The Morgan Stanley (MS) is WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s 7th Largest Position

The Morgan Stanley (MS) is WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s 7th Largest Position

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Morgan Stanley by 2,798.9% in the first quarter. BlackRock Inc. now owns 101,168,197 shares of the financial services provider’s stock worth $4,334,046,000 after buying an additional 97,678,337 shares in the last quarter. Vanguard Group Inc. raised its stake in Morgan Stanley by 4.9% in the first quarter. Vanguard Group Inc. now owns 92,226,969 shares of the financial services provider’s stock worth $3,951,003,000 after buying an additional 4,331,723 shares in the last quarter. FMR LLC raised its stake in Morgan Stanley by 16.9% in the first quarter. FMR LLC now owns 46,221,986 shares of the financial services provider’s stock worth $1,980,150,000 after buying an additional 6,692,676 shares in the last quarter. Geode Capital Management LLC raised its stake in Morgan Stanley by 7.2% in the first quarter. Geode Capital Management LLC now owns 14,456,307 shares of the financial services provider’s stock worth $618,456,000 after buying an additional 970,041 shares in the last quarter. Finally, Janus Capital Management LLC raised its stake in Morgan Stanley by 32.2% in the first quarter. Janus Capital Management LLC now owns 12,159,681 shares of the financial services provider’s stock worth $520,921,000 after buying an additional 2,962,234 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST maintained its stake in Morgan Stanley (NYSE:MS) during the second quarter, Holdings Channel reports. The firm owned 8,450,000 shares of the financial services provider’s stock at the end of the second quarter. Morgan Stanley makes up approximately 6.4% of WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s holdings, making the stock its 7th largest position. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s holdings in Morgan Stanley were worth $376,532,000 at the end of the most recent quarter.

Morgan Stanley (NYSE:MS) traded down 0.2427% during mid-day trading on Wednesday, reaching $47.0954. 2,064,360 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $45.61 and a 200-day moving average price of $44.14. Morgan Stanley has a 1-year low of $27.95 and a 1-year high of $48.04. The stock has a market cap of $86.66 billion, a P/E ratio of 13.4867 and a beta of 1.63.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating 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 9.86%. The company had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.05 billion. During the same period last year, the company earned $0.75 earnings per share. The firm’s revenue was up 6.7% compared to the same quarter last year. Equities research analysts anticipate that Morgan Stanley will post $3.52 EPS for the current fiscal year.

Morgan Stanley declared that its board has authorized a stock repurchase plan on Wednesday, June 28th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 6.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be paid a $0.25 dividend. The ex-dividend date is Thursday, July 27th. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 2.12%. Morgan Stanley’s dividend payout ratio (DPR) is currently 28.65%.

MS has been the topic of a number of recent analyst reports. Instinet restated a “buy” rating and set a $50.00 price target (down previously from $51.00) on shares of Morgan Stanley in a report on Saturday, June 3rd. Zacks Investment Research lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. HSBC Holdings plc restated a “neutral” rating and set a $45.00 price target on shares of Morgan Stanley in a report on Tuesday, April 25th. Vetr lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating and set a $40.50 price target on the stock. in a report on Wednesday, April 19th. Finally, Buckingham Research restated a “buy” rating and set a $54.00 price target (up previously from $51.00) on shares of Morgan Stanley in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $47.61.

In related news, CFO Jonathan Pruzan sold 25,767 shares of the firm’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $46.68, for a total value 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 $9,182,329.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman James P. Gorman sold 212,365 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $42.93, for a total transaction of $9,116,829.45. Following the completion of the transaction, the chairman now directly owns 1,389,378 shares of the company’s stock, valued at $59,645,997.54. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

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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