Commerzbank Aktiengesellschaft FI Purchases Shares of 22,168 Morgan Stanley $MS

Commerzbank Aktiengesellschaft FI acquired a new position in shares of Morgan Stanley (NYSE:MSFree Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 22,168 shares of the financial services provider’s stock, valued at approximately $4,634,000.

Other hedge funds have also made changes to their positions in the company. Crown Wealth Group LLC boosted its holdings in Morgan Stanley by 3.2% in the second quarter. Crown Wealth Group LLC now owns 1,532 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 48 shares in the last quarter. Hughes Financial Services LLC raised its holdings in Morgan Stanley by 55.7% during the second quarter. Hughes Financial Services LLC now owns 137 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 49 shares in the last quarter. Evolution Wealth Management Inc. raised its holdings in Morgan Stanley by 35.7% during the second quarter. Evolution Wealth Management Inc. now owns 194 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 51 shares in the last quarter. Financial Management Professionals Inc. lifted its position in shares of Morgan Stanley by 0.6% during the 2nd quarter. Financial Management Professionals Inc. now owns 8,245 shares of the financial services provider’s stock worth $1,724,000 after buying an additional 52 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of Morgan Stanley by 12.3% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 502 shares of the financial services provider’s stock worth $89,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Morgan Stanley Price Performance

Shares of NYSE MS opened at $218.63 on Tuesday. The stock has a fifty day moving average price of $216.97 and a 200 day moving average price of $193.33. Morgan Stanley has a 1-year low of $141.03 and a 1-year high of $232.25. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $344.84 billion, a PE ratio of 17.67, a P/E/G ratio of 1.54 and a beta of 1.22.

Morgan Stanley (NYSE:MSGet Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.57. The company had revenue of $21.35 billion for the quarter, compared to analysts’ expectations of $19.67 billion. Morgan Stanley had a net margin of 15.65% and a return on equity of 19.31%. Morgan Stanley’s revenue was up 27.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.13 EPS. Sell-side analysts forecast that Morgan Stanley will post 12.79 EPS for the current year.

Morgan Stanley Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.1%. This is a positive change from Morgan Stanley’s previous quarterly dividend of $1.00. The ex-dividend date was Friday, July 31st. Morgan Stanley’s dividend payout ratio (DPR) is presently 37.19%.

Morgan Stanley announced that its Board of Directors has approved a share buyback plan on Wednesday, June 24th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 5.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

MS has been the topic of a number of recent analyst reports. Bank of America increased their target price on shares of Morgan Stanley from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. upped their price objective on shares of Morgan Stanley from $187.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Dbs Bank raised their price objective on Morgan Stanley from $185.00 to $220.00 in a report on Thursday, May 7th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $243.00 target price on shares of Morgan Stanley in a research report on Monday, July 20th. Finally, BNP Paribas Exane boosted their target price on Morgan Stanley from $195.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Morgan Stanley has an average rating of “Moderate Buy” and a consensus price target of $224.75.

View Our Latest Stock Analysis on MS

Morgan Stanley News Summary

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Morgan Stanley Company Profile

(Free Report)

Morgan Stanley (NYSE: MS) is a global financial services firm headquartered in New York City. Founded in 1935 by Henry S. Morgan and Harold Stanley, the company provides a broad range of investment banking, securities, wealth management and investment management services to corporations, governments, institutions and individual investors. Leadership has been guided by a senior executive team and board of directors; James P. Gorman has served as the company’s chief executive and chairman in recent years.

The firm’s primary business activities are organized around three principal businesses: Institutional Securities, Wealth Management and Investment Management.

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

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