Morgan Stanley (MS) Position Boosted by Standard Life Aberdeen plc
Standard Life Aberdeen plc lifted its stake in Morgan Stanley (NYSE:MS) by 1.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,378,878 shares of the financial services provider’s stock after purchasing an additional 30,140 shares during the quarter. Standard Life Aberdeen plc’s holdings in Morgan Stanley were worth $112,770,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. LGT Capital Partners LTD. boosted its position in shares of Morgan Stanley by 15.7% in the 2nd quarter. LGT Capital Partners LTD. now owns 639,220 shares of the financial services provider’s stock valued at $30,299,000 after purchasing an additional 86,600 shares during the period. Hennessy Advisors Inc. boosted its position in shares of Morgan Stanley by 37.5% in the 1st quarter. Hennessy Advisors Inc. now owns 44,000 shares of the financial services provider’s stock valued at $2,374,000 after purchasing an additional 12,000 shares during the period. MML Investors Services LLC boosted its position in shares of Morgan Stanley by 14.5% in the 1st quarter. MML Investors Services LLC now owns 51,685 shares of the financial services provider’s stock valued at $2,789,000 after purchasing an additional 6,547 shares during the period. Heritage Investors Management Corp boosted its position in shares of Morgan Stanley by 1.4% in the 2nd quarter. Heritage Investors Management Corp now owns 206,911 shares of the financial services provider’s stock valued at $9,808,000 after purchasing an additional 2,900 shares during the period. Finally, Wexford Capital LP acquired a new position in shares of Morgan Stanley in the 1st quarter valued at $447,000. Institutional investors and hedge funds own 85.54% of the company’s stock.
A number of research firms recently weighed in on MS. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $60.00 price target on shares of Morgan Stanley in a research report on Tuesday, June 12th. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Tuesday, July 24th. Sanford C. Bernstein upgraded Morgan Stanley from an “underperform” rating to a “market perform” rating and set a $51.00 price objective for the company in a research report on Wednesday, July 18th. ValuEngine upgraded Morgan Stanley from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Finally, Societe Generale restated a “$49.85” rating and set a $56.00 price objective on shares of Morgan Stanley in a research report on Thursday, July 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $57.05.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.19. The business had revenue of $10.61 billion during the quarter, compared to analyst estimates of $10.05 billion. Morgan Stanley had a return on equity of 12.04% and a net margin of 15.84%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 EPS. equities analysts expect that Morgan Stanley will post 4.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Tuesday, July 31st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.49%. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, July 30th. Morgan Stanley’s payout ratio is currently 33.33%.
Morgan Stanley announced that its Board of Directors has initiated a stock buyback plan on Thursday, June 28th that permits the company to buyback $4.70 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 5.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
About Morgan Stanley
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 three segments: Institutional Securities, Wealth Management, and Investment Management.
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