Culbertson A N & Co. Inc. Purchases 2,200 Shares of Morgan Stanley (NYSE:MS)

Culbertson A N & Co. Inc. boosted its position in shares of Morgan Stanley (NYSE:MS) by 21.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,390 shares of the financial services provider’s stock after acquiring an additional 2,200 shares during the period. Culbertson A N & Co. Inc.’s holdings in Morgan Stanley were worth $543,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MS. SG Americas Securities LLC grew its stake in shares of Morgan Stanley by 110.8% in the 1st quarter. SG Americas Securities LLC now owns 269,751 shares of the financial services provider’s stock valued at $11,383,000 after purchasing an additional 2,767,524 shares during the period. FIL Ltd grew its stake in shares of Morgan Stanley by 60.7% in the 1st quarter. FIL Ltd now owns 5,491,388 shares of the financial services provider’s stock valued at $231,737,000 after purchasing an additional 2,074,400 shares during the period. FMR LLC grew its stake in shares of Morgan Stanley by 7.0% in the 1st quarter. FMR LLC now owns 25,890,003 shares of the financial services provider’s stock valued at $1,092,558,000 after purchasing an additional 1,687,819 shares during the period. Janus Henderson Group PLC grew its stake in shares of Morgan Stanley by 29.6% in the 1st quarter. Janus Henderson Group PLC now owns 7,378,953 shares of the financial services provider’s stock valued at $311,396,000 after purchasing an additional 1,686,321 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Morgan Stanley by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 16,970,026 shares of the financial services provider’s stock valued at $671,686,000 after purchasing an additional 956,583 shares during the period. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Several equities research analysts have recently weighed in on MS shares. ValuEngine lowered Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Oppenheimer set a $65.00 price objective on Morgan Stanley and gave the company a “buy” rating in a research note on Friday, July 19th. BMO Capital Markets set a $69.00 price objective on Morgan Stanley and gave the company a “buy” rating in a research note on Friday, July 19th. Citigroup upgraded Morgan Stanley from a “neutral” rating to a “buy” rating and upped their price objective for the company from $48.00 to $52.00 in a research note on Friday, July 12th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Morgan Stanley in a research note on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $56.92.

Shares of MS traded down $0.81 on Friday, hitting $42.12. The company’s stock had a trading volume of 16,089,586 shares, compared to its average volume of 8,539,254. The firm has a market capitalization of $72.22 billion, a P/E ratio of 9.14, a PEG ratio of 1.10 and a beta of 1.32. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.60. Morgan Stanley has a fifty-two week low of $36.74 and a fifty-two week high of $50.84. The business has a 50 day moving average price of $44.01.

Morgan Stanley (NYSE:MS) last announced its earnings results on Thursday, July 18th. The financial services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.13 by $0.10. The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.02 billion. Morgan Stanley had a return on equity of 11.10% and a net margin of 16.06%. Morgan Stanley’s revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.30 EPS. On average, research analysts predict that Morgan Stanley will post 4.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be issued a $0.35 dividend. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Tuesday, July 30th. Morgan Stanley’s payout ratio is presently 30.37%.

Morgan Stanley 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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.

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

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