4,595 Shares in Morgan Stanley (MS) Acquired by Eads & Heald Investment Counsel

Eads & Heald Investment Counsel purchased a new position in Morgan Stanley (NYSE:MS) during the second quarter, Holdings Channel reports. The fund purchased 4,595 shares of the financial services provider’s stock, valued at approximately $205,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Regent Investment Management LLC boosted its position in Morgan Stanley by 185.6% in the first quarter. Regent Investment Management LLC now owns 59,270 shares of the financial services provider’s stock worth $2,539,000 after buying an additional 38,520 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Morgan Stanley during the first quarter worth $480,000. Cornerstone Financial Partners LLC boosted its position in Morgan Stanley by 23.7% in the first quarter. Cornerstone Financial Partners LLC now owns 75,695 shares of the financial services provider’s stock worth $3,237,000 after buying an additional 14,513 shares during the last quarter. Atria Investments LLC boosted its position in Morgan Stanley by 16.1% in the first quarter. Atria Investments LLC now owns 10,664 shares of the financial services provider’s stock worth $457,000 after buying an additional 1,476 shares during the last quarter. Finally, BKD Wealth Advisors LLC boosted its position in Morgan Stanley by 9.8% in the first quarter. BKD Wealth Advisors LLC now owns 10,394 shares of the financial services provider’s stock worth $445,000 after buying an additional 928 shares during the last quarter. 85.67% of the stock is owned by institutional investors.

Shares of Morgan Stanley (NYSE:MS) opened at 46.30 on Friday. Morgan Stanley has a 52-week low of $28.86 and a 52-week high of $48.90. The stock has a 50 day moving average price of $46.11 and a 200-day moving average price of $44.36. The stock has a market capitalization of $85.03 billion, a price-to-earnings ratio of 13.26 and a beta of 1.63.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.11. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%. The business had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $9.05 billion. During the same period last year, the company posted $0.75 EPS. The company’s revenue was up 6.7% on a year-over-year basis. On average, equities research analysts predict that Morgan Stanley will post $3.50 EPS for the current fiscal year.

Morgan Stanley declared that its Board of Directors has authorized a share buyback program on Wednesday, June 28th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 6.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.16%. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, July 27th. Morgan Stanley’s dividend payout ratio (DPR) is 28.65%.

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A number of equities analysts recently weighed in on the company. Wells Fargo & Company assumed coverage on Morgan Stanley in a report on Wednesday. They issued a “market perform” rating and a $48.00 price target for the company. BMO Capital Markets upped their price target on Morgan Stanley from $58.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, July 20th. Macquarie reaffirmed an “outperform” rating and issued a $52.00 price target (up previously from $51.00) on shares of Morgan Stanley in a report on Saturday, July 22nd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $49.00 price target (up previously from $47.00) on shares of Morgan Stanley in a report on Saturday, July 22nd. Finally, Zacks Investment Research raised Morgan Stanley from a “sell” rating to a “hold” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Morgan Stanley has a consensus rating of “Buy” and an average target price of $48.02.

In other news, CFO Jonathan Pruzan sold 25,767 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $46.68, for a total transaction of $1,202,803.56. Following the completion of the transaction, the chief financial officer now directly owns 196,708 shares of the company’s stock, valued at approximately $9,182,329.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman James P. Gorman sold 212,366 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $47.26, for a total transaction of $10,036,417.16. Following the transaction, the chairman now directly owns 1,602,609 shares of the company’s stock, valued at $75,739,301.34. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

About Morgan Stanley

Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.

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

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