Grand Jean Capital Management Inc. Has $935,000 Stake in Morgan Stanley (NYSE:MS)

Grand Jean Capital Management Inc. raised its position in shares of Morgan Stanley (NYSE:MS) by 108.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,335 shares of the financial services provider’s stock after purchasing an additional 11,085 shares during the period. Morgan Stanley makes up approximately 0.4% of Grand Jean Capital Management Inc.’s investment portfolio, making the stock its 26th biggest position. Grand Jean Capital Management Inc.’s holdings in Morgan Stanley were worth $935,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Beacon Investment Advisory Services Inc. raised its position in Morgan Stanley by 17.5% during the second quarter. Beacon Investment Advisory Services Inc. now owns 69,663 shares of the financial services provider’s stock valued at $3,052,000 after purchasing an additional 10,371 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Morgan Stanley by 39.7% during the second quarter. Daiwa Securities Group Inc. now owns 92,919 shares of the financial services provider’s stock valued at $4,071,000 after purchasing an additional 26,400 shares in the last quarter. Advisory Services Network LLC raised its position in Morgan Stanley by 19.1% during the second quarter. Advisory Services Network LLC now owns 6,573 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 1,053 shares in the last quarter. Tyers Asset Management LLC raised its position in Morgan Stanley by 125.6% during the first quarter. Tyers Asset Management LLC now owns 81,840 shares of the financial services provider’s stock valued at $3,454,000 after purchasing an additional 45,562 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. raised its position in Morgan Stanley by 6.5% during the first quarter. Lowe Brockenbrough & Co. Inc. now owns 122,866 shares of the financial services provider’s stock valued at $5,185,000 after purchasing an additional 7,452 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Several brokerages have commented on MS. Oppenheimer set a $65.00 price objective on shares of Morgan Stanley and gave the company a “buy” rating in a research report on Friday, July 19th. BMO Capital Markets set a $69.00 target price on shares of Morgan Stanley and gave the stock a “buy” rating in a research note on Friday, July 19th. TheStreet cut shares of Morgan Stanley from a “b” rating to a “c+” rating in a research note on Wednesday, August 14th. Finally, Citigroup raised shares of Morgan Stanley from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $48.00 to $52.00 in a research note on Friday, July 12th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $56.45.

Shares of Morgan Stanley stock traded up $0.60 during trading on Friday, hitting $44.92. The company’s stock had a trading volume of 130,440 shares, compared to its average volume of 9,531,984. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.77 and a quick ratio of 0.77. Morgan Stanley has a 52 week low of $36.74 and a 52 week high of $50.37. The stock has a market cap of $74.23 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 1.12 and a beta of 1.33. The stock has a 50-day moving average price of $41.73 and a two-hundred day moving average price of $43.43.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.10. Morgan Stanley had a net margin of 16.06% and a return on equity of 11.04%. The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.02 billion. During the same quarter in the previous year, the firm posted $1.30 earnings per share. Morgan Stanley’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities analysts predict that Morgan Stanley will post 4.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a $0.35 dividend. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $1.40 annualized dividend and a yield of 3.12%. Morgan Stanley’s payout ratio is presently 30.37%.

Morgan Stanley Company Profile

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 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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