Tdam USA Inc. increased its position in Morgan Stanley (NYSE:MS) by 2,534.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 261,797 shares of the financial services provider’s stock after buying an additional 251,861 shares during the period. Tdam USA Inc.’s holdings in Morgan Stanley were worth $11,715,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its stake in Morgan Stanley by 9.1% in the second quarter. Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider’s stock worth $101,000 after buying an additional 190 shares during the period. Invictus RG acquired a new position in shares of Morgan Stanley during the first quarter valued at $106,000. V Wealth Management LLC acquired a new position in shares of Morgan Stanley during the second quarter valued at $106,000. FTB Advisors Inc. raised its position in shares of Morgan Stanley by 8.1% in the first quarter. FTB Advisors Inc. now owns 2,605 shares of the financial services provider’s stock valued at $112,000 after buying an additional 196 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Morgan Stanley during the first quarter valued at $120,000. 85.67% of the stock is owned by institutional investors and hedge funds.

Shares of Morgan Stanley (NYSE MS) opened at 45.65 on Friday. Morgan Stanley has a 52 week low of $29.31 and a 52 week high of $48.90. The firm has a market cap of $83.84 billion, a P/E ratio of 13.08 and a beta of 1.63. The stock has a 50 day moving average of $46.14 and a 200 day moving average of $44.39.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $9.05 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. Equities analysts forecast that Morgan Stanley will post $3.50 earnings per share for the current year.

Morgan Stanley announced that its board has authorized a share repurchase plan on Wednesday, June 28th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 6.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders 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 represents a $1.00 dividend on an annualized basis and a dividend yield of 2.19%. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.20. Morgan Stanley’s dividend payout ratio is currently 28.65%.

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Several equities analysts recently weighed in on MS shares. Vetr lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating and set a $40.50 price objective on the stock. in a research report on Wednesday, April 19th. Vining Sparks reaffirmed a “strong-buy” rating and set a $51.00 price objective on shares of Morgan Stanley in a research report on Thursday, April 20th. Rafferty Capital Markets reaffirmed a “buy” rating and set a $50.00 price objective on shares of Morgan Stanley in a research report on Saturday, April 22nd. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Monday, April 24th. Finally, Citigroup Inc. raised their price objective on shares of Morgan Stanley from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Morgan Stanley currently has a consensus rating of “Buy” and a consensus price target of $48.02.

In other news, Chairman James P. Gorman sold 212,366 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $47.26, for a total transaction of $10,036,417.16. Following the sale, the chairman now owns 1,602,609 shares in the company, valued at approximately $75,739,301.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jonathan Pruzan sold 25,767 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now 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 0.35% of the company’s stock.

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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