Moneta Group Investment Advisors LLC cut its holdings in Morgan Stanley (NYSE:MS) by 49.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,588 shares of the financial services provider’s stock after selling 5,407 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Morgan Stanley were worth $482,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. Massey Quick Simon & CO. LLC grew its holdings in shares of Morgan Stanley by 276.4% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 606 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 445 shares during the last quarter. IMA Wealth Inc. acquired a new position in shares of Morgan Stanley during the first quarter worth $31,000. Citizens Financial Group Inc RI increased its holdings in shares of Morgan Stanley by 46.2% during the first quarter. Citizens Financial Group Inc RI now owns 775 shares of the financial services provider’s stock worth $32,000 after buying an additional 245 shares in the last quarter. Clean Yield Group acquired a new position in shares of Morgan Stanley during the second quarter worth $36,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of Morgan Stanley by 1,228.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,235 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 1,142 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.
NYSE MS traded up $0.09 on Wednesday, reaching $43.67. The company had a trading volume of 414,172 shares, compared to its average volume of 9,464,453. The firm has a market cap of $72.21 billion, a price-to-earnings ratio of 9.47, a P/E/G ratio of 1.10 and a beta of 1.33. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.77 and a quick ratio of 0.77. Morgan Stanley has a fifty-two week low of $36.74 and a fifty-two week high of $50.37. The business has a 50 day moving average of $41.75 and a two-hundred day moving average of $43.42.
Morgan Stanley (NYSE:MS) last announced its earnings results on Thursday, July 18th. The financial services provider reported $1.23 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.02 billion. During the same period in the previous year, the business earned $1.30 EPS. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. As a group, research analysts predict that Morgan Stanley will post 4.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.21%. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, July 30th. Morgan Stanley’s dividend payout ratio (DPR) is 30.37%.
MS has been the topic of several recent research reports. Citigroup raised Morgan Stanley from a “neutral” rating to a “buy” rating and raised their price objective for the company from $48.00 to $52.00 in a report on Friday, July 12th. BMO Capital Markets set a $69.00 target price on Morgan Stanley and gave the stock a “buy” rating in a report on Friday, July 19th. TheStreet downgraded Morgan Stanley from a “b” rating to a “c+” rating in a research report on Wednesday, August 14th. Finally, Oppenheimer set a $65.00 price target on Morgan Stanley and gave the company a “buy” rating in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $56.45.
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.
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