Sei Investments Co. Increases Position in Morgan Stanley (NYSE:MS)
Sei Investments Co. boosted its stake in shares of Morgan Stanley (NYSE:MS) by 8.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,079,521 shares of the financial services provider’s stock after buying an additional 82,554 shares during the period. Sei Investments Co.’s holdings in Morgan Stanley were worth $48,103,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted 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 valued at $4,334,046,000 after buying an additional 97,678,337 shares during the period. FMR LLC boosted 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 valued at $1,980,150,000 after buying an additional 6,692,676 shares during the period. Epoch Investment Partners Inc. purchased a new stake in Morgan Stanley during the first quarter valued at approximately $215,402,000. Massachusetts Financial Services Co. MA boosted 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 valued at $478,188,000 after buying an additional 4,380,706 shares during the period. Finally, Vanguard Group Inc. boosted 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 valued at $3,951,003,000 after buying an additional 4,331,723 shares during the period. 85.67% of the stock is owned by institutional investors.
Shares of Morgan Stanley (NYSE:MS) opened at 46.30 on Friday. Morgan Stanley has a one year low of $28.86 and a one year high of $48.90. The company has a market capitalization of $85.03 billion, a price-to-earnings ratio of 13.26 and a beta of 1.63. The stock has a 50 day moving average price of $46.11 and a 200-day moving average price of $44.36.
Morgan Stanley (NYSE:MS) last released its quarterly earnings data 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. The company had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $9.05 billion. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. On average, equities research analysts expect that Morgan Stanley will post $3.50 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, July 27th. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.20. Morgan Stanley’s dividend payout ratio is 28.65%.
Morgan Stanley declared that its board has initiated a share buyback program on Wednesday, June 28th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 6.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several equities research analysts have recently commented on MS shares. Instinet reissued a “buy” rating and issued a $50.00 target price (down from $51.00) on shares of Morgan Stanley in a research note on Saturday, June 3rd. Buckingham Research reissued a “buy” rating and issued a $54.00 target price (up from $51.00) on shares of Morgan Stanley in a research note on Monday, July 10th. Zacks Investment Research cut Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BMO Capital Markets lifted their target price on Morgan Stanley from $58.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, July 20th. Finally, Vetr cut Morgan Stanley from a “hold” rating to a “sell” rating and set a $40.50 target price for the company. in a research note on Wednesday, April 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $48.02.
In other news, CFO Jonathan Pruzan sold 25,767 shares of the stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $46.68, for a total transaction of $1,202,803.56. Following 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 is available through the SEC website. Also, Chairman James P. Gorman sold 212,366 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $47.26, for a total transaction 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 disclosure for this sale can be found here. 0.35% of the stock is owned by corporate 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.
Want to see what other hedge funds are holding MS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morgan Stanley (NYSE:MS).
Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.