YorkBridge Wealth Partners LLC Has $1.54 Million Stock Position in Morgan Stanley (NYSE:MS)

YorkBridge Wealth Partners LLC lowered its holdings in shares of Morgan Stanley (NYSE:MSGet Rating) by 2.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 20,250 shares of the financial services provider’s stock after selling 444 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Morgan Stanley were worth $1,540,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Sound Income Strategies LLC grew its position in Morgan Stanley by 78.6% in the second quarter. Sound Income Strategies LLC now owns 343 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 151 shares during the last quarter. Western Pacific Wealth Management LP acquired a new stake in shares of Morgan Stanley during the 4th quarter valued at $29,000. Tyler Stone Wealth Management acquired a new position in Morgan Stanley in the 4th quarter worth about $29,000. GoalVest Advisory LLC raised its position in Morgan Stanley by 3,233.3% in the second quarter. GoalVest Advisory LLC now owns 400 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 388 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Morgan Stanley during the first quarter worth about $32,000. 83.36% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley Stock Down 1.8 %

Shares of Morgan Stanley stock opened at $84.77 on Friday. The company’s fifty day simple moving average is $86.32 and its two-hundred day simple moving average is $84.11. Morgan Stanley has a 12-month low of $72.05 and a 12-month high of $109.73. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.38. The company has a market cap of $145.54 billion, a P/E ratio of 11.46, a PEG ratio of 1.61 and a beta of 1.38.

Morgan Stanley (NYSE:MSGet Rating) last released its quarterly 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 return on equity of 14.33% and a net margin of 22.76%. The company had revenue of $13.13 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same period in the previous year, the company earned $1.89 earnings per share. Morgan Stanley’s quarterly revenue was down 11.0% on a year-over-year basis. Research analysts anticipate that Morgan Stanley will post 6.69 EPS for the current year.

Morgan Stanley declared that its board has authorized a share buyback plan on Monday, June 27th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 14.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Morgan Stanley Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 29th were issued a $0.775 dividend. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, July 28th. This represents a $3.10 dividend on an annualized basis and a yield of 3.66%. Morgan Stanley’s dividend payout ratio is 41.89%.

Insider Buying and Selling at Morgan Stanley

In other Morgan Stanley news, major shareholder Stanley Morgan purchased 8,598 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The stock was bought at an average cost of $8.41 per share, for a total transaction of $72,309.18. Following the purchase, the insider now directly owns 8,598 shares in the company, valued at $72,309.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

MS has been the subject of a number of recent research reports. BMO Capital Markets decreased their price objective on Morgan Stanley from $105.00 to $99.00 in a report on Friday, July 15th. Barclays decreased their price target on Morgan Stanley from $123.00 to $108.00 and set an “overweight” rating for the company in a report on Friday, July 15th. Oppenheimer dropped their price objective 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. Odeon Capital Group cut Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Finally, The Goldman Sachs Group boosted their price target on Morgan Stanley from $85.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Morgan Stanley presently has an average rating of “Hold” and a consensus target price 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.

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

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