New York State Teachers Retirement System cut its stake in shares of Morgan Stanley (NYSE:MS) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,055,210 shares of the financial services provider’s stock after selling 88,902 shares during the quarter. New York State Teachers Retirement System owned 0.12% of Morgan Stanley worth $90,039,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MS. Norges Bank bought a new stake in shares of Morgan Stanley during the 4th quarter worth $676,319,000. SG Americas Securities LLC boosted its position in shares of Morgan Stanley by 110.8% in the first quarter. SG Americas Securities LLC now owns 269,751 shares of the financial services provider’s stock worth $11,383,000 after buying an additional 2,767,524 shares during the period. FIL Ltd boosted its position in shares of Morgan Stanley by 60.7% in the first quarter. FIL Ltd now owns 5,491,388 shares of the financial services provider’s stock worth $231,737,000 after buying an additional 2,074,400 shares during the period. FMR LLC boosted its position in shares of Morgan Stanley by 7.0% in the first quarter. FMR LLC now owns 25,890,003 shares of the financial services provider’s stock worth $1,092,558,000 after buying an additional 1,687,819 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Morgan Stanley by 29.6% in the first quarter. Janus Henderson Group PLC now owns 7,378,953 shares of the financial services provider’s stock worth $311,396,000 after buying an additional 1,686,321 shares during the period. 83.87% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:MS traded up $0.87 during midday trading on Friday, hitting $45.74. 8,320,981 shares of the stock were exchanged, compared to its average volume of 8,277,672. 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 52-week low of $36.74 and a 52-week high of $51.31. The stock’s fifty day moving average is $43.81. The company has a market cap of $76.95 billion, a P/E ratio of 9.92, a PEG ratio of 1.15 and a beta of 1.31.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.06%. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, July 30th. Morgan Stanley’s dividend payout ratio (DPR) is currently 26.03%.

MS has been the subject of several recent analyst reports. Wells Fargo & Co reaffirmed a “buy” rating on shares of Morgan Stanley in a research report on Wednesday, April 17th. BMO Capital Markets set a $140.00 target price on SAP and gave the stock a “hold” rating in a research report on Friday, July 19th. Oppenheimer set a $312.00 target price on UnitedHealth Group and gave the stock a “buy” rating in a research report on Friday, July 19th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Finally, Royal Bank of Canada set a GBX 5,200 ($67.95) target price on London Stock Exchange Group and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, three have assigned 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.

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.

Further Reading: Leveraged Buyout (LBO) Explained

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

Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.