Sequoia Financial Advisors LLC Has $1.60 Million Stock Holdings in Morgan Stanley (NYSE:MS)

Sequoia Financial Advisors LLC cut its holdings in Morgan Stanley (NYSE:MSGet Rating) by 6.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,756 shares of the financial services provider’s stock after selling 2,080 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Morgan Stanley were worth $1,604,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MS. Qube Research & Technologies Ltd boosted its holdings in Morgan Stanley by 162.2% in the fourth quarter. Qube Research & Technologies Ltd now owns 367,819 shares of the financial services provider’s stock valued at $36,105,000 after acquiring an additional 227,519 shares during the last quarter. B. Riley Wealth Management Inc. boosted its holdings in Morgan Stanley by 13.5% in the fourth quarter. B. Riley Wealth Management Inc. now owns 4,107 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 490 shares during the last quarter. WINTON GROUP Ltd bought a new position in Morgan Stanley in the fourth quarter valued at about $1,500,000. Acadian Asset Management LLC boosted its holdings in Morgan Stanley by 28.9% during the fourth quarter. Acadian Asset Management LLC now owns 158,938 shares of the financial services provider’s stock worth $15,600,000 after buying an additional 35,616 shares during the last quarter. Finally, WealthShield Partners LLC bought a new position in Morgan Stanley during the fourth quarter worth about $222,000. Institutional investors own 83.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Credit Suisse Group reduced their target price on Morgan Stanley from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, July 4th. Barclays reduced their target price on Morgan Stanley from $123.00 to $108.00 and set an “overweight” rating on the stock in a report on Friday, July 15th. BMO Capital Markets reduced their target price on Morgan Stanley from $105.00 to $99.00 in a report on Friday, July 15th. Oppenheimer reduced their target price on Morgan Stanley from $97.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday, July 15th. Finally, Wells Fargo & Company reduced their target price on Morgan Stanley from $91.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $100.75.

Insiders Place Their Bets

In related news, major shareholder Stanley Morgan purchased 8,598 shares of the stock in a transaction on Thursday, July 28th. The shares were purchased at an average price of $8.41 per share, with a total value of $72,309.18. Following the transaction, the insider now directly owns 8,598 shares of the company’s stock, valued at $72,309.18. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

Morgan Stanley Stock Up 1.8 %

Shares of Morgan Stanley stock opened at $88.44 on Friday. The business’s 50 day simple moving average is $84.00 and its 200 day simple moving average is $84.26. Morgan Stanley has a 52-week low of $72.05 and a 52-week high of $109.73. The firm has a market cap of $151.84 billion, a PE ratio of 11.95, a P/E/G ratio of 1.59 and a beta of 1.38. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.80 and a current ratio of 0.80.

Morgan Stanley (NYSE:MSGet Rating) last announced its earnings results on Thursday, July 14th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.32). The firm had revenue of $13.13 billion during the quarter, compared to analyst estimates of $13.50 billion. Morgan Stanley had a net margin of 22.76% and a return on equity of 14.33%. The firm’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 EPS. On average, analysts predict that Morgan Stanley will post 6.69 earnings per share for the current fiscal year.

Morgan Stanley Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 29th were given a dividend of $0.775 per share. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $3.10 annualized dividend and a dividend yield of 3.51%. Morgan Stanley’s payout ratio is 41.89%.

Morgan Stanley declared that its board has authorized a stock buyback program on Monday, June 27th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 14.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

About Morgan Stanley

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding MS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morgan Stanley (NYSE:MSGet Rating).

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

Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.