Candriam Luxembourg S.C.A. reduced its stake in shares of Morgan Stanley (NYSE:MS) by 11.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,067 shares of the financial services provider’s stock after selling 14,601 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Morgan Stanley were worth $5,083,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. boosted its position in shares of 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 valued at $4,334,046,000 after buying an additional 97,678,337 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of 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 valued at $3,951,003,000 after buying an additional 4,331,723 shares in the last quarter. FMR LLC boosted its position in shares of Morgan Stanley by 16.9% in the first quarter. FMR LLC now owns 46,221,986 shares of the financial services provider’s stock valued at $1,980,150,000 after buying an additional 6,692,676 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Morgan Stanley by 7.2% in the first quarter. Geode Capital Management LLC now owns 14,456,307 shares of the financial services provider’s stock valued at $618,456,000 after buying an additional 970,041 shares in the last quarter. Finally, Janus Capital Management LLC boosted its position in shares of Morgan Stanley by 32.2% in the first quarter. Janus Capital Management LLC now owns 12,159,681 shares of the financial services provider’s stock valued at $520,921,000 after buying an additional 2,962,234 shares in the last quarter. 85.67% of the stock is owned by institutional investors.

Morgan Stanley (MS) opened at 46.30 on Friday. Morgan Stanley has a 1-year low of $28.86 and a 1-year high of $48.90. The firm has a 50-day moving average of $46.11 and a 200-day moving average of $44.36. The firm has a market capitalization of $85.03 billion, a price-to-earnings ratio of 13.26 and a beta of 1.63.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.11. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%. The company had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.05 billion. During the same period last year, the firm posted $0.75 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, analysts expect that Morgan Stanley will post $3.50 earnings per share for the current year.

Morgan Stanley declared that its board has initiated a share buyback program on Wednesday, June 28th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 6.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

The firm also recently declared 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 is an increase from Morgan Stanley’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Thursday, July 27th. Morgan Stanley’s dividend payout ratio (DPR) is presently 28.65%.

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MS has been the subject of several recent research reports. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Tuesday, June 13th. BMO Capital Markets raised their price target on shares of Morgan Stanley from $58.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday, July 20th. Vetr raised shares of Morgan Stanley from a “sell” rating to a “hold” rating and set a $40.50 price target for the company in a research report on Wednesday, May 17th. Royal Bank Of Canada reissued a “buy” rating and issued a $50.00 price target on shares of Morgan Stanley in a research report on Tuesday, June 6th. Finally, J P Morgan Chase & Co reissued a “buy” rating and issued a $53.00 price target on shares of Morgan Stanley in a research report on Monday, June 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $48.02.

In other news, Chairman James P. Gorman sold 212,366 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now directly owns 1,602,609 shares in the company, valued at approximately $75,739,301.34. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jonathan Pruzan sold 25,767 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $46.68, for a total transaction of $1,202,803.56. Following the completion of the transaction, the chief financial officer now owns 196,708 shares in the company, valued at $9,182,329.44. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

About Morgan Stanley

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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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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