stanley by 2.2% in the second quarter. White Pine Capital LLC now owns 15,820 shares of the financial services provider’s stock worth $2,228,000 after buying an additional 335 shares during the period. MAI Capital Management grew its holdings in shares of Morgan Stanley by 0.8% during the second quarter. MAI Capital Management now owns 162,634 shares of the financial services provider’s stock valued at $22,909,000 after buying an additional 1,246 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in Morgan Stanley during the second quarter valued at $1,469,000. Institutional investors and hedge funds own 84.19% of the company’s stock.

Morgan Stanley Price Performance

NYSE MS opened at $158.72 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 3.30. The stock has a market capitalization of $252.26 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 1.70 and a beta of 1.33. Morgan Stanley has a 12-month low of $94.33 and a 12-month high of $171.77. The company has a 50 day moving average price of $160.42 and a two-hundred day moving average price of $146.25.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $2.80 EPS for the quarter, topping the consensus estimate of $2.07 by $0.73. The company had revenue of $17.98 billion for the quarter, compared to analyst estimates of $16.42 billion. Morgan Stanley had a net margin of 13.85% and a return on equity of 16.55%. Morgan Stanley’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.88 EPS. As a group, equities analysts predict that Morgan Stanley will post 8.56 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.5%. The ex-dividend date was Friday, October 31st. Morgan Stanley’s dividend payout ratio (DPR) is 41.03%.

Insider Buying and Selling at Morgan Stanley

In other news, CEO Edward Pick sold 100,000 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $164.34, for a total transaction of $16,434,000.00. Following the completion of the sale, the chief executive officer owned 574,986 shares in the company, valued at approximately $94,493,199.24. This represents a 14.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BMO Capital Markets began coverage on Morgan Stanley in a research report on Friday, October 3rd. They set an “outperform” rating and a $180.00 price objective for the company. JPMorgan Chase & Co. raised their price target on shares of Morgan Stanley from $122.00 to $157.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Dbs Bank raised shares of Morgan Stanley to a “moderate buy” rating in a research report on Wednesday, November 12th. Evercore ISI increased their target price on shares of Morgan Stanley from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Morgan Stanley from $176.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.23.

About Morgan Stanley

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.