Regent Investment Management LLC Lowers Stake in Morgan Stanley (NYSE:MS)

Regent Investment Management LLC reduced its stake in shares of Morgan Stanley (NYSE:MSGet Rating) by 1.2% in the second quarter, Holdings Channel reports. The firm owned 42,370 shares of the financial services provider’s stock after selling 500 shares during the period. Morgan Stanley accounts for approximately 0.9% of Regent Investment Management LLC’s holdings, making the stock its 27th largest position. Regent Investment Management LLC’s holdings in Morgan Stanley were worth $3,223,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Washburn Capital Management Inc. lifted its stake in Morgan Stanley by 8.7% in the second quarter. Washburn Capital Management Inc. now owns 13,925 shares of the financial services provider’s stock worth $1,059,000 after acquiring an additional 1,110 shares during the period. Matrix Asset Advisors Inc. NY lifted its stake in Morgan Stanley by 20.7% in the second quarter. Matrix Asset Advisors Inc. NY now owns 188,398 shares of the financial services provider’s stock worth $14,330,000 after acquiring an additional 32,335 shares during the period. Ritholtz Wealth Management lifted its stake in Morgan Stanley by 3.7% in the second quarter. Ritholtz Wealth Management now owns 26,859 shares of the financial services provider’s stock worth $2,043,000 after acquiring an additional 955 shares during the period. Miracle Mile Advisors LLC lifted its stake in Morgan Stanley by 7.5% in the second quarter. Miracle Mile Advisors LLC now owns 6,160 shares of the financial services provider’s stock worth $469,000 after acquiring an additional 428 shares during the period. Finally, Marino Stram & Associates LLC lifted its stake in Morgan Stanley by 3.5% in the second quarter. Marino Stram & Associates LLC now owns 7,670 shares of the financial services provider’s stock worth $583,000 after acquiring an additional 262 shares during the period. 83.36% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Stanley Morgan acquired 8,598 shares of the stock in a transaction on Thursday, July 28th. The shares were acquired at an average price of $8.41 per share, for a total transaction of $72,309.18. Following the transaction, the insider now owns 8,598 shares in the company, valued at approximately $72,309.18. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MS. Piper Sandler lowered their price objective on shares of Morgan Stanley from $100.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, July 1st. Oppenheimer reduced their target price on shares of Morgan Stanley from $97.00 to $93.00 and set an “outperform” rating for the company in a report on Friday, July 15th. Royal Bank of Canada reduced their target price on shares of Morgan Stanley from $97.00 to $80.00 and set a “sector perform” rating for the company in a report on Tuesday, June 28th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Morgan Stanley from $105.00 to $92.00 and set a “hold” rating for the company in a report on Monday, September 12th. Finally, BMO Capital Markets reduced their target price on shares of Morgan Stanley from $105.00 to $99.00 in a report on Friday, July 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $99.38.

Morgan Stanley Stock Performance

NYSE:MS traded down $3.80 during midday trading on Friday, hitting $80.97. The company’s stock had a trading volume of 333,578 shares, compared to its average volume of 8,344,522. Morgan Stanley has a fifty-two week low of $72.05 and a fifty-two week high of $109.73. The firm’s 50 day moving average is $86.32 and its 200-day moving average is $84.11. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $139.01 billion, a P/E ratio of 11.46, a P/E/G ratio of 1.61 and a beta of 1.38.

Morgan Stanley (NYSE:MSGet Rating) last issued its quarterly earnings results on Thursday, July 14th. The financial services provider reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.11). Morgan Stanley had a return on equity of 14.33% and a net margin of 22.76%. The business had revenue of $13.13 billion during the quarter, compared to analyst estimates of $13.50 billion. During the same quarter last year, the company posted $1.89 EPS. Morgan Stanley’s quarterly revenue was down 11.0% compared to the same quarter last year. Equities analysts anticipate that Morgan Stanley will post 6.69 earnings per share for the current fiscal year.

Morgan Stanley declared that its Board of Directors has initiated a share repurchase plan on Monday, June 27th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the financial services provider to buy up to 14.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Morgan Stanley Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 29th were given a $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 3.83%. The ex-dividend date was Thursday, July 28th. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.70. Morgan Stanley’s dividend payout ratio is currently 41.89%.

About Morgan Stanley

(Get Rating)

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. It 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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