Mayflower Financial Advisors LLC Sells 1,985 Shares of Morgan Stanley (NYSE:MS)

Mayflower Financial Advisors LLC reduced its stake in Morgan Stanley (NYSE:MSGet Rating) by 4.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 43,216 shares of the financial services provider’s stock after selling 1,985 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Morgan Stanley were worth $3,287,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MS. Johnson Financial Group Inc. boosted its stake in Morgan Stanley by 1.2% in the fourth quarter. Johnson Financial Group Inc. now owns 8,714 shares of the financial services provider’s stock valued at $855,000 after acquiring an additional 102 shares during the last quarter. Jackson Square Capital LLC grew its position in Morgan Stanley by 2.2% in the first quarter. Jackson Square Capital LLC now owns 5,167 shares of the financial services provider’s stock worth $452,000 after acquiring an additional 112 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in Morgan Stanley by 3.5% during the first quarter. Foundations Investment Advisors LLC now owns 3,506 shares of the financial services provider’s stock worth $297,000 after purchasing an additional 119 shares during the last quarter. Benson Investment Management Company Inc. lifted its stake in Morgan Stanley by 0.3% during the first quarter. Benson Investment Management Company Inc. now owns 45,561 shares of the financial services provider’s stock worth $3,982,000 after purchasing an additional 120 shares during the last quarter. Finally, Kaizen Financial Strategies lifted its stake in shares of Morgan Stanley by 3.3% in the 1st quarter. Kaizen Financial Strategies now owns 3,831 shares of the financial services provider’s stock valued at $335,000 after acquiring an additional 121 shares during the last quarter. 83.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on MS. Piper Sandler lowered their price target on Morgan Stanley from $100.00 to $90.00 and set a “neutral” rating for the company in a research report on Friday, July 1st. Oppenheimer cut their price target on Morgan Stanley from $97.00 to $93.00 and set an “outperform” rating on the stock in a research note on Friday, July 15th. Wells Fargo & Company cut their target price on Morgan Stanley from $91.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Friday, July 1st. Deutsche Bank Aktiengesellschaft lowered their price target on Morgan Stanley from $105.00 to $92.00 and set a “hold” rating on the stock in a report on Monday, September 12th. Finally, The Goldman Sachs Group upped their price target on shares of Morgan Stanley from $85.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $99.38.

Insiders Place Their Bets

In related news, major shareholder Stanley Morgan acquired 8,598 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were acquired at an average price of $8.41 per share, with a total value of $72,309.18. Following the completion of the transaction, the insider now owns 8,598 shares of the company’s stock, valued at $72,309.18. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.26% of the stock is owned by insiders.

Morgan Stanley Stock Performance

NYSE MS traded down $3.26 during mid-day trading on Friday, reaching $81.51. 9,925,908 shares of the stock were exchanged, compared to its average volume of 9,444,756. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $139.94 billion, a P/E ratio of 10.95, a P/E/G ratio of 1.61 and a beta of 1.38. Morgan Stanley has a 1 year low of $72.05 and a 1 year high of $109.73. The business’s 50 day moving average is $86.32 and its 200-day moving average is $84.11.

Morgan Stanley (NYSE:MSGet Rating) last issued its earnings results on Thursday, July 14th. The financial services provider reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.11). The company had revenue of $13.13 billion for the quarter, compared to analyst estimates of $13.50 billion. Morgan Stanley had a return on equity of 14.33% and a net margin of 22.76%. The company’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.89 earnings per share. On average, equities research analysts forecast that Morgan Stanley will post 6.69 EPS for the current fiscal year.

Morgan Stanley Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 29th were paid a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a yield of 3.80%. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, July 28th. Morgan Stanley’s dividend payout ratio is 41.89%.

Morgan Stanley declared that its Board of Directors has initiated a stock repurchase program on Monday, June 27th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 14.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

About Morgan Stanley

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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. It 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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