Morgan Stanley (MS) Shares Sold by Tokio Marine Asset Management Co. Ltd.
Tokio Marine Asset Management Co. Ltd. reduced its stake in Morgan Stanley (NYSE:MS) by 26.3% during the second quarter, Holdings Channel reports. The fund owned 15,516 shares of the financial services provider’s stock after selling 5,542 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Morgan Stanley were worth $691,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in MS. BlackRock Inc. increased its stake in Morgan Stanley by 2,798.9% in the first quarter. BlackRock Inc. now owns 101,168,197 shares of the financial services provider’s stock worth $4,334,046,000 after buying an additional 97,678,337 shares in the last quarter. FMR LLC increased its stake in Morgan Stanley by 16.9% in the first quarter. FMR LLC now owns 46,221,986 shares of the financial services provider’s stock worth $1,980,150,000 after buying an additional 6,692,676 shares in the last quarter. Epoch Investment Partners Inc. purchased a new stake in Morgan Stanley during the first quarter worth about $215,402,000. Massachusetts Financial Services Co. MA increased its stake in Morgan Stanley by 64.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 11,162,183 shares of the financial services provider’s stock worth $478,188,000 after buying an additional 4,380,706 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Morgan Stanley by 4.9% in the first quarter. Vanguard Group Inc. now owns 92,226,969 shares of the financial services provider’s stock worth $3,951,003,000 after buying an additional 4,331,723 shares in the last quarter. Institutional investors own 85.67% of the company’s stock.
Shares of Morgan Stanley (MS) opened at 48.31 on Tuesday. The stock has a market capitalization of $88.89 billion, a PE ratio of 13.83 and a beta of 1.63. The stock’s 50 day moving average price is $45.61 and its 200 day moving average price is $44.14. Morgan Stanley has a one year low of $28.59 and a one year high of $48.40. Morgan Stanley also saw some unusual options trading on Monday. Stock investors bought 6,765 call options on the stock. This is an increase of 381% compared to the average volume of 1,407 call options.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.76 by $0.11. Morgan Stanley had a return on equity of 9.83% and a net margin of 16.77%. The company had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.05 billion. During the same period last year, the company earned $0.75 earnings per share. Morgan Stanley’s quarterly revenue was up 6.7% compared to the same quarter last year. Equities research analysts predict that Morgan Stanley will post $3.52 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, July 27th. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.20. Morgan Stanley’s dividend payout ratio (DPR) is 28.65%.
Morgan Stanley declared that its board has authorized a stock repurchase plan on Wednesday, June 28th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 6.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts have issued reports on MS shares. Vetr downgraded Morgan Stanley from a “hold” rating to a “sell” rating and set a $40.50 price target for the company. in a research note on Wednesday, April 19th. Vining Sparks restated a “strong-buy” rating and set a $51.00 price target on shares of Morgan Stanley in a research note on Thursday, April 20th. Rafferty Capital Markets restated a “buy” rating and set a $50.00 price target on shares of Morgan Stanley in a research note on Saturday, April 22nd. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Monday, April 24th. Finally, Citigroup Inc. boosted their price target on Morgan Stanley from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $47.61.
In other news, CFO Jonathan Pruzan sold 25,767 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $46.68, for a total value of $1,202,803.56. Following the transaction, the chief financial officer now owns 196,708 shares in the company, valued at $9,182,329.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman James P. Gorman sold 212,366 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $47.26, for a total value of $10,036,417.16. Following the completion of the transaction, the chairman now owns 1,602,609 shares in the company, valued at approximately $75,739,301.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 450,498 shares of company stock worth $20,356,050. Company insiders own 0.24% of the company’s stock.
Morgan Stanley Company Profile
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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