Texas Capital Bank Wealth Management Services Inc Grows Position in Morgan Stanley (NYSE:MS)

Texas Capital Bank Wealth Management Services Inc grew its stake in Morgan Stanley (NYSE:MS) by 4.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,842 shares of the financial services provider’s stock after acquiring an additional 3,829 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in Morgan Stanley were worth $8,051,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MS. Wellington Management Group LLP grew its stake in Morgan Stanley by 17.2% in the 4th quarter. Wellington Management Group LLP now owns 38,451,051 shares of the financial services provider’s stock worth $3,585,561,000 after acquiring an additional 5,631,435 shares during the period. Capital International Investors grew its position in shares of Morgan Stanley by 16.3% in the first quarter. Capital International Investors now owns 28,481,070 shares of the financial services provider’s stock valued at $2,681,778,000 after purchasing an additional 3,981,528 shares during the period. Fisher Asset Management LLC increased its stake in Morgan Stanley by 2.5% in the fourth quarter. Fisher Asset Management LLC now owns 20,228,334 shares of the financial services provider’s stock valued at $1,886,292,000 after purchasing an additional 495,055 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Morgan Stanley by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 12,875,677 shares of the financial services provider’s stock valued at $1,251,387,000 after purchasing an additional 303,654 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Morgan Stanley by 2.0% during the second quarter. Legal & General Group Plc now owns 10,597,493 shares of the financial services provider’s stock worth $1,029,970,000 after buying an additional 212,551 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Morgan Stanley Stock Down 0.5 %

Shares of NYSE:MS opened at $104.12 on Friday. The firm has a market cap of $169.21 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 1.05 and a beta of 1.37. The company has a fifty day simple moving average of $100.07 and a 200 day simple moving average of $97.17. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.96. Morgan Stanley has a 12-month low of $69.42 and a 12-month high of $109.11.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.17. Morgan Stanley had a return on equity of 11.85% and a net margin of 10.17%. The business had revenue of $15.02 billion during the quarter, compared to the consensus estimate of $14.32 billion. During the same period last year, the firm earned $1.24 earnings per share. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, equities research analysts anticipate that Morgan Stanley will post 7.03 EPS for the current fiscal year.

Morgan Stanley Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a dividend of $0.925 per share. The ex-dividend date was Wednesday, July 31st. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.85. This represents a $3.70 annualized dividend and a yield of 3.55%. Morgan Stanley’s dividend payout ratio (DPR) is 67.40%.

Wall Street Analyst Weigh In

Several research firms have commented on MS. Evercore ISI upped their price objective on shares of Morgan Stanley from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Barclays upped their price target on shares of Morgan Stanley from $116.00 to $121.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Citigroup increased their price target on shares of Morgan Stanley from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. UBS Group boosted their price objective on shares of Morgan Stanley from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Finally, BMO Capital Markets increased their target price on Morgan Stanley from $116.00 to $118.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Morgan Stanley has a consensus rating of “Hold” and a consensus target price of $101.73.

Insiders Place Their Bets

In related news, insider Daniel A. Simkowitz sold 40,000 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $106.54, for a total transaction of $4,261,600.00. Following the completion of the sale, the insider now owns 442,522 shares of the company’s stock, valued at approximately $47,146,293.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Daniel A. Simkowitz sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $106.54, for a total value of $4,261,600.00. Following the sale, the insider now owns 442,522 shares of the company’s stock, valued at approximately $47,146,293.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert H. Herz sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $106.62, for a total transaction of $106,620.00. Following the transaction, the director now directly owns 95,908 shares of the company’s stock, valued at approximately $10,225,710.96. The disclosure for this sale can be found here. Insiders sold a total of 252,000 shares of company stock valued at $26,546,370 over the last 90 days. 0.24% of the stock is owned by company insiders.

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.