LFA Lugano Financial Advisors SA Takes Position in Morgan Stanley (NYSE:MS)

LFA Lugano Financial Advisors SA acquired a new stake in shares of Morgan Stanley (NYSE:MS) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 1,501 shares of the financial services provider’s stock, valued at approximately $66,000.

Several other hedge funds also recently bought and sold shares of MS. SG Americas Securities LLC increased its position in shares of 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 purchasing an additional 2,767,524 shares during the last quarter. FIL Ltd boosted its holdings 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 during the period. FMR LLC boosted its holdings 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 during the period. Janus Henderson Group PLC boosted its holdings 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 during the period. Finally, Geode Capital Management LLC boosted its holdings 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 during the period. 84.14% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on MS. BMO Capital Markets set a $69.00 target price on Morgan Stanley and gave the stock a “buy” rating in a report on Friday, July 19th. Oppenheimer set a $65.00 price objective on Morgan Stanley and gave the stock a “buy” rating in a research note on Friday, July 19th. ValuEngine cut 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. Finally, TheStreet cut Morgan Stanley from a “b” rating to a “c+” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $56.92.

NYSE:MS traded up $0.84 during mid-day trading on Friday, hitting $39.94. 9,681,800 shares of the company’s stock traded hands, compared to its average volume of 10,707,094. The company has a fifty day moving average of $43.33 and a 200 day moving average of $43.53. Morgan Stanley has a twelve month low of $36.74 and a twelve month high of $50.42. The company has a market capitalization of $66.01 billion, a P/E ratio of 8.66, a P/E/G ratio of 1.01 and a beta of 1.32. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.77 and a current ratio of 0.77.

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, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.10. Morgan Stanley had a return on equity of 11.04% and a net margin of 16.06%. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.02 billion. During the same period in the prior year, the company posted $1.30 EPS. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, research analysts expect that Morgan Stanley will post 4.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were given a dividend of $0.35 per share. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend was Tuesday, July 30th. Morgan Stanley’s dividend payout ratio is currently 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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