NFJ Investment Group LLC Has $25.99 Million Position in Morgan Stanley (NYSE:MS)

NFJ Investment Group LLC raised its stake in shares of Morgan Stanley (NYSE:MS) by 0.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 283,442 shares of the financial services provider’s stock after purchasing an additional 1,788 shares during the period. NFJ Investment Group LLC’s holdings in Morgan Stanley were worth $25,989,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Trustcore Financial Services LLC acquired a new position in Morgan Stanley in the 2nd quarter valued at $26,000. Selective Wealth Management Inc. acquired a new position in Morgan Stanley during the 2nd quarter worth $28,000. Cowen Prime Advisors LLC acquired a new position in Morgan Stanley during the 2nd quarter worth $29,000. KB Financial Partners LLC acquired a new position in Morgan Stanley during the 1st quarter worth $30,000. Finally, BDO Wealth Advisors LLC lifted its position in Morgan Stanley by 734.5% during the 1st quarter. BDO Wealth Advisors LLC now owns 459 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 404 shares during the last quarter. 84.72% of the stock is currently owned by institutional investors.

Shares of NYSE:MS traded up $3.02 on Wednesday, hitting $101.32. The stock had a trading volume of 388,182 shares, compared to its average volume of 10,144,859. Morgan Stanley has a twelve month low of $45.86 and a twelve month high of $105.81. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.74 and a current ratio of 0.74. The firm’s 50 day moving average price is $100.12 and its 200-day moving average price is $90.58. The company has a market capitalization of $184.86 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 2.20 and a beta of 1.56.

Morgan Stanley (NYSE:MS) last posted its earnings results on Wednesday, July 14th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.22. Morgan Stanley had a net margin of 23.89% and a return on equity of 14.86%. The company had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same quarter in the previous year, the company posted $1.96 earnings per share. Morgan Stanley’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts predict that Morgan Stanley will post 7.46 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 13th. Stockholders of record on Friday, July 30th were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, July 29th. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.35. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.76%. Morgan Stanley’s dividend payout ratio (DPR) is 42.55%.

Morgan Stanley announced that its board has authorized a share buyback program on Monday, June 28th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 7.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

MS has been the topic of several recent analyst reports. Argus lifted their price target on Morgan Stanley from $93.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 16th. Seaport Res Ptn lowered shares of Morgan Stanley from a “buy” rating to a “neutral” rating in a research report on Friday, August 13th. Oppenheimer raised their price target on shares of Morgan Stanley from $99.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, July 16th. JPMorgan Chase & Co. raised their price target on shares of Morgan Stanley from $85.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 16th. Finally, Seaport Global Securities lowered shares of Morgan Stanley from a “buy” rating to a “neutral” rating in a research report on Friday, August 13th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $95.74.

In other news, insider Andrew M. Saperstein sold 11,465 shares of the stock in a transaction that occurred on Friday, July 16th. The shares were sold at an average price of $92.97, for a total transaction of $1,065,901.05. Following the sale, the insider now directly owns 173,075 shares of the company’s stock, valued at $16,090,782.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sharon Yeshaya sold 2,500 shares of the company’s stock in a transaction on Wednesday, July 21st. The shares were sold at an average price of $95.64, for a total value of $239,100.00. Following the transaction, the chief financial officer now directly owns 24,895 shares in the company, valued at approximately $2,380,957.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,430 shares of company stock valued at $2,370,902. 0.23% of the stock is currently owned by corporate insiders.

Morgan Stanley Profile

Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following 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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