Pictet Asset Management Ltd. lifted its holdings in shares of Morgan Stanley (NYSE:MS) by 3.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 615,809 shares of the financial services provider’s stock after purchasing an additional 23,200 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Morgan Stanley were worth $26,979,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Massey Quick Simon & CO. LLC increased its position in shares of Morgan Stanley by 276.4% during the second quarter. Massey Quick Simon & CO. LLC now owns 606 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 445 shares during the last quarter. IMA Wealth Inc. purchased a new stake in shares of Morgan Stanley during the first quarter worth about $31,000. Citizens Financial Group Inc RI increased its position in shares of Morgan Stanley by 46.2% during the first quarter. Citizens Financial Group Inc RI now owns 775 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 245 shares during the last quarter. Clean Yield Group purchased a new stake in shares of Morgan Stanley during the second quarter worth about $36,000. Finally, Rational Advisors LLC increased its position in shares of Morgan Stanley by 358.7% during the first quarter. Rational Advisors LLC now owns 1,266 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 990 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Morgan Stanley stock traded up $0.95 during midday trading on Friday, hitting $45.27. The stock had a trading volume of 264,546 shares, compared to its average volume of 9,531,984. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.66. The stock has a market cap of $74.23 billion, a P/E ratio of 9.81, a P/E/G ratio of 1.12 and a beta of 1.33. Morgan Stanley has a 12 month low of $36.74 and a 12 month high of $50.37. The business has a fifty day moving average price of $41.73 and a 200 day moving average price of $43.43.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.10. The firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.02 billion. Morgan Stanley had a return on equity of 11.04% and a net margin of 16.06%. Morgan Stanley’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.30 earnings per share. On average, equities analysts anticipate that Morgan Stanley will post 4.79 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a $0.35 dividend. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 3.09%. The ex-dividend date was Tuesday, July 30th. Morgan Stanley’s payout ratio is currently 30.37%.

A number of analysts have recently issued reports on the company. Oppenheimer set a $65.00 target price on Morgan Stanley and gave the stock a “buy” rating in a research report on Friday, July 19th. TheStreet lowered Morgan Stanley from a “b” rating to a “c+” rating in a research report on Wednesday, August 14th. Citigroup raised Morgan Stanley from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $48.00 to $52.00 in a research report on Friday, July 12th. Finally, BMO Capital Markets set a $69.00 target price on Morgan Stanley and gave the stock a “buy” rating in a research report on Friday, July 19th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $56.45.

Morgan Stanley 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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