Morgan Stanley (NYSE:MS) Stock Holdings Trimmed by Palisade Asset Management LLC

Palisade Asset Management LLC lowered its holdings in shares of Morgan Stanley (NYSE:MS) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,810 shares of the financial services provider’s stock after selling 700 shares during the period. Palisade Asset Management LLC’s holdings in Morgan Stanley were worth $1,218,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MS. SG Americas Securities LLC raised its stake in Morgan Stanley by 110.8% during 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 acquiring an additional 2,767,524 shares in the last quarter. FIL Ltd raised its stake in Morgan Stanley by 60.7% during the 1st quarter. FIL Ltd now owns 5,491,388 shares of the financial services provider’s stock valued at $231,737,000 after acquiring an additional 2,074,400 shares in the last quarter. FMR LLC raised its stake in Morgan Stanley by 7.0% during 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 acquiring an additional 1,687,819 shares in the last quarter. Janus Henderson Group PLC raised its stake in Morgan Stanley by 29.6% during 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 acquiring an additional 1,686,321 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Morgan Stanley by 6.0% during 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 acquiring an additional 956,583 shares in the last quarter. 83.85% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on MS shares. Oppenheimer set a $65.00 target price on Morgan Stanley and gave the company a “buy” rating in a research note on Friday, July 19th. ValuEngine downgraded Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Royal Bank of Canada set a $60.00 price objective on Morgan Stanley and gave the stock a “buy” rating in a research note on Wednesday, April 24th. BMO Capital Markets set a $69.00 price objective on Morgan Stanley and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Morgan Stanley in a research note on Wednesday, April 17th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $56.92.

Shares of MS traded down $1.69 during midday trading on Monday, reaching $40.43. The stock had a trading volume of 650,258 shares, compared to its average volume of 8,539,254. Morgan Stanley has a 52 week low of $36.74 and a 52 week high of $50.84. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.60. The firm has a 50 day moving average of $44.01. The firm has a market cap of $68.47 billion, a P/E ratio of 8.74, a P/E/G ratio of 1.08 and a beta of 1.32.

Morgan Stanley (NYSE:MS) last announced its earnings results on Thursday, July 18th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.10. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates 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 for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 earnings per share. Sell-side analysts expect that Morgan Stanley will post 4.78 earnings per share for the current year.

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 $0.35 per share. The ex-dividend date of this dividend is Tuesday, July 30th. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.46%. Morgan Stanley’s payout ratio is 30.37%.

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

Further Reading: Retained Earnings

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

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