Morgan Stanley (MS) Shares Bought by Abbrea Capital LLC

Abbrea Capital LLC increased its holdings in shares of Morgan Stanley (NYSE:MS) by 8.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 15,730 shares of the financial services provider’s stock after purchasing an additional 1,279 shares during the period. Abbrea Capital LLC’s holdings in Morgan Stanley were worth $849,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Iberiabank Corp lifted its position in shares of Morgan Stanley by 11.8% during the 4th quarter. Iberiabank Corp now owns 9,121 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 960 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Morgan Stanley by 8.1% during the 1st quarter. D.A. Davidson & CO. now owns 13,182 shares of the financial services provider’s stock worth $711,000 after purchasing an additional 983 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its position in shares of Morgan Stanley by 5.9% during the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 18,018 shares of the financial services provider’s stock worth $945,000 after purchasing an additional 1,000 shares during the last quarter. K.J. Harrison & Partners Inc lifted its position in shares of Morgan Stanley by 18.2% during the 1st quarter. K.J. Harrison & Partners Inc now owns 6,500 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 1,000 shares during the last quarter. Finally, KCS Wealth Advisory lifted its position in shares of Morgan Stanley by 6.5% during the 1st quarter. KCS Wealth Advisory now owns 16,478 shares of the financial services provider’s stock worth $889,000 after purchasing an additional 1,010 shares during the last quarter. 85.26% of the stock is owned by institutional investors and hedge funds.

Shares of Morgan Stanley opened at $54.88 on Wednesday, according to Marketbeat. Morgan Stanley has a 1 year low of $41.07 and a 1 year high of $59.38. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.75. The company has a market capitalization of $95.45 billion, a PE ratio of 15.24, a P/E/G ratio of 0.90 and a beta of 1.55.

Morgan Stanley (NYSE:MS) last issued its earnings results on Wednesday, April 18th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.17. Morgan Stanley had a return on equity of 11.10% and a net margin of 15.09%. The business had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $10.37 billion. During the same period in the prior year, the firm posted $1.00 EPS. Morgan Stanley’s quarterly revenue was up 13.7% compared to the same quarter last year. equities research analysts expect that Morgan Stanley will post 4.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.82%. Morgan Stanley’s payout ratio is presently 27.78%.

Several equities analysts recently weighed in on the company. ValuEngine cut Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Tuesday, April 24th. Zacks Investment Research cut Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. JPMorgan Chase reissued a “buy” rating and set a $60.00 price objective on shares of Morgan Stanley in a research report on Thursday, March 15th. Barclays boosted their price objective on Morgan Stanley from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 19th. Finally, Credit Suisse Group upped their price target on Morgan Stanley from $61.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, April 19th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Morgan Stanley presently has an average rating of “Buy” and an average price target of $55.40.

About Morgan Stanley

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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