Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in shares of Morgan Stanley (NYSE:MS) by 19.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 291,810 shares of the financial services provider’s stock after selling 71,583 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Morgan Stanley were worth $13,832,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of MS. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Morgan Stanley by 406.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,869 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 1,500 shares during the period. Mount Yale Investment Advisors LLC bought a new stake in shares of Morgan Stanley during the first quarter worth approximately $109,000. Perigon Wealth Management LLC bought a new stake in shares of Morgan Stanley during the first quarter worth approximately $113,000. Rainier Group Investment Advisory LLC bought a new stake in shares of Morgan Stanley during the first quarter worth approximately $119,000. Finally, First Mercantile Trust Co. bought a new stake in shares of Morgan Stanley during the second quarter worth approximately $112,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

A number of brokerages have recently issued reports on MS. ValuEngine cut Morgan Stanley from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Tuesday, July 24th. Citigroup reduced their price objective on Morgan Stanley from $58.00 to $56.00 and set a “neutral” rating for the company in a report on Friday, July 20th. Goldman Sachs Group set a $59.00 price objective on Morgan Stanley and gave the stock a “neutral” rating in a report on Friday, July 20th. Finally, Societe Generale reiterated a “$49.85” rating and issued a $56.00 price target on shares of Morgan Stanley in a research report on Thursday, July 19th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $57.05.

Morgan Stanley opened at $48.39 on Friday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.83 and a quick ratio of 0.82. Morgan Stanley has a 1-year low of $43.84 and a 1-year high of $59.38. The company has a market capitalization of $86.26 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 0.88 and a beta of 1.46.

Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.19. Morgan Stanley had a net margin of 15.84% and a return on equity of 12.04%. The company had revenue of $10.61 billion during the quarter, compared to the consensus estimate of $10.05 billion. During the same period in the previous year, the business earned $0.87 earnings per share. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. sell-side analysts anticipate that Morgan Stanley will post 4.86 earnings per share for the current year.

Morgan Stanley declared that its Board of Directors has approved a stock repurchase plan on Thursday, June 28th that permits the company to buyback $4.70 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 5.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 15th. Stockholders of record on Tuesday, July 31st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.48%. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, July 30th. Morgan Stanley’s payout ratio is presently 33.33%.

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 three 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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