Chapin Davis Inc. Has $372,000 Stock Holdings in Morgan Stanley $MS

Chapin Davis Inc. decreased its stake in Morgan Stanley (NYSE:MS) by 63.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,779 shares of the financial services provider’s stock after selling 3,150 shares during the quarter. Chapin Davis Inc.’s holdings in Morgan Stanley were worth $372,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Financial Group Inc. bought a new position in Morgan Stanley in the second quarter valued at about $78,825,883,310. State Street Corp grew its holdings in shares of Morgan Stanley by 0.5% during the fourth quarter. State Street Corp now owns 103,854,751 shares of the financial services provider’s stock worth $18,437,334,000 after purchasing an additional 539,544 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Morgan Stanley by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 27,070,557 shares of the financial services provider’s stock valued at $4,786,350,000 after buying an additional 534,708 shares during the period. Fisher Asset Management LLC raised its holdings in Morgan Stanley by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 25,018,335 shares of the financial services provider’s stock valued at $4,441,505,000 after buying an additional 524,189 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Morgan Stanley by 0.5% during the 1st quarter. Bank of America Corp DE now owns 16,326,676 shares of the financial services provider’s stock worth $2,686,881,000 after buying an additional 87,533 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Trending Headlines about Morgan Stanley

Here are the key news stories impacting Morgan Stanley this week:

• Positive Sentiment: Industry tailwinds support the outlook: Zacks identified Morgan Stanley among investment banks positioned to benefit from increased technology spending, active trading, and stronger underwriting and advisory activity. These trends could support revenue growth across wealth management and institutional securities. 3 Investment Bank Stocks Set to Benefit From Industry Tailwinds
• Neutral Sentiment: Recent earnings momentum remains a fundamental support: Morgan Stanley’s latest quarterly results showed adjusted earnings per share of $3.46, well above the $2.89 consensus estimate, while revenue rose 27.1% year over year to $21.35 billion. However, these results were released earlier and do not represent a fresh trading catalyst.
• Neutral Sentiment: Investment-banking activity remains visible: Morgan Stanley was listed among institutional buyers in recent Indian transactions involving Purple Style Labs and Lenskart. These deals may generate advisory or underwriting revenue, but the announcements do not appear material enough to directly affect MS shares. Purple Style Raises Funds Ahead of IPO

Morgan Stanley Stock Performance

NYSE:MS opened at $214.69 on Friday. The company has a fifty day moving average of $216.44 and a 200-day moving average of $195.32. The firm has a market capitalization of $338.63 billion, a P/E ratio of 17.36, a P/E/G ratio of 1.52 and a beta of 1.22. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 3.65. Morgan Stanley has a twelve month low of $145.65 and a twelve month high of $232.25.

Morgan Stanley (NYSE:MS) last issued its earnings results on Wednesday, July 15th. The financial services provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.57. The business had revenue of $21.35 billion for the quarter, compared to analyst estimates of $19.67 billion. Morgan Stanley had a net margin of 15.65% and a return on equity of 19.31%. Morgan Stanley’s revenue was up 27.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.13 earnings per share. As a group, sell-side analysts anticipate that Morgan Stanley will post 12.79 EPS for the current year.

Morgan Stanley declared that its board has authorized a share repurchase program on Wednesday, June 24th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 5.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Morgan Stanley Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $1.15 per share. This is a boost from Morgan Stanley’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Friday, July 31st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.1%. Morgan Stanley’s payout ratio is currently 37.19%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MS. Daiwa Securities Group boosted their target price on shares of Morgan Stanley from $175.00 to $198.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. CICC Research lifted their price target on shares of Morgan Stanley from $175.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. HSBC boosted their price objective on shares of Morgan Stanley from $190.00 to $215.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Zacks Research upgraded Morgan Stanley from a “hold” rating to a “strong-buy” rating in a report on Monday, August 24th. Finally, Keefe, Bruyette & Woods raised their target price on Morgan Stanley from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Morgan Stanley presently has an average rating of “Moderate Buy” and a consensus target price of $224.75.

Morgan Stanley Company Profile

Morgan Stanley (NYSE: MS) is a global financial services firm headquartered in New York City. Founded in 1935 by Henry S. Morgan and Harold Stanley, the company provides a broad range of investment banking, securities, wealth management and investment management services to corporations, governments, institutions and individual investors. Leadership has been guided by a senior executive team and board of directors; James P. Gorman has served as the company’s chief executive and chairman in recent years.

The firm’s primary business activities are organized around three principal businesses: Institutional Securities, Wealth Management and Investment Management.