Czech National Bank boosted its position in shares of Morgan Stanley (NYSE:MS – Free Report) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 341,206 shares of the financial services provider’s stock after buying an additional 13,552 shares during the period. Czech National Bank’s holdings in Morgan Stanley were worth $71,326,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of MS. Vanguard Group Inc. increased its holdings in shares of Morgan Stanley by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 119,718,100 shares of the financial services provider’s stock valued at $21,253,554,000 after acquiring an additional 1,361,940 shares during the period. State Street Corp boosted its stake in Morgan Stanley by 0.5% during the 4th quarter. State Street Corp now owns 103,854,751 shares of the financial services provider’s stock worth $18,437,334,000 after purchasing an additional 539,544 shares during the period. Geode Capital Management LLC grew its position in Morgan Stanley by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 27,070,557 shares of the financial services provider’s stock worth $4,786,350,000 after purchasing an additional 534,708 shares during the last quarter. Fisher Asset Management LLC grew its position in Morgan Stanley by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 25,018,335 shares of the financial services provider’s stock worth $4,441,505,000 after purchasing an additional 524,189 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Morgan Stanley by 0.5% in the first quarter. Bank of America Corp DE now owns 16,326,676 shares of the financial services provider’s stock valued at $2,686,881,000 after purchasing an additional 87,533 shares during the period. 84.19% of the stock is owned by institutional investors and hedge funds.
Morgan Stanley Stock Down 2.0%
Shares of NYSE:MS opened at $213.99 on Friday. Morgan Stanley has a fifty-two week low of $140.60 and a fifty-two week high of $232.25. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 3.65. The firm’s 50-day simple moving average is $216.36 and its 200-day simple moving average is $191.66. The company has a market cap of $337.52 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.55 and a beta of 1.22.
Morgan Stanley declared that its Board of Directors has initiated a share buyback plan on Wednesday, June 24th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 5.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
Morgan Stanley Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a dividend of $1.15 per share. This is a boost from Morgan Stanley’s previous quarterly dividend of $1.00. This represents a $4.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, July 31st. Morgan Stanley’s dividend payout ratio is currently 37.19%.
More Morgan Stanley News
Here are the key news stories impacting Morgan Stanley this week:
- Positive Sentiment: Morgan Stanley’s possible billion-dollar regional hub in downtown Dallas received approval for a key planning element, supporting the firm’s long-term growth and talent-retention strategy in the region. Morgan Stanley’s possible downtown hub gets sign approval
- Positive Sentiment: Wealth management remains an important stabilizing factor for Morgan Stanley, providing recurring fee revenue and diversification from more market-sensitive investment-banking and trading operations. Why Is Wealth Management Anchoring Morgan Stanley
- Neutral Sentiment: Analyst views remain mixed, suggesting investors may be reassessing Morgan Stanley’s valuation after its strong earnings performance. The company previously reported quarterly EPS of $3.46 and revenue of $21.35 billion, both above consensus estimates.
- Negative Sentiment: A Morgan Stanley-led banking group is reportedly preparing to sell roughly $15 billion of debt connected to a Google-backed Anthropic data center. The transaction could generate fees, but investors may be concerned about exposure to heavily leveraged AI infrastructure financing and the possibility that banks are transferring risk to the market. Morgan Stanley-led banks to offload debt tied to Anthropic data center
Wall Street Analysts Forecast Growth
MS has been the subject of a number of research reports. Jefferies Financial Group raised shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. BMO Capital Markets boosted their price target on Morgan Stanley from $240.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Daiwa Securities Group boosted their price target on Morgan Stanley from $175.00 to $198.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. CICC Research upped their price objective on Morgan Stanley from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Finally, Argus increased their price objective on Morgan Stanley from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $224.75.
Read Our Latest Research Report on MS
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a global financial services firm headquartered in New York City. Founded in 1935 by Henry S. Morgan and Harold Stanley, the company provides a broad range of investment banking, securities, wealth management and investment management services to corporations, governments, institutions and individual investors. Leadership has been guided by a senior executive team and board of directors; James P. Gorman has served as the company’s chief executive and chairman in recent years.
The firm’s primary business activities are organized around three principal businesses: Institutional Securities, Wealth Management and Investment Management.
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