Morgan Stanley (NYSE:MS) Position Boosted by Washburn Capital Management Inc.

Washburn Capital Management Inc. lifted its stake in shares of Morgan Stanley (NYSE:MSGet Rating) by 8.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 13,925 shares of the financial services provider’s stock after buying an additional 1,110 shares during the quarter. Morgan Stanley accounts for about 0.9% of Washburn Capital Management Inc.’s holdings, making the stock its 20th biggest holding. Washburn Capital Management Inc.’s holdings in Morgan Stanley were worth $1,059,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MS. Rockefeller Capital Management L.P. lifted its position in shares of Morgan Stanley by 7.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 80,043 shares of the financial services provider’s stock worth $7,856,000 after purchasing an additional 5,489 shares during the last quarter. Blair William & Co. IL lifted its holdings in 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 lifted its holdings in Morgan Stanley by 9.5% in the fourth quarter. LPL Financial LLC now owns 641,549 shares of the financial services provider’s stock worth $62,974,000 after acquiring an additional 55,533 shares during the last quarter. LMR Partners LLP bought a new position in Morgan Stanley in the fourth quarter worth about $1,204,000. Finally, State Street Corp lifted its holdings in Morgan Stanley by 2.1% in 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 acquiring an additional 2,714,510 shares during the last quarter. Institutional investors own 83.36% of the company’s stock.

Insider Activity at Morgan Stanley

In other news, major shareholder Stanley Morgan bought 8,598 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were purchased at an average price of $8.41 per share, for a total transaction of $72,309.18. Following the acquisition, the insider now directly owns 8,598 shares of the company’s stock, valued at approximately $72,309.18. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.26% of the stock is owned by company insiders.

Morgan Stanley Trading Down 4.5 %

NYSE MS traded down $3.85 on Friday, hitting $80.92. 300,972 shares of the stock were exchanged, compared to its average volume of 8,344,522. Morgan Stanley has a 52-week low of $72.05 and a 52-week 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 capitalization of $138.93 billion, a price-to-earnings ratio of 11.46, a P/E/G ratio of 1.61 and a beta of 1.38. The company’s 50-day moving average price is $86.32 and its two-hundred day moving average price 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.11). Morgan Stanley had a net margin of 22.76% and a return on equity of 14.33%. The company had revenue of $13.13 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same period last year, the business earned $1.89 EPS. The company’s quarterly revenue was down 11.0% on a year-over-year basis. Research analysts predict that Morgan Stanley will post 6.69 EPS for the current year.

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

Morgan Stanley Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 29th were paid a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Thursday, July 28th. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.70. Morgan Stanley’s payout ratio is presently 41.89%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MS. Barclays cut their target price on shares of Morgan Stanley from $123.00 to $108.00 and set an “overweight” rating on the stock in a report on Friday, July 15th. Odeon Capital Group cut Morgan Stanley from a “hold” rating to a “sell” rating in a report on Tuesday, September 6th. Royal Bank of Canada cut their price target on Morgan Stanley from $97.00 to $80.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 28th. Credit Suisse Group lifted their price target on Morgan Stanley from $95.00 to $97.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Wells Fargo & Company lowered their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $99.38.

Morgan Stanley Profile

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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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