Retirement Systems of Alabama cut its position in Morgan Stanley (NYSE:MS) by 5.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,585,894 shares of the financial services provider’s stock after selling 89,002 shares during the period. Retirement Systems of Alabama’s holdings in Morgan Stanley were worth $70,667,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in MS. BlackRock Inc. boosted its position 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 in the last quarter. Vanguard Group Inc. boosted its position 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 in the last quarter. FMR LLC boosted its position 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 in the last quarter. Geode Capital Management LLC boosted its position 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 in the last quarter. Finally, Janus Capital Management LLC boosted its position 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 in the last quarter. 85.67% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley (NYSE MS) opened at 45.65 on Friday. The company has a market capitalization of $83.84 billion, a price-to-earnings ratio of 13.08 and a beta of 1.63. Morgan Stanley has a 52 week low of $29.31 and a 52 week high of $48.90. The company has a 50 day moving average of $46.14 and a 200 day moving average of $44.39.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.11. The firm had revenue of $9.50 billion during the quarter, compared to the consensus estimate of $9.05 billion. Morgan Stanley had a return on equity of 9.83% and a net margin of 16.77%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. On average, equities analysts forecast that Morgan Stanley will post $3.50 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a $0.25 dividend. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Thursday, July 27th. Morgan Stanley’s payout ratio is presently 28.65%.

Morgan Stanley declared that its Board of Directors has approved a share buyback program 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 programs are usually a sign that the company’s board believes its stock is undervalued.

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MS has been the subject of a number of research reports. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Tuesday, June 13th. BMO Capital Markets upped their price objective on shares of Morgan Stanley from $58.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, July 20th. Vetr raised shares of Morgan Stanley from a “sell” rating to a “hold” rating and set a $40.50 price objective for the company in a research note on Wednesday, May 17th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Morgan Stanley in a research note on Tuesday, June 6th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Morgan Stanley in a research note on Monday, June 26th. One research 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 stock. The stock has an average rating of “Buy” and a consensus price target of $48.02.

In other Morgan Stanley news, CFO Jonathan Pruzan sold 25,767 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were 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 $9,182,329.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman James P. Gorman sold 212,366 shares of the business’s stock in a transaction dated 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 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. 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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