Seatown Holdings Pte. Ltd. Has $10,947,000 Stake in Morgan Stanley (NYSE:MS)
Seatown Holdings Pte. Ltd. held its position in shares of Morgan Stanley (NYSE:MS) during the second quarter, Holdings Channel reports. The firm owned 245,660 shares of the financial services provider’s stock at the end of the second quarter. Morgan Stanley makes up 1.5% of Seatown Holdings Pte. Ltd.’s investment portfolio, making the stock its 23rd largest position. Seatown Holdings Pte. Ltd.’s holdings in Morgan Stanley were worth $10,947,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of MS. Parkside Financial Bank & Trust increased its position in shares of Morgan Stanley by 9.1% in the second quarter. Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider’s stock worth $101,000 after buying an additional 190 shares during the last quarter. Invictus RG bought a new position in Morgan Stanley during the first quarter valued at approximately $106,000. V Wealth Management LLC bought a new position in Morgan Stanley during the second quarter valued at approximately $106,000. FTB Advisors Inc. increased its position in Morgan Stanley by 8.1% in the first quarter. FTB Advisors Inc. now owns 2,605 shares of the financial services provider’s stock valued at $112,000 after buying an additional 196 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Morgan Stanley during the first quarter valued at approximately $120,000. Institutional investors and hedge funds own 85.67% of the company’s stock.
Shares of Morgan Stanley (NYSE MS) opened at 46.30 on Friday. Morgan Stanley has a 52-week low of $28.86 and a 52-week high of $48.90. The company has a market cap of $85.03 billion, a PE ratio of 13.26 and a beta of 1.63. The company’s 50-day moving average is $46.11 and its 200 day moving average is $44.36.
Morgan Stanley (NYSE:MS) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.11. The business had revenue of $9.50 billion during the quarter, compared to analyst estimates of $9.05 billion. Morgan Stanley had a return on equity of 9.83% and a net margin of 16.77%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. On average, analysts anticipate that Morgan Stanley will post $3.50 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, July 27th. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.20. Morgan Stanley’s payout ratio is presently 28.65%.
Morgan Stanley announced that its Board of Directors has initiated a share buyback plan on Wednesday, June 28th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 6.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
Several equities analysts have commented on the stock. J P Morgan Chase & Co reiterated a “buy” rating on shares of Morgan Stanley in a report on Tuesday, May 23rd. Deutsche Bank AG reiterated a “buy” rating on shares of Morgan Stanley in a report on Monday, July 3rd. Vetr upgraded shares of Morgan Stanley from a “sell” rating to a “hold” rating and set a $40.50 price objective on the stock in a report on Tuesday, May 23rd. Citigroup Inc. upped their price objective on shares of Morgan Stanley from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Tuesday, April 25th. Finally, HSBC Holdings plc set a $54.00 price objective on shares of Morgan Stanley and gave the company a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $48.02.
In other Morgan Stanley news, CFO Jonathan Pruzan sold 25,767 shares of Morgan Stanley 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 of the company’s stock, valued at approximately $9,182,329.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman James P. Gorman sold 212,366 shares of Morgan Stanley 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 of the company’s stock, valued at approximately $75,739,301.34. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.
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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