Jamison Private Wealth Management Inc. Acquires 257 Shares of Morgan Stanley (NYSE:MS)

Jamison Private Wealth Management Inc. raised its stake in Morgan Stanley (NYSE:MS) by 29.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,122 shares of the financial services provider’s stock after purchasing an additional 257 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Morgan Stanley were worth $109,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank bought a new position in Morgan Stanley during the fourth quarter worth about $958,105,000. Wellington Management Group LLP boosted its stake in Morgan Stanley by 17.2% in the 4th quarter. Wellington Management Group LLP now owns 38,451,051 shares of the financial services provider’s stock valued at $3,585,561,000 after buying an additional 5,631,435 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Morgan Stanley in the fourth quarter valued at $512,867,000. Capital International Investors grew its position in Morgan Stanley by 16.3% in the first quarter. Capital International Investors now owns 28,481,070 shares of the financial services provider’s stock valued at $2,681,778,000 after acquiring an additional 3,981,528 shares during the period. Finally, Focused Investors Fund L P acquired a new position in Morgan Stanley during the first quarter worth $159,714,000. Institutional investors own 84.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MS shares. Barclays upped their target price on shares of Morgan Stanley from $116.00 to $121.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Royal Bank of Canada upped their price objective on shares of Morgan Stanley from $91.00 to $108.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 17th. Evercore ISI lifted their target price on shares of Morgan Stanley from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Citigroup boosted their target price on Morgan Stanley from $98.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. Finally, Wells Fargo & Company cut Morgan Stanley from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $99.00 to $95.00 in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Morgan Stanley presently has a consensus rating of “Hold” and a consensus target price of $101.45.

Insider Activity

In other Morgan Stanley news, insider Daniel A. Simkowitz sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $106.54, for a total value of $4,261,600.00. Following the completion of the sale, the insider now owns 442,522 shares of the company’s stock, valued at $47,146,293.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Mandell Crawley sold 3,500 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $105.25, for a total transaction of $368,375.00. Following the completion of the sale, the insider now directly owns 43,224 shares of the company’s stock, valued at approximately $4,549,326. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel A. Simkowitz sold 40,000 shares of Morgan Stanley stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $106.54, for a total transaction of $4,261,600.00. Following the completion of the transaction, the insider now directly owns 442,522 shares in the company, valued at approximately $47,146,293.88. The disclosure for this sale can be found here. Insiders sold a total of 258,954 shares of company stock valued at $27,239,058 in the last ninety days. 0.24% of the stock is owned by insiders.

Morgan Stanley Trading Up 0.1 %

Shares of NYSE MS traded up $0.13 during mid-day trading on Friday, hitting $94.76. The company’s stock had a trading volume of 440,976 shares, compared to its average volume of 7,574,226. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market cap of $154.00 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 1.05 and a beta of 1.38. The company’s fifty day simple moving average is $99.30 and its 200-day simple moving average is $93.83. Morgan Stanley has a one year low of $69.42 and a one year high of $109.11.

Morgan Stanley (NYSE:MS) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.65 by $0.17. Morgan Stanley had a net margin of 10.17% and a return on equity of 11.90%. The company had revenue of $15.02 billion during the quarter, compared to analysts’ expectations of $14.32 billion. During the same quarter in the previous year, the company posted $1.24 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Morgan Stanley will post 7 earnings per share for the current fiscal year.

Morgan Stanley Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.925 per share. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.85. This represents a $3.70 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Wednesday, July 31st. Morgan Stanley’s payout ratio is presently 67.40%.

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.