Parkside Investments LLC bought a new stake in Morgan Stanley (NYSE:MS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,076 shares of the financial services provider’s stock, valued at approximately $704,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tyers Asset Management LLC lifted its stake in shares of Morgan Stanley by 125.6% in 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 buying an additional 45,562 shares during the period. Lowe Brockenbrough & Co. Inc. raised its position in Morgan Stanley by 6.5% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 122,866 shares of the financial services provider’s stock worth $5,185,000 after purchasing an additional 7,452 shares in the last quarter. Markston International LLC raised its position in Morgan Stanley by 3.8% in the first quarter. Markston International LLC now owns 213,191 shares of the financial services provider’s stock worth $8,997,000 after purchasing an additional 7,770 shares in the last quarter. Strycker View Capital LLC raised its position in Morgan Stanley by 238.1% in the second quarter. Strycker View Capital LLC now owns 574,754 shares of the financial services provider’s stock worth $25,180,000 after purchasing an additional 404,754 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. raised its position in Morgan Stanley by 12.5% in the first quarter. Canandaigua National Bank & Trust Co. now owns 42,140 shares of the financial services provider’s stock worth $1,778,000 after purchasing an additional 4,697 shares in the last quarter. Institutional investors and hedge funds own 84.14% of the company’s stock.

Shares of NYSE MS traded up $0.96 during mid-day trading on Friday, hitting $40.06. 444,217 shares of the stock were exchanged, compared to its average volume of 10,307,014. The company has a market cap of $67.25 billion, a P/E ratio of 8.69, a PEG ratio of 1.04 and a beta of 1.32. The stock’s fifty day simple moving average is $43.40 and its two-hundred day simple moving average is $43.54. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.77 and a current ratio of 0.77. Morgan Stanley has a twelve month low of $36.74 and a twelve month high of $50.42.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.10. The company had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.02 billion. Morgan Stanley had a net margin of 16.06% and a return on equity of 11.04%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the business posted $1.30 earnings per share. As a group, equities research analysts predict that Morgan Stanley will post 4.78 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.35 per share. 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 dividend yield of 3.49%. Morgan Stanley’s dividend payout ratio (DPR) is presently 30.37%.

Several research analysts recently issued reports on MS shares. TheStreet lowered shares of Morgan Stanley from a “b” rating to a “c+” rating in a research report on Wednesday. ValuEngine lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. BMO Capital Markets set a $69.00 price target on shares of Morgan Stanley and gave the stock a “buy” rating in a research report on Friday, July 19th. Royal Bank of Canada set a $60.00 price target on shares of Morgan Stanley and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Oppenheimer set a $65.00 price target on shares of Morgan Stanley and gave the stock a “buy” rating in a research report on Friday, July 19th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $56.92.

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 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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