Royal London Asset Management Ltd. acquired a new position in shares of Morgan Stanley (NYSE:MS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 532,087 shares of the financial services provider’s stock, valued at approximately $25,224,000.

A number of other institutional investors have also recently added to or reduced their stakes in MS. Thrivent Financial for Lutherans increased its position in Morgan Stanley by 2.3% during the first quarter. Thrivent Financial for Lutherans now owns 58,096 shares of the financial services provider’s stock worth $3,135,000 after purchasing an additional 1,285 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Morgan Stanley by 59.4% during the first quarter. Neuberger Berman Group LLC now owns 710,151 shares of the financial services provider’s stock valued at $38,319,000 after acquiring an additional 264,624 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Morgan Stanley by 23.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 105,336 shares of the financial services provider’s stock valued at $5,683,000 after acquiring an additional 20,180 shares during the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of Morgan Stanley by 9.5% during the first quarter. Candriam Luxembourg S.C.A. now owns 130,883 shares of the financial services provider’s stock valued at $7,063,000 after acquiring an additional 11,317 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of Morgan Stanley by 27.5% during the first quarter. IFP Advisors Inc now owns 19,481 shares of the financial services provider’s stock valued at $1,051,000 after acquiring an additional 4,202 shares during the last quarter. Hedge funds and other institutional investors own 84.44% of the company’s stock.

Shares of Morgan Stanley stock traded down $0.06 during trading on Friday, reaching $43.43. The company’s stock had a trading volume of 16,048,103 shares, compared to its average volume of 9,543,617. The stock has a market capitalization of $81.25 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 0.83 and a beta of 1.42. Morgan Stanley has a fifty-two week low of $42.88 and a fifty-two week high of $59.38. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.83 and a quick ratio of 0.83.

Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, July 18th. The financial services provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.19. The business had revenue of $10.61 billion for the quarter, compared to analysts’ expectations of $10.05 billion. Morgan Stanley had a net margin of 15.84% and a return on equity of 12.04%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 EPS. Analysts anticipate that Morgan Stanley will post 4.8 earnings per share for the current year.

Morgan Stanley declared that its Board of Directors has initiated a stock repurchase plan on Thursday, June 28th that permits the company to repurchase $4.70 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 5.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

A number of equities research analysts have weighed in on MS shares. Wolfe Research started coverage on shares of Morgan Stanley in a research report on Tuesday, September 25th. They set an “outperform” rating for the company. ValuEngine lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Tuesday, July 24th. Cfra reissued a “buy” rating and issued a $65.00 price objective on shares of Morgan Stanley in a research note on Thursday, June 21st. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $62.00 price objective on shares of Morgan Stanley in a research note on Monday, September 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $59.22.

In other news, major shareholder Stanley Morgan sold 327 shares of Morgan Stanley stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $23,000.00, for a total value of $7,521,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.19% of the company’s stock.

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 three segments: Institutional Securities, Wealth Management, and Investment Management.

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

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