World Asset Management Inc Reduces Stock Holdings in Morgan Stanley (NYSE:MS)

World Asset Management Inc lowered its position in Morgan Stanley (NYSE:MS) by 6.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 39,883 shares of the financial services provider’s stock after selling 2,824 shares during the period. World Asset Management Inc’s holdings in Morgan Stanley were worth $3,657,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MS. Total Clarity Wealth Management Inc. purchased a new stake in Morgan Stanley during the 1st quarter worth about $31,000. Cullen Frost Bankers Inc. increased its position in Morgan Stanley by 153.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 16,877 shares of the financial services provider’s stock worth $1,311,000 after purchasing an additional 10,224 shares in the last quarter. Ausdal Financial Partners Inc. increased its position in Morgan Stanley by 5.8% during the 1st quarter. Ausdal Financial Partners Inc. now owns 5,104 shares of the financial services provider’s stock worth $396,000 after purchasing an additional 278 shares in the last quarter. Los Angeles Capital Management LLC increased its position in Morgan Stanley by 0.5% during the 1st quarter. Los Angeles Capital Management LLC now owns 206,875 shares of the financial services provider’s stock worth $16,066,000 after purchasing an additional 976 shares in the last quarter. Finally, Avidian Wealth Solutions LLC grew its holdings in Morgan Stanley by 1.9% in the 1st quarter. Avidian Wealth Solutions LLC now owns 6,507 shares of the financial services provider’s stock valued at $505,000 after buying an additional 119 shares during the period. Hedge funds and other institutional investors own 84.72% of the company’s stock.

Shares of MS traded up $0.52 during trading on Wednesday, reaching $102.43. The company’s stock had a trading volume of 195,593 shares, compared to its average volume of 10,122,491. Morgan Stanley has a twelve month low of $45.86 and a twelve month high of $105.81. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.23. The company has a market cap of $186.89 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 2.20 and a beta of 1.56. The company has a fifty day moving average of $99.11 and a two-hundred day moving average of $89.87.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Wednesday, July 14th. The financial services provider reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.22. Morgan Stanley had a return on equity of 14.86% and a net margin of 23.89%. The business had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same period in the previous year, the business earned $1.96 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities analysts forecast that Morgan Stanley will post 7.46 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 13th. Stockholders of record on Friday, July 30th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.73%. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, July 29th. Morgan Stanley’s payout ratio is 42.55%.

Morgan Stanley announced that its Board of Directors has authorized a stock buyback plan on Monday, June 28th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 7.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Several analysts have commented on MS shares. Royal Bank of Canada lifted their price target on Morgan Stanley from $82.00 to $97.00 and gave the company an “outperform” rating in a report on Wednesday, July 7th. Seaport Global Securities cut Morgan Stanley from a “buy” rating to a “neutral” rating in a report on Friday, August 13th. They noted that the move was a valuation call. Piper Sandler lifted their price target on Morgan Stanley from $93.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, July 16th. Bank of America lifted their price target on Morgan Stanley from $92.00 to $105.00 and gave the company a “buy” rating in a report on Friday, June 4th. Finally, Argus lifted their price objective on Morgan Stanley from $93.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 16th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $95.74.

In related news, insider Andrew M. Saperstein sold 11,465 shares of the company’s stock in a transaction on Friday, July 16th. The stock was sold at an average price of $92.97, for a total transaction of $1,065,901.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sharon Yeshaya sold 2,500 shares of the company’s stock in a transaction on Wednesday, July 21st. The stock was sold at an average price of $95.64, for a total value of $239,100.00. Following the transaction, the chief financial officer now owns 24,895 shares of the company’s stock, valued at $2,380,957.80. The disclosure for this sale can be found here. Insiders sold a total of 25,430 shares of company stock valued at $2,370,902 over the last quarter. Company insiders own 0.23% of the company’s stock.

Morgan Stanley Profile

Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following segments: Institutional Securities, Wealth Management, and Investment Management.

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

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