Wedge Capital Management L L P NC lifted its position in shares of Morgan Stanley (NYSE:MS) by 0.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 638,558 shares of the financial services provider’s stock after purchasing an additional 4,001 shares during the period. Wedge Capital Management L L P NC’s holdings in Morgan Stanley were worth $27,975,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MS. Comerica Securities Inc. boosted its stake in Morgan Stanley by 308.5% during the 4th quarter. Comerica Securities Inc. now owns 84,676 shares of the financial services provider’s stock valued at $3,357,000 after purchasing an additional 63,950 shares during the period. Geode Capital Management LLC boosted its stake in Morgan Stanley by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 16,970,026 shares of the financial services provider’s stock valued at $671,686,000 after purchasing an additional 956,583 shares during the period. First Manhattan Co. boosted its stake in Morgan Stanley by 50.2% during the 1st quarter. First Manhattan Co. now owns 1,487 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 497 shares during the period. Sciencast Management LP acquired a new position in Morgan Stanley during the 1st quarter valued at about $919,000. Finally, Ropes Wealth Advisors LLC boosted its stake in Morgan Stanley by 58.8% during the 1st quarter. Ropes Wealth Advisors LLC now owns 1,350 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 500 shares during the period. Institutional investors own 84.14% of the company’s stock.

Shares of MS stock traded down $1.62 during midday trading on Wednesday, reaching $39.07. 651,840 shares of the company were exchanged, compared to its average volume of 11,000,771. Morgan Stanley has a 12 month low of $36.74 and a 12 month high of $50.42. The stock has a market capitalization of $64.85 billion, a P/E ratio of 8.46, a P/E/G ratio of 1.06 and a beta of 1.32. The business has a 50 day simple moving average of $43.55. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.77 and a current ratio of 0.77.

Morgan Stanley (NYSE:MS) last released its earnings results on Thursday, July 18th. The financial services provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.10. Morgan Stanley had a net margin of 16.06% and a return on equity of 11.04%. The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.02 billion. During the same period in the previous year, the firm earned $1.30 EPS. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities research analysts predict that Morgan Stanley will post 4.78 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a $0.35 dividend. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Tuesday, July 30th. Morgan Stanley’s payout ratio is presently 30.37%.

A number of analysts have commented on the stock. ValuEngine downgraded shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Oppenheimer set a $65.00 price target on shares of Morgan Stanley and gave the stock a “buy” rating in a research report on Friday, July 19th. Royal Bank of Canada set a $60.00 price target on shares of Morgan Stanley and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Co restated a “buy” rating on shares of Morgan Stanley in a research report on Wednesday, April 17th. Finally, BMO Capital Markets set a $69.00 price target on shares of Morgan Stanley and gave the stock a “buy” rating in a research report on Friday, July 19th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $56.92.

Morgan Stanley Company Profile

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.

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

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