Rosenberg Matthew Hamilton Decreases Stock Holdings in Morgan Stanley (NYSE:MS)

Rosenberg Matthew Hamilton decreased its position in shares of Morgan Stanley (NYSE:MSGet Rating) by 13.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,852 shares of the financial services provider’s stock after selling 620 shares during the period. Rosenberg Matthew Hamilton’s holdings in Morgan Stanley were worth $296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. Rockefeller Capital Management L.P. grew its stake in Morgan Stanley by 7.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 80,043 shares of the financial services provider’s stock valued at $7,856,000 after acquiring an additional 5,489 shares during the period. Blair William & Co. IL boosted its stake in shares of Morgan Stanley by 50.3% in the fourth quarter. Blair William & Co. IL now owns 187,774 shares of the financial services provider’s stock worth $18,432,000 after acquiring an additional 62,866 shares during the last quarter. LPL Financial LLC increased its position in shares of Morgan Stanley by 9.5% during the fourth quarter. LPL Financial LLC now owns 641,549 shares of the financial services provider’s stock worth $62,974,000 after purchasing an additional 55,533 shares in the last quarter. LMR Partners LLP purchased a new position in Morgan Stanley in the 4th quarter valued at $1,204,000. Finally, State Street Corp grew its holdings in shares of Morgan Stanley by 2.1% during the fourth quarter. State Street Corp now owns 130,520,155 shares of the financial services provider’s stock worth $12,811,858,000 after buying an additional 2,714,510 shares in the last quarter. Institutional investors and hedge funds own 83.36% of the company’s stock.

Morgan Stanley Price Performance

Shares of NYSE MS opened at $83.07 on Friday. The stock has a fifty day moving average price of $86.32 and a 200 day moving average price of $84.11. Morgan Stanley has a 1-year low of $72.05 and a 1-year high of $109.73. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $142.62 billion, a PE ratio of 11.46, a P/E/G ratio of 1.61 and a beta of 1.38.

Morgan Stanley (NYSE:MSGet Rating) last released its earnings results on Thursday, July 14th. The financial services provider reported $1.44 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.11). The firm had revenue of $13.13 billion during 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 firm’s revenue was down 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.89 EPS. Sell-side analysts forecast that Morgan Stanley will post 6.69 EPS for the current year.

Morgan Stanley declared that its board has authorized a stock buyback program on Monday, June 27th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 14.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Morgan Stanley Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 29th were issued a $0.775 dividend. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $3.10 dividend on an annualized basis and a yield of 3.73%. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.70. Morgan Stanley’s dividend payout ratio (DPR) is 41.89%.

Insider Transactions at Morgan Stanley

In other news, major shareholder Stanley Morgan bought 8,598 shares of the stock in a transaction on Thursday, July 28th. The shares were bought at an average price of $8.41 per share, with a total value of $72,309.18. Following the completion of the acquisition, 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 Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MS shares. Wells Fargo & Company dropped their price objective on shares of Morgan Stanley from $91.00 to $83.00 and set an “equal weight” rating for the company in a research note on Friday, July 1st. Piper Sandler decreased their target price on Morgan Stanley from $100.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, July 1st. The Goldman Sachs Group upped their target price on shares of Morgan Stanley from $85.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday. Credit Suisse Group raised their price target on shares of Morgan Stanley from $95.00 to $97.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, BMO Capital Markets decreased their target price on Morgan Stanley from $105.00 to $99.00 in a report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $99.38.

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.

See Also

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

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