Robeco Institutional Asset Management B.V. Acquires 63,755 Shares of Morgan Stanley (MS)
Robeco Institutional Asset Management B.V. raised its position in shares of Morgan Stanley (NYSE:MS) by 22.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 346,677 shares of the financial services provider’s stock after buying an additional 63,755 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Morgan Stanley were worth $15,449,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. 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 valued at $4,334,046,000 after buying an additional 97,678,337 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 valued at $1,980,150,000 after buying an additional 6,692,676 shares in the last quarter. Epoch Investment Partners Inc. purchased a new position in Morgan Stanley during the first quarter valued at $215,402,000. Massachusetts Financial Services Co. MA boosted its position in Morgan Stanley by 64.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 11,162,183 shares of the financial services provider’s stock valued at $478,188,000 after buying an additional 4,380,706 shares in the last quarter. Finally, 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 valued at $3,951,003,000 after buying an additional 4,331,723 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.
Morgan Stanley (NYSE MS) opened at 45.48 on Tuesday. Morgan Stanley has a 1-year low of $30.62 and a 1-year high of $48.90. The company has a 50-day moving average price of $46.35 and a 200-day moving average price of $44.56. The firm has a market cap of $83.53 billion, a P/E ratio of 13.03 and a beta of 1.63.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The business had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $9.05 billion. Morgan Stanley had a return on equity of 9.83% and a net margin of 16.77%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 earnings per share. On average, equities research analysts forecast that Morgan Stanley will post $3.50 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were given a $0.25 dividend. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, July 27th. This represents a $1.00 dividend on an annualized basis and a yield of 2.20%. Morgan Stanley’s dividend payout ratio is presently 28.65%.
Morgan Stanley declared that its board has authorized a share repurchase program on Wednesday, June 28th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 6.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
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MS has been the subject of several analyst reports. Zacks Investment Research cut shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. J P Morgan Chase & Co reissued a “buy” rating on shares of Morgan Stanley in a research note on Monday, May 29th. Instinet reissued a “buy” rating and issued a $50.00 target price (down from $51.00) on shares of Morgan Stanley in a research note on Saturday, June 3rd. Wells Fargo & Company started coverage on shares of Morgan Stanley in a research report on Wednesday, August 9th. They set a “market perform” rating and a $48.00 price objective for the company. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Morgan Stanley in a research report on Monday, July 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $48.57.
In other news, Chairman James P. Gorman sold 212,366 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $47.26, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jonathan Pruzan sold 25,767 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 196,708 shares of the company’s stock, valued at approximately $9,182,329.44. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
About Morgan Stanley
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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