Mount Yale Investment Advisors LLC acquired a new position in Morgan Stanley (NYSE:MS) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,011 shares of the financial services provider’s stock, valued at approximately $109,000.
Other institutional investors also recently modified their holdings of the company. Boston Partners grew its holdings in shares of Morgan Stanley by 476.1% in the first quarter. Boston Partners now owns 2,120,958 shares of the financial services provider’s stock valued at $114,447,000 after acquiring an additional 1,752,824 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Morgan Stanley in the first quarter valued at approximately $80,530,000. Toronto Dominion Bank grew its holdings in shares of Morgan Stanley by 211.9% in the first quarter. Toronto Dominion Bank now owns 2,087,633 shares of the financial services provider’s stock valued at $112,621,000 after acquiring an additional 1,418,331 shares in the last quarter. FIL Ltd grew its holdings in shares of Morgan Stanley by 29.2% in the first quarter. FIL Ltd now owns 3,867,129 shares of the financial services provider’s stock valued at $208,671,000 after acquiring an additional 875,087 shares in the last quarter. Finally, Summit Trail Advisors LLC grew its holdings in shares of Morgan Stanley by 4,471.2% in the first quarter. Summit Trail Advisors LLC now owns 875,756 shares of the financial services provider’s stock valued at $876,000 after acquiring an additional 856,598 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.
Morgan Stanley stock opened at $47.02 on Wednesday. Morgan Stanley has a one year low of $43.84 and a one year high of $59.38. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $83.91 billion, a PE ratio of 13.06, a P/E/G ratio of 0.79 and a beta of 1.49.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Wednesday, April 18th. The financial services provider reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.17. Morgan Stanley had a return on equity of 11.10% and a net margin of 15.09%. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $10.37 billion. During the same period last year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. analysts anticipate that Morgan Stanley will post 4.71 EPS for the current fiscal year.
Morgan Stanley announced that its Board of Directors has initiated a share buyback program on Thursday, June 28th that allows the company to repurchase $4.70 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 5.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.
Several equities analysts have recently issued reports on MS shares. Zacks Investment Research lowered Morgan Stanley from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. Sanford C. Bernstein started coverage on Morgan Stanley in a report on Monday, April 9th. They issued an “underperform” rating and a $51.00 target price for the company. Vining Sparks reaffirmed a “buy” rating and issued a $67.00 target price on shares of Morgan Stanley in a report on Wednesday, April 18th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $62.00 target price on shares of Morgan Stanley in a report on Thursday, April 5th. Finally, Credit Suisse Group increased their price objective on Morgan Stanley from $61.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, April 19th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $56.90.
About Morgan Stanley
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. The company operates through three segments: Institutional Securities, Wealth Management, and Investment Management.
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