Gareth Morgan Investments Limited Partnership Takes $696,000 Position in Morgan Stanley (MS)

Gareth Morgan Investments Limited Partnership acquired a new stake in Morgan Stanley (NYSE:MS) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,617 shares of the financial services provider’s stock, valued at approximately $696,000.

Several other large investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust raised its position in Morgan Stanley by 9.1% in the second quarter. Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 190 shares during the period. V Wealth Management LLC purchased a new stake in Morgan Stanley in the second quarter valued at $106,000. Invictus RG purchased a new stake in Morgan Stanley in the first quarter valued at $106,000. FTB Advisors Inc. raised its position in Morgan Stanley by 8.1% in the first quarter. FTB Advisors Inc. now owns 2,605 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 196 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in Morgan Stanley in the first quarter valued at $120,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Morgan Stanley (MS) traded up 0.11% during midday trading on Friday, reaching $46.47. The company’s stock had a trading volume of 4,510,400 shares. The stock has a market capitalization of $85.35 billion, a PE ratio of 13.31 and a beta of 1.63. Morgan Stanley has a 12 month low of $30.62 and a 12 month high of $48.90. The stock’s 50 day moving average is $46.10 and its 200 day moving average is $44.53.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%. The company had revenue of $9.50 billion during the quarter, compared to the consensus estimate of $9.05 billion. During the same quarter last year, the firm posted $0.75 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. On average, analysts forecast that Morgan Stanley will post $3.50 EPS for the current fiscal year.

Morgan Stanley declared that its Board of Directors has approved a stock repurchase plan on Wednesday, June 28th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 6.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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In other news, Chairman James P. Gorman sold 212,366 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $47.26, for a total value of $10,036,417.16. Following the completion of the transaction, the chairman now directly owns 1,602,609 shares in the company, valued at approximately $75,739,301.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jonathan Pruzan sold 25,767 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $46.68, for a total transaction of $1,202,803.56. Following the completion of the transaction, the chief financial officer now owns 196,708 shares of the company’s stock, valued at $9,182,329.44. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

MS has been the topic of several research analyst reports. Zacks Investment Research downgraded Morgan Stanley from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. ValuEngine downgraded Morgan Stanley from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Instinet restated a “buy” rating and set a $50.00 price target (down previously from $51.00) on shares of Morgan Stanley in a report on Saturday, June 3rd. J P Morgan Chase & Co restated a “buy” rating on shares of Morgan Stanley in a report on Monday, May 29th. Finally, Wells Fargo & Company initiated coverage on Morgan Stanley in a report on Wednesday, August 9th. They set a “market perform” rating and a $48.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Morgan Stanley currently has a consensus rating of “Buy” and a consensus price target of $48.48.

About Morgan Stanley

Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.

Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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