Harbour Investments Inc. Purchases 105 Shares of Morgan Stanley $MS

Harbour Investments Inc. raised its position in shares of Morgan Stanley (NYSE:MS) by 3.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,142 shares of the financial services provider’s stock after purchasing an additional 105 shares during the period. Harbour Investments Inc.’s holdings in Morgan Stanley were worth $443,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. CBIZ Investment Advisory Services LLC raised its position in Morgan Stanley by 111.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 211 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 111 shares in the last quarter. MorganRosel Wealth Management LLC bought a new stake in Morgan Stanley during the 1st quarter valued at $27,000. RMG Wealth Management LLC bought a new position in shares of Morgan Stanley in the 2nd quarter worth $35,000. Abound Wealth Management raised its position in shares of Morgan Stanley by 58.5% in the 2nd quarter. Abound Wealth Management now owns 252 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 93 shares in the last quarter. Finally, Garde Capital Inc. bought a new position in shares of Morgan Stanley in the 1st quarter worth $30,000. 84.19% of the stock is owned by institutional investors.

Morgan Stanley Stock Up 2.0%

Shares of MS stock opened at $161.87 on Tuesday. Morgan Stanley has a 1-year low of $94.33 and a 1-year high of $166.77. The stock’s fifty day moving average price is $153.65 and its 200 day moving average price is $137.74. The company has a debt-to-equity ratio of 3.30, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $258.39 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.32.

Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, October 15th. The financial services provider reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.73. Morgan Stanley had a return on equity of 16.55% and a net margin of 13.85%.The firm had revenue of $18.22 billion for the quarter, compared to the consensus estimate of $16.42 billion. During the same period in the previous year, the business earned $1.88 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, research analysts expect that Morgan Stanley will post 8.56 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, October 31st. Morgan Stanley’s payout ratio is presently 41.03%.

Morgan Stanley announced that its board has authorized a stock buyback plan on Tuesday, July 1st that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 8.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MS. Royal Bank Of Canada boosted their price target on Morgan Stanley from $145.00 to $171.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 1st. UBS Group boosted their price target on Morgan Stanley from $156.00 to $165.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Jefferies Financial Group boosted their price target on Morgan Stanley from $175.00 to $186.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Evercore ISI boosted their price target on Morgan Stanley from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Finally, Keefe, Bruyette & Woods boosted their price target on Morgan Stanley from $176.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.54.

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.