Argus Investors Counsel Inc. raised its holdings in shares of Morgan Stanley (NYSE:MS) by 96.5% during the second quarter, HoldingsChannel reports. The fund owned 170,214 shares of the financial services provider’s stock after purchasing an additional 83,607 shares during the quarter. Argus Investors Counsel Inc.’s holdings in Morgan Stanley were worth $7,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Triangle Securities Wealth Management grew its position in Morgan Stanley by 2.6% in the second quarter. Triangle Securities Wealth Management now owns 11,672 shares of the financial services provider’s stock worth $508,000 after acquiring an additional 295 shares in the last quarter. Dubuque Bank & Trust Co. grew its position in Morgan Stanley by 55.4% in the second quarter. Dubuque Bank & Trust Co. now owns 91,767 shares of the financial services provider’s stock worth $4,020,000 after acquiring an additional 32,721 shares in the last quarter. Zweig DiMenna Associates LLC purchased a new position in Morgan Stanley in the second quarter worth $2,177,000. Insight 2811 Inc. grew its position in Morgan Stanley by 2.3% in the second quarter. Insight 2811 Inc. now owns 16,329 shares of the financial services provider’s stock worth $718,000 after acquiring an additional 368 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in Morgan Stanley by 3.9% in the second quarter. Crossmark Global Holdings Inc. now owns 275,476 shares of the financial services provider’s stock worth $12,069,000 after acquiring an additional 10,358 shares in the last quarter. 83.87% of the stock is currently owned by institutional investors and hedge funds.

NYSE MS traded up $0.60 during trading on Tuesday, hitting $45.10. 9,398,523 shares of the company’s stock traded hands, compared to its average volume of 11,044,868. The business’s fifty day moving average price is $43.65. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.80 and a current ratio of 0.80. Morgan Stanley has a 12-month low of $36.74 and a 12-month high of $51.53. The firm has a market cap of $76.05 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 1.16 and a beta of 1.32.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.10. Morgan Stanley had a net margin of 16.06% and a return on equity of 11.10%. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.02 billion. During the same period in the prior year, the business posted $1.30 earnings per share. The company’s revenue was down 3.4% on a year-over-year basis. On average, sell-side analysts anticipate that Morgan Stanley will post 4.73 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.10%. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, July 30th. Morgan Stanley’s dividend payout ratio is presently 26.03%.

Several research analysts recently issued reports on MS shares. BMO Capital Markets set a $140.00 target price on shares of SAP and gave the stock a “hold” rating in a research report on Friday. HSBC reiterated a “hold” rating on shares of Societe Generale in a research report on Thursday, April 4th. Citigroup upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Friday, July 12th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Finally, Royal Bank of Canada set a GBX 5,200 ($67.95) target price on shares of London Stock Exchange Group and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. Morgan Stanley currently has a consensus rating of “Hold” and an average 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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