Grand Jean Capital Management Inc. boosted its position in Morgan Stanley (NYSE:MS) by 108.1% in the second quarter, HoldingsChannel reports. The firm owned 21,335 shares of the financial services provider’s stock after buying an additional 11,085 shares during the quarter. Morgan Stanley accounts for about 0.4% of Grand Jean Capital Management Inc.’s holdings, making the stock its 26th largest holding. Grand Jean Capital Management Inc.’s holdings in Morgan Stanley were worth $935,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MS. Lourd Capital LLC grew its position in shares of Morgan Stanley by 2.2% during the 2nd quarter. Lourd Capital LLC now owns 10,652 shares of the financial services provider’s stock valued at $467,000 after acquiring an additional 233 shares during the period. Citizens Financial Group Inc RI boosted its holdings in Morgan Stanley by 46.2% in the 1st quarter. Citizens Financial Group Inc RI now owns 775 shares of the financial services provider’s stock worth $32,000 after buying an additional 245 shares during the period. Sandy Spring Bank boosted its holdings in Morgan Stanley by 26.2% in the 2nd quarter. Sandy Spring Bank now owns 1,262 shares of the financial services provider’s stock worth $55,000 after buying an additional 262 shares during the period. Captrust Financial Advisors boosted its holdings in Morgan Stanley by 1.3% in the 2nd quarter. Captrust Financial Advisors now owns 22,908 shares of the financial services provider’s stock worth $1,004,000 after buying an additional 285 shares during the period. Finally, Convergence Investment Partners LLC boosted its holdings in Morgan Stanley by 0.7% in the 2nd quarter. Convergence Investment Partners LLC now owns 43,074 shares of the financial services provider’s stock worth $1,887,000 after buying an additional 293 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

NYSE MS traded up $0.60 on Friday, hitting $44.92. The stock had a trading volume of 130,440 shares, compared to its average volume of 9,531,984. Morgan Stanley has a 52-week low of $36.74 and a 52-week high of $50.37. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization 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 firm has a 50-day moving average of $41.73 and a 200-day moving average of $43.43.

Morgan Stanley (NYSE:MS) last posted its earnings results on Thursday, July 18th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.02 billion. During the same period in the prior year, the company posted $1.30 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, research analysts anticipate that Morgan Stanley will post 4.79 earnings per share for the current fiscal year.

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

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

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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