Joel Isaacson & Co. LLC decreased its position in shares of Morgan Stanley (NYSE:MS) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,719 shares of the financial services provider’s stock after selling 984 shares during the period. Morgan Stanley makes up approximately 0.4% of Joel Isaacson & Co. LLC’s portfolio, making the stock its 28th largest position. Joel Isaacson & Co. LLC’s holdings in Morgan Stanley were worth $2,305,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Morgan Stanley by 2,798.9% in the first quarter. BlackRock Inc. now owns 101,168,197 shares of the financial services provider’s stock worth $4,334,046,000 after buying an additional 97,678,337 shares during the period. Vanguard Group Inc. raised its stake in Morgan Stanley by 4.9% in the first quarter. Vanguard Group Inc. now owns 92,226,969 shares of the financial services provider’s stock worth $3,951,003,000 after buying an additional 4,331,723 shares during the period. FMR LLC raised its stake in Morgan Stanley by 16.9% in the first quarter. FMR LLC now owns 46,221,986 shares of the financial services provider’s stock worth $1,980,150,000 after buying an additional 6,692,676 shares during the period. Geode Capital Management LLC raised its stake in Morgan Stanley by 7.2% in the first quarter. Geode Capital Management LLC now owns 14,456,307 shares of the financial services provider’s stock worth $618,456,000 after buying an additional 970,041 shares during the period. Finally, Janus Capital Management LLC raised its stake in Morgan Stanley by 32.2% in the first quarter. Janus Capital Management LLC now owns 12,159,681 shares of the financial services provider’s stock worth $520,921,000 after buying an additional 2,962,234 shares during the period. 85.67% of the stock is currently owned by hedge funds and other institutional investors.

Morgan Stanley (MS) opened at 45.65 on Friday. The company has a market cap of $83.84 billion, a P/E ratio of 13.08 and a beta of 1.63. The firm has a 50-day moving average price of $46.14 and a 200 day moving average price of $44.39. Morgan Stanley has a 12 month low of $29.31 and a 12 month high of $48.90.

Morgan Stanley (NYSE:MS) last released its earnings results on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.11. Morgan Stanley had a return on equity of 9.83% and a net margin of 16.77%. The firm had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $9.05 billion. During the same period in the prior year, the company 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 expect that Morgan Stanley will post $3.50 earnings per share for the current year.

Morgan Stanley declared that its Board of Directors has approved a share buyback plan on Wednesday, June 28th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 6.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, July 27th. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 2.19%. Morgan Stanley’s dividend payout ratio is presently 28.65%.

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A number of analysts have issued reports on MS shares. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Tuesday, June 13th. BMO Capital Markets raised their target price on Morgan Stanley from $58.00 to $61.00 and gave the company an “outperform” rating in a report on Thursday, July 20th. Vetr raised Morgan Stanley from a “sell” rating to a “hold” rating and set a $40.50 target price on the stock in a report on Wednesday, May 17th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $50.00 target price on shares of Morgan Stanley in a report on Tuesday, June 6th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating and issued a $53.00 target price on shares of Morgan Stanley in a report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $48.02.

In other news, CFO Jonathan Pruzan sold 25,767 shares of the stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $46.68, for a total value of $1,202,803.56. Following the completion of the transaction, the chief financial officer now directly owns 196,708 shares in the company, valued at approximately $9,182,329.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman James P. Gorman sold 212,366 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $47.26, for a total value of $10,036,417.16. Following the completion of the transaction, the chairman now owns 1,602,609 shares of the company’s stock, valued at $75,739,301.34. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

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

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