Wedbush Securities Inc. raised its stake in Morgan Stanley (NYSE:MS) by 27.5% during the second quarter, Holdings Channel reports. The firm owned 12,030 shares of the financial services provider’s stock after buying an additional 2,597 shares during the period. Wedbush Securities Inc.’s holdings in Morgan Stanley were worth $536,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of 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 during the period. Vanguard Group Inc. increased its position in shares of 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 during the period. FMR LLC increased its position in shares of 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 during the period. Geode Capital Management LLC increased its position in shares of 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 valued at $618,456,000 after buying an additional 970,041 shares during the period. Finally, Janus Capital Management LLC increased its position in shares of 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 valued at $520,921,000 after buying an additional 2,962,234 shares during the period. Institutional investors own 85.47% of the company’s stock.

Morgan Stanley (NYSE:MS) opened at 46.43 on Wednesday. The firm has a market capitalization of $85.27 billion, a P/E ratio of 13.30 and a beta of 1.63. The company has a 50-day moving average price of $46.29 and a 200 day moving average price of $44.44. Morgan Stanley has a 1-year low of $30.12 and a 1-year high of $48.90.

Morgan Stanley (NYSE:MS) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.11. The company had revenue of $9.50 billion for 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%. Morgan Stanley’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 earnings per share. Analysts expect that Morgan Stanley will post $3.50 earnings per share for the current fiscal year.

Morgan Stanley announced that its Board of Directors has initiated a stock buyback plan on Wednesday, June 28th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 6.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.15%. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, July 27th. Morgan Stanley’s payout ratio is presently 28.65%.

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Several equities analysts recently weighed in on MS shares. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Tuesday, June 13th. BMO Capital Markets increased their price target on shares of Morgan Stanley from $58.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, July 20th. Vetr upgraded shares of Morgan Stanley from a “sell” rating to a “hold” rating and set a $40.50 price target on the stock in a report on Wednesday, May 17th. Royal Bank Of Canada reiterated a “buy” rating and issued a $50.00 price target on shares of Morgan Stanley in a report on Tuesday, June 6th. Finally, J P Morgan Chase & Co reiterated a “buy” rating and issued a $53.00 price target on shares of Morgan Stanley in a report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $48.02.

In other Morgan Stanley news, CFO Jonathan Pruzan sold 25,767 shares of the business’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $46.68, for a total transaction of $1,202,803.56. Following the sale, the chief financial officer now directly owns 196,708 shares in the company, valued at $9,182,329.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman James P. Gorman sold 212,366 shares of the business’s stock in a transaction on 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 sale, the chairman now owns 1,602,609 shares in the company, valued at $75,739,301.34. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by 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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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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