Morgan Stanley (MS) Stake Lifted by Commerce Bank

Commerce Bank increased its stake in Morgan Stanley (NYSE:MS) by 5.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 33,083 shares of the financial services provider’s stock after acquiring an additional 1,691 shares during the period. Commerce Bank’s holdings in Morgan Stanley were worth $1,540,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CSat Investment Advisory L.P. bought a new position in shares of Morgan Stanley in the second quarter valued at approximately $102,000. First Mercantile Trust Co. bought a new stake in Morgan Stanley during the second quarter worth approximately $112,000. Landaas & Co. WI ADV bought a new stake in Morgan Stanley during the second quarter worth approximately $119,000. Harvest Fund Management Co. Ltd boosted its holdings in Morgan Stanley by 108.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,815 shares of the financial services provider’s stock worth $131,000 after buying an additional 1,467 shares in the last quarter. Finally, Kaizen Advisory LLC boosted its holdings in Morgan Stanley by 152.0% during the second quarter. Kaizen Advisory LLC now owns 3,395 shares of the financial services provider’s stock worth $161,000 after buying an additional 2,048 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Shares of NYSE:MS opened at $45.73 on Friday. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.80 and a quick ratio of 0.83. The company has a market capitalization of $79.77 billion, a P/E ratio of 12.70, a PEG ratio of 0.79 and a beta of 1.28. Morgan Stanley has a 52 week low of $42.88 and a 52 week high of $59.38.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.16. The business had revenue of $9.87 billion during the quarter, compared to the consensus estimate of $9.55 billion. Morgan Stanley had a net margin of 15.93% and a return on equity of 12.51%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. On average, research analysts expect that Morgan Stanley will post 4.94 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.62%. Morgan Stanley’s dividend payout ratio (DPR) is presently 33.33%.

Morgan Stanley announced that its Board of Directors has approved a stock buyback plan on Wednesday, July 18th that permits the company to repurchase $4.70 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

A number of brokerages recently weighed in on MS. JPMorgan Chase & Co. restated a “buy” rating and set a $62.00 target price on shares of Morgan Stanley in a report on Monday, September 10th. Sandler O’Neill restated a “hold” rating and set a $51.00 target price on shares of Morgan Stanley in a report on Friday, July 13th. ValuEngine upgraded shares of Morgan Stanley from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Zacks Investment Research cut shares of Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Finally, Societe Generale restated a “$49.85” rating and set a $56.00 target price on shares of Morgan Stanley in a report on Thursday, July 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $58.82.

In related news, major shareholder Stanley Morgan sold 327 shares of the company’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

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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 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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