IFM Investors Pty Ltd boosted its holdings in shares of Morgan Stanley (NYSE:MS – Get Rating) by 16.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,449 shares of the financial services provider’s stock after buying an additional 30,462 shares during the period. IFM Investors Pty Ltd’s holdings in Morgan Stanley were worth $19,005,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of MS. State Street Corp boosted its stake in shares of Morgan Stanley by 2.1% in the 4th quarter. State Street Corp now owns 130,520,155 shares of the financial services provider’s stock valued at $12,811,858,000 after purchasing an additional 2,714,510 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Morgan Stanley by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 23,850,965 shares of the financial services provider’s stock valued at $2,334,943,000 after purchasing an additional 183,686 shares in the last quarter. Norges Bank acquired a new stake in shares of Morgan Stanley in the 4th quarter valued at $1,576,425,000. Capital Research Global Investors boosted its stake in shares of Morgan Stanley by 38.9% in the 4th quarter. Capital Research Global Investors now owns 13,271,214 shares of the financial services provider’s stock valued at $1,302,703,000 after purchasing an additional 3,718,415 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Morgan Stanley by 4.8% in the 4th quarter. Fisher Asset Management LLC now owns 10,448,069 shares of the financial services provider’s stock valued at $1,025,583,000 after purchasing an additional 474,238 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.
Morgan Stanley Price Performance
Shares of MS opened at $84.30 on Monday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a 50 day simple moving average of $79.45 and a 200 day simple moving average of $86.78. Morgan Stanley has a 52-week low of $72.05 and a 52-week high of $109.73. The firm has a market capitalization of $147.46 billion, a PE ratio of 11.39, a P/E/G ratio of 1.53 and a beta of 1.41.
Morgan Stanley Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 29th will be paid a dividend of $0.775 per share. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.68%. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.70. Morgan Stanley’s dividend payout ratio is currently 41.89%.
Morgan Stanley announced that its board has authorized a share repurchase plan on Monday, June 27th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 14.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on MS. Barclays cut their price target on Morgan Stanley from $123.00 to $108.00 and set an “overweight” rating for the company in a report on Friday, July 15th. The Goldman Sachs Group set a $105.00 price target on Morgan Stanley in a report on Wednesday, April 20th. Royal Bank of Canada cut their price target on Morgan Stanley from $97.00 to $80.00 and set a “sector perform” rating for the company in a report on Tuesday, June 28th. Oppenheimer cut their price target on Morgan Stanley from $97.00 to $93.00 and set an “outperform” rating for the company in a report on Friday, July 15th. Finally, Credit Suisse Group cut their price target on Morgan Stanley from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, July 4th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $100.75.
Insider Transactions at Morgan Stanley
In related news, Director Stephen J. Luczo acquired 25,000 shares of the company’s stock in a transaction dated Thursday, May 12th. The shares were bought at an average price of $79.30 per share, for a total transaction of $1,982,500.00. Following the purchase, the director now directly owns 179,449 shares in the company, valued at approximately $14,230,305.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.26% of the company’s stock.
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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.
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