Stifel Financial Corp lowered its position in Morgan Stanley (NYSE:MS) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,998 shares of the financial services provider’s stock after selling 4,295 shares during the period. Stifel Financial Corp’s holdings in Morgan Stanley were worth $6,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted 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 purchasing an additional 190 shares during the last quarter. Invictus RG bought a new stake in Morgan Stanley in the first quarter worth about $106,000. V Wealth Management LLC bought a new stake in Morgan Stanley in the second quarter worth about $106,000. Omnia Family Wealth LLC lifted its stake in Morgan Stanley by 5.8% in the second quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 134 shares during the last quarter. Finally, Smithfield Trust Co. lifted its stake in Morgan Stanley by 1.2% in the second quarter. Smithfield Trust Co. now owns 3,690 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 42 shares during the last quarter. 85.18% of the stock is owned by institutional investors and hedge funds.

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Morgan Stanley (NYSE:MS) opened at 49.76 on Friday. The firm has a 50-day moving average of $46.72 and a 200 day moving average of $44.77. Morgan Stanley has a 12-month low of $30.96 and a 12-month high of $50.14. The stock has a market capitalization of $91.39 billion, a price-to-earnings ratio of 14.25 and a beta of 1.61.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.11. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%. The business had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.05 billion. During the same period last year, the business earned $0.75 EPS. The company’s revenue was up 6.7% on a year-over-year basis. On average, analysts predict that Morgan Stanley will post $3.48 earnings per share for the current fiscal year.

Morgan Stanley announced that its Board of Directors has authorized a stock buyback plan 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 shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

In other Morgan Stanley 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 directly owns 196,708 shares of the company’s stock, valued at approximately $9,182,329.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $47.26, for a total transaction of $10,036,417.16. Following the transaction, the chairman now directly owns 1,602,609 shares in the company, valued at $75,739,301.34. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

Several brokerages have issued reports on MS. Compass Point reissued a “sell” rating and issued a $38.00 price objective (up previously from $34.00) on shares of Morgan Stanley in a research note on Monday, September 25th. Berenberg Bank reissued a “hold” rating and issued a $40.00 price objective on shares of Morgan Stanley in a research note on Thursday, September 21st. J P Morgan Chase & Co set a $53.00 price target on shares of Morgan Stanley and gave the company a “buy” rating in a research note on Friday, September 15th. HSBC Holdings plc raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Friday, September 15th. Finally, Zacks Investment Research downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $48.98.

Morgan Stanley 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.

Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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