Morgan Stanley (NYSE:MS) Shares Sold by Point View Wealth Management Inc.

Point View Wealth Management Inc. lowered its stake in shares of Morgan Stanley (NYSE:MS) by 10.6% in the second quarter, Holdings Channel reports. The institutional investor owned 4,606 shares of the financial services provider’s stock after selling 549 shares during the quarter. Point View Wealth Management Inc.’s holdings in Morgan Stanley were worth $202,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. IMA Wealth Inc. acquired a new position in Morgan Stanley in the first quarter worth $31,000. Citizens Financial Group Inc RI boosted its holdings in Morgan Stanley by 46.2% in the first quarter. Citizens Financial Group Inc RI now owns 775 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 245 shares during the period. Destination Wealth Management boosted its holdings in Morgan Stanley by 38.7% in the first quarter. Destination Wealth Management now owns 771 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 215 shares during the period. Clean Yield Group acquired a new position in Morgan Stanley in the second quarter worth $36,000. Finally, Rational Advisors LLC boosted its holdings in Morgan Stanley by 358.7% in the first quarter. Rational Advisors LLC now owns 1,266 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 990 shares during the period. 83.85% of the stock is owned by institutional investors and hedge funds.

MS stock traded up $0.23 during mid-day trading on Friday, reaching $41.50. The company had a trading volume of 10,799,122 shares, compared to its average volume of 10,109,330. The company has a quick ratio of 0.80, a current ratio of 0.77 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $67.04 billion, a PE ratio of 9.00, a P/E/G ratio of 1.04 and a beta of 1.32. Morgan Stanley has a one year low of $36.74 and a one year high of $50.42. The business has a 50-day moving average price of $43.75.

Morgan Stanley (NYSE:MS) last posted its earnings results on Thursday, July 18th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.10. The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.02 billion. Morgan Stanley had a return on equity of 11.04% and a net margin of 16.06%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the business posted $1.30 earnings per share. As a group, research analysts predict that Morgan Stanley will post 4.78 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.37%. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, July 30th. Morgan Stanley’s dividend payout ratio (DPR) is presently 30.37%.

A number of equities analysts have commented on MS shares. Royal Bank of Canada set a $60.00 price objective on shares of Morgan Stanley and gave the stock a “buy” rating in a report on Wednesday, April 24th. Citigroup raised shares of Morgan Stanley from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $48.00 to $52.00 in a report on Friday, July 12th. BMO Capital Markets set a $69.00 price objective on shares of Morgan Stanley and gave the stock a “buy” rating in a report on Friday, July 19th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Morgan Stanley in a report on Wednesday, April 17th. Finally, Oppenheimer set a $65.00 price objective on shares of Morgan Stanley and gave the stock a “buy” rating in a report on Friday, July 19th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $56.92.

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 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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