American Trust Buys Shares of 3,263 Morgan Stanley (NYSE:MS)

American Trust bought a new stake in Morgan Stanley (NYSE:MSGet Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,263 shares of the financial services provider’s stock, valued at approximately $286,000.

Several other large investors have also recently bought and sold shares of MS. Vienna Asset Management LLC bought a new stake in shares of Morgan Stanley during the fourth quarter worth $29,000. Western Pacific Wealth Management LP bought a new stake in shares of Morgan Stanley during the fourth quarter worth $29,000. Tyler Stone Wealth Management bought a new position in Morgan Stanley in the fourth quarter valued at $29,000. Covestor Ltd bought a new position in Morgan Stanley in the fourth quarter valued at $37,000. Finally, Advanced Research Investment Solutions LLC bought a new position in Morgan Stanley in the first quarter valued at $33,000. Institutional investors own 83.36% of the company’s stock.

Insider Buying and Selling

In other Morgan Stanley news, major shareholder Stanley Morgan purchased 8,598 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were acquired at an average cost of $8.41 per share, with a total value of $72,309.18. Following the completion of the transaction, the insider now owns 8,598 shares in the company, valued at $72,309.18. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MS shares. Barclays decreased their target price on shares of Morgan Stanley from $123.00 to $108.00 and set an “overweight” rating for the company in a research report on Friday, July 15th. Piper Sandler decreased their target price on shares of Morgan Stanley from $100.00 to $90.00 and set a “neutral” rating for the company in a research report on Friday, July 1st. Oppenheimer decreased their target price on shares of Morgan Stanley from $97.00 to $93.00 and set an “outperform” rating for the company in a research report on Friday, July 15th. BMO Capital Markets decreased their target price on shares of Morgan Stanley from $105.00 to $99.00 in a research report on Friday, July 15th. Finally, Odeon Capital Group cut shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Morgan Stanley currently has a consensus rating of “Hold” and an average target price of $100.08.

Morgan Stanley Stock Performance

NYSE MS opened at $87.43 on Monday. The firm has a 50-day moving average of $85.41 and a 200-day moving average of $84.07. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $150.10 billion, a PE ratio of 11.81, a P/E/G ratio of 1.63 and a beta of 1.38. Morgan Stanley has a 52-week low of $72.05 and a 52-week high of $109.73.

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

Morgan Stanley declared that its board has approved a share repurchase program on Monday, June 27th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 14.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Morgan Stanley Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 29th were given a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a yield of 3.55%. 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. Morgan Stanley’s dividend payout ratio (DPR) is currently 41.89%.

About Morgan Stanley

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

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