Wedge Capital Management L L P NC raised its holdings in shares of Morgan Stanley (NYSE:MS) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 638,558 shares of the financial services provider’s stock after acquiring an additional 4,001 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Morgan Stanley were worth $27,975,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. IMA Wealth Inc. bought a new position in shares of Morgan Stanley in the first quarter valued at $31,000. Citizens Financial Group Inc RI grew its stake in shares of Morgan Stanley by 46.2% in the first quarter. Citizens Financial Group Inc RI now owns 775 shares of the financial services provider’s stock valued at $32,000 after buying an additional 245 shares in the last quarter. Destination Wealth Management grew its stake in shares of Morgan Stanley by 38.7% in the first quarter. Destination Wealth Management now owns 771 shares of the financial services provider’s stock valued at $33,000 after buying an additional 215 shares in the last quarter. Clean Yield Group bought a new position in shares of Morgan Stanley in the second quarter valued at $36,000. Finally, Rational Advisors LLC grew its stake in shares of Morgan Stanley by 358.7% in the first quarter. Rational Advisors LLC now owns 1,266 shares of the financial services provider’s stock valued at $53,000 after buying an additional 990 shares in the last quarter. 84.14% of the stock is owned by institutional investors.

MS stock traded down $1.62 during midday trading on Wednesday, reaching $39.07. 651,840 shares of the company were exchanged, compared to its average volume of 11,000,771. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.77 and a quick ratio of 0.77. The stock’s 50-day simple moving average is $43.55. Morgan Stanley has a one year low of $36.74 and a one year high of $50.42. The firm has a market capitalization of $64.85 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 1.06 and a beta of 1.32.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.10. Morgan Stanley had a net margin of 16.06% and a return on equity of 11.04%. The firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.02 billion. During the same period in the previous year, the business posted $1.30 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, research analysts expect that Morgan Stanley will post 4.78 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.58%. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, July 30th. Morgan Stanley’s payout ratio is 30.37%.

Several equities analysts recently weighed in on MS shares. Royal Bank of Canada set a $60.00 target price on shares of Morgan Stanley and gave the company a “buy” rating in a research note on Wednesday, April 24th. Wells Fargo & Co reissued a “buy” rating on shares of Morgan Stanley in a research note on Wednesday, April 17th. BMO Capital Markets set a $69.00 target price on shares of Morgan Stanley and gave the company a “buy” rating in a research note on Friday, July 19th. Citigroup raised shares of Morgan Stanley from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $48.00 to $52.00 in a research report on Friday, July 12th. Finally, Oppenheimer set a $65.00 price objective on shares of Morgan Stanley and gave the stock a “buy” rating in a research report on Friday, July 19th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $56.92.

Morgan Stanley Profile

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.

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

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