Morgan Stanley (NYSE:MS) Shares Bought by Egerton Capital UK LLP
Egerton Capital UK LLP boosted its stake in Morgan Stanley (NYSE:MS) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 3,306,055 shares of the financial services provider’s stock after buying an additional 10,749 shares during the period. Morgan Stanley makes up about 1.5% of Egerton Capital UK LLP’s holdings, making the stock its 23rd largest position. Egerton Capital UK LLP’s holdings in Morgan Stanley were worth $147,318,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in MS. Davidson Investment Advisors raised its stake in Morgan Stanley by 2.6% in the first quarter. Davidson Investment Advisors now owns 291,525 shares of the financial services provider’s stock worth $12,486,000 after buying an additional 7,462 shares during the last quarter. Westpac Banking Corp raised its stake in Morgan Stanley by 28.5% in the first quarter. Westpac Banking Corp now owns 330,925 shares of the financial services provider’s stock worth $9,425,000 after buying an additional 73,424 shares during the last quarter. SG Americas Securities LLC raised its stake in Morgan Stanley by 113.2% in the first quarter. SG Americas Securities LLC now owns 206,426 shares of the financial services provider’s stock worth $8,843,000 after buying an additional 1,773,467 shares during the last quarter. LGT Capital Partners LTD. raised its stake in Morgan Stanley by 17.4% in the first quarter. LGT Capital Partners LTD. now owns 292,900 shares of the financial services provider’s stock worth $12,548,000 after buying an additional 43,480 shares during the last quarter. Finally, Capital Investment Advisors LLC raised its stake in Morgan Stanley by 7.1% in the first quarter. Capital Investment Advisors LLC now owns 10,859 shares of the financial services provider’s stock worth $465,000 after buying an additional 724 shares during the last quarter. 85.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of Morgan Stanley (NYSE:MS) opened at 47.65 on Thursday. Morgan Stanley has a one year low of $28.86 and a one year high of $48.90. The firm has a market capitalization of $87.68 billion, a P/E ratio of 13.65 and a beta of 1.63. The company has a 50-day moving average price of $46.07 and a 200 day moving average price of $44.35. Morgan Stanley also was the target of some unusual options trading activity on Monday. Stock traders acquired 6,765 call options on the company. This represents an increase of approximately 381% compared to the average volume of 1,407 call options.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results 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. The business had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.05 billion. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%. Morgan Stanley’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS. Analysts expect that Morgan Stanley will post $3.52 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.10%. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.20. Morgan Stanley’s dividend payout ratio (DPR) is currently 28.65%.
Morgan Stanley declared that its Board of Directors has approved a stock repurchase program on Wednesday, June 28th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 6.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
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A number of research firms recently issued reports on MS. Wells Fargo & Company began coverage on Morgan Stanley in a research note on Wednesday. They issued a “market perform” rating on the stock. Zacks Investment Research raised Morgan Stanley from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Macquarie reaffirmed an “outperform” rating and issued a $52.00 target price (up previously from $51.00) on shares of Morgan Stanley in a research note on Saturday, July 22nd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $49.00 target price (up previously from $47.00) on shares of Morgan Stanley in a research note on Saturday, July 22nd. Finally, Bank of America Corporation upped their target price on Morgan Stanley from $50.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $47.61.
In other news, CFO Jonathan Pruzan sold 25,767 shares of the firm’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $46.68, for a total transaction of $1,202,803.56. Following the transaction, the chief financial officer now owns 196,708 shares in the company, valued at approximately $9,182,329.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman James P. Gorman sold 212,366 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $47.26, for a total transaction of $10,036,417.16. Following the transaction, the chairman now owns 1,602,609 shares in the company, valued at approximately $75,739,301.34. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company 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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