FUKOKU MUTUAL LIFE INSURANCE Co Has $294,000 Stake in Morgan Stanley (MS)
FUKOKU MUTUAL LIFE INSURANCE Co held its stake in Morgan Stanley (NYSE:MS) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,600 shares of the financial services provider’s stock at the close of the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Morgan Stanley were worth $294,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MS. Guardian Life Insurance Co. of America raised its position in Morgan Stanley by 0.5% in the first quarter. Guardian Life Insurance Co. of America now owns 5,551 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 25 shares during the period. Smithfield Trust Co. lifted its stake in shares of Morgan Stanley by 1.2% during the second quarter. Smithfield Trust Co. now owns 3,690 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 42 shares in the last quarter. Savant Capital LLC lifted its stake in shares of Morgan Stanley by 0.8% during the first quarter. Savant Capital LLC now owns 9,677 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 77 shares in the last quarter. M Holdings Securities Inc. boosted its position in shares of Morgan Stanley by 1.6% in the first quarter. M Holdings Securities Inc. now owns 5,145 shares of the financial services provider’s stock worth $220,000 after buying an additional 83 shares during the period. Finally, Klingenstein Fields & Co. LLC boosted its position in shares of Morgan Stanley by 0.4% in the second quarter. Klingenstein Fields & Co. LLC now owns 26,300 shares of the financial services provider’s stock worth $1,172,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 85.18% of the company’s stock.
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Shares of Morgan Stanley (NYSE:MS) traded up 0.37% during trading on Tuesday, reaching $49.10. 2,609,550 shares of the company’s stock were exchanged. The company has a market capitalization of $90.18 billion, a PE ratio of 14.06 and a beta of 1.61. The company has a 50 day moving average price of $46.33 and a 200-day moving average price of $44.64. Morgan Stanley has a 52-week low of $30.96 and a 52-week high of $49.17. Morgan Stanley also was the recipient of unusually large options trading activity on Monday. Investors bought 6,765 call options on the company. This represents an increase of approximately 381% compared to the typical volume of 1,407 call options.
Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Morgan Stanley had a return on equity of 9.83% and a net margin of 16.77%. The company had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.05 billion. During the same period in the previous year, the business earned $0.75 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. On average, equities analysts forecast that Morgan Stanley will post $3.48 earnings per share for the current year.
Morgan Stanley declared that its Board of Directors has initiated a share buyback plan on Wednesday, June 28th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 6.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
MS has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $50.00 target price on shares of Morgan Stanley in a research note on Tuesday, June 6th. Zacks Investment Research downgraded Morgan Stanley from a “buy” rating to a “hold” rating in a report on Monday, June 12th. J P Morgan Chase & Co reissued a “buy” rating and set a $53.00 price target on shares of Morgan Stanley in a research report on Monday, June 26th. Deutsche Bank AG reissued a “buy” rating on shares of Morgan Stanley in a research report on Monday, July 3rd. Finally, Buckingham Research restated a “buy” rating and issued a $54.00 price target (up previously from $51.00) on shares of Morgan Stanley in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $48.28.
In related news, Chairman James P. Gorman sold 212,366 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $47.26, for a total value of $10,036,417.16. Following the sale, the chairman now owns 1,602,609 shares of the company’s stock, valued at approximately $75,739,301.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jonathan Pruzan sold 25,767 shares of the business’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $46.68, for a total value of $1,202,803.56. Following the completion of the sale, the chief financial officer now directly owns 196,708 shares in the company, valued at approximately $9,182,329.44. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
Morgan Stanley Profile
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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