Morgan Stanley $MS Shares Acquired by Private Trust Co. NA

by · The Cerbat Gem

Private Trust Co. NA increased its position in shares of Morgan Stanley (NYSE:MS – Free Report) by 17.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,985 shares of the financial services provider’s stock after acquiring an additional 1,158 shares during the quarter. Private Trust Co. NA’s holdings in Morgan Stanley were worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. McLean Asset Management Corp boosted its holdings in Morgan Stanley by 2.5% in the 2nd quarter. McLean Asset Management Corp now owns 3,007 shares of the financial services provider’s stock valued at $430,000 after purchasing an additional 73 shares during the last quarter. Pinnacle Bancorp Inc. lifted its holdings in Morgan Stanley by 1.5% in the second quarter. Pinnacle Bancorp Inc. now owns 5,022 shares of the financial services provider’s stock valued at $707,000 after acquiring an additional 75 shares during the last quarter. Congress Park Capital LLC lifted its holdings in Morgan Stanley by 2.4% in the second quarter. Congress Park Capital LLC now owns 3,250 shares of the financial services provider’s stock valued at $458,000 after acquiring an additional 75 shares during the last quarter. Hemington Wealth Management grew its position in Morgan Stanley by 3.4% in the second quarter. Hemington Wealth Management now owns 2,295 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 75 shares during the period. Finally, Lantz Financial LLC increased its stake in Morgan Stanley by 4.7% during the second quarter. Lantz Financial LLC now owns 1,800 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 80 shares during the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Morgan Stanley Stock Down 0.8%

Shares of MS opened at $158.70 on Friday. The stock has a market capitalization of $253.34 billion, a PE ratio of 16.28, a P/E/G ratio of 1.87 and a beta of 1.32. Morgan Stanley has a 1 year low of $94.33 and a 1 year high of $166.77. The company has a debt-to-equity ratio of 3.30, a quick ratio of 0.78 and a current ratio of 0.78. The company’s 50-day simple moving average is $153.29 and its 200-day simple moving average is $136.98.

Morgan Stanley (NYSE:MS – Get Free Report) last announced its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.73. Morgan Stanley had a net margin of 13.85% and a return on equity of 16.55%. The firm had revenue of $18.22 billion during the quarter, compared to analysts’ expectations of $16.42 billion. During the same quarter in the previous year, the business posted $1.88 earnings per share. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. Analysts forecast that Morgan Stanley will post 8.56 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, October 31st. Morgan Stanley’s dividend payout ratio (DPR) is presently 41.03%.

Morgan Stanley announced that its board has initiated a share repurchase plan on Tuesday, July 1st that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 8.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Evercore ISI upped their price target on Morgan Stanley from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays boosted their price objective on shares of Morgan Stanley from $156.00 to $183.00 and gave the company an “overweight” rating in a report on Thursday. BMO Capital Markets began coverage on shares of Morgan Stanley in a research note on Friday, October 3rd. They set an “outperform” rating and a $180.00 target price for the company. UBS Group boosted their price target on shares of Morgan Stanley from $156.00 to $165.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Finally, Jefferies Financial Group increased their price objective on shares of Morgan Stanley from $175.00 to $186.00 and gave the stock a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $165.54.

Read Our Latest Stock Analysis on MS

Morgan Stanley Company Profile

(Free Report)

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.

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