Brookstone Capital Management Has $760,000 Position in Morgan Stanley (NYSE:MS)

Brookstone Capital Management lessened its holdings in Morgan Stanley (NYSE:MSGet Rating) by 12.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,904 shares of the financial services provider’s stock after selling 1,451 shares during the quarter. Brookstone Capital Management’s holdings in Morgan Stanley were worth $760,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Morgan Stanley by 2.1% during 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 during the last quarter. Vanguard Group Inc. increased its holdings in Morgan Stanley by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 119,462,176 shares of the financial services provider’s stock valued at $10,440,994,000 after purchasing an additional 1,524,370 shares in the last quarter. Capital Research Global Investors raised its position in Morgan Stanley by 100.7% in the 1st quarter. Capital Research Global Investors now owns 26,638,524 shares of the financial services provider’s stock valued at $2,328,216,000 after purchasing an additional 13,367,310 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Morgan Stanley by 11.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 22,052,848 shares of the financial services provider’s stock worth $1,927,420,000 after purchasing an additional 2,274,156 shares in the last quarter. Finally, Capital International Investors grew its holdings in shares of Morgan Stanley by 696.5% during the first quarter. Capital International Investors now owns 20,756,931 shares of the financial services provider’s stock worth $1,814,480,000 after purchasing an additional 18,150,967 shares during the last quarter. 83.36% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley Price Performance

Morgan Stanley stock opened at $84.77 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.38. The firm has a market capitalization of $145.54 billion, a P/E ratio of 11.46, a PEG ratio of 1.63 and a beta of 1.38. The business has a 50-day moving average of $86.32 and a 200-day moving average of $84.11. Morgan Stanley has a 1 year low of $72.05 and a 1 year high of $109.73.

Morgan Stanley (NYSE:MSGet Rating) last issued its quarterly earnings data on Thursday, July 14th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.11). The firm had revenue of $13.13 billion for 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 revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 EPS. On average, equities analysts anticipate that Morgan Stanley will post 6.69 EPS for the current year.

Morgan Stanley declared that its board has authorized a stock buyback plan on Monday, June 27th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 14.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Morgan Stanley Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 29th were paid a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 3.66%. The ex-dividend date was Thursday, July 28th. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.70. Morgan Stanley’s dividend payout ratio (DPR) is presently 41.89%.

Insiders Place Their Bets

In other Morgan Stanley news, major shareholder Stanley Morgan purchased 8,598 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were bought at an average price of $8.41 per share, with a total value of $72,309.18. Following the completion of the transaction, the insider now directly owns 8,598 shares in the company, valued at approximately $72,309.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MS. 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. Odeon Capital Group lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Morgan Stanley from $105.00 to $92.00 and set a “hold” rating on the stock in a research note on Monday, September 12th. Piper Sandler reduced their price objective on Morgan Stanley from $100.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, July 1st. Finally, Credit Suisse Group lifted their target price on Morgan Stanley from $95.00 to $97.00 and gave the company an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $99.38.

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.

See Also

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)

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