Morgan Stanley (NYSE:MS) Stake Boosted by Teewinot Capital Advisers L.L.C.

Teewinot Capital Advisers L.L.C. grew its holdings in shares of Morgan Stanley (NYSE:MS) by 40.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 555,925 shares of the financial services provider’s stock after purchasing an additional 158,886 shares during the quarter. Morgan Stanley comprises approximately 5.3% of Teewinot Capital Advisers L.L.C.’s portfolio, making the stock its 8th biggest position. Teewinot Capital Advisers L.L.C.’s holdings in Morgan Stanley were worth $54,030,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Viewpoint Capital Management LLC increased its holdings in shares of Morgan Stanley by 0.9% in the second quarter. Viewpoint Capital Management LLC now owns 12,319 shares of the financial services provider’s stock valued at $1,197,000 after purchasing an additional 104 shares during the period. WR Wealth Planners LLC raised its position in Morgan Stanley by 24.4% during the 2nd quarter. WR Wealth Planners LLC now owns 541 shares of the financial services provider’s stock worth $53,000 after buying an additional 106 shares during the last quarter. Waldron Private Wealth LLC lifted its stake in Morgan Stanley by 1.4% during the 2nd quarter. Waldron Private Wealth LLC now owns 7,965 shares of the financial services provider’s stock valued at $774,000 after acquiring an additional 111 shares during the period. Checchi Capital Advisers LLC lifted its stake in Morgan Stanley by 0.7% during the 2nd quarter. Checchi Capital Advisers LLC now owns 15,410 shares of the financial services provider’s stock valued at $1,498,000 after acquiring an additional 113 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Morgan Stanley by 1.0% in the second quarter. EverSource Wealth Advisors LLC now owns 11,787 shares of the financial services provider’s stock worth $1,217,000 after acquiring an additional 115 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 $104.11 on Monday. The stock has a market cap of $169.20 billion, a PE ratio of 18.96, a P/E/G ratio of 1.05 and a beta of 1.37. 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. The company has a 50-day moving average of $100.11 and a 200 day moving average of $97.42.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.17. The business had revenue of $15.02 billion during the quarter, compared to analysts’ expectations of $14.32 billion. Morgan Stanley had a net margin of 10.17% and a return on equity of 11.85%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.24 EPS. As a group, sell-side analysts predict that Morgan Stanley will post 7.03 EPS for the current fiscal year.

Morgan Stanley Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were given a $0.925 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $3.70 dividend on an annualized basis and a yield of 3.55%. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.85. Morgan Stanley’s payout ratio is currently 67.40%.

Insider Activity

In related news, Director Robert H. Herz sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $106.62, for a total transaction of $106,620.00. Following the completion of the sale, the director now directly owns 95,908 shares of the company’s stock, valued at approximately $10,225,710.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Morgan Stanley news, Director Robert H. Herz sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was 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 in the company, valued at $10,225,710.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Raja Akram sold 7,500 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $106.37, for a total value of $797,775.00. Following the transaction, the chief financial officer now owns 87,119 shares of the company’s stock, valued at $9,266,848.03. The disclosure for this sale can be found here. Insiders have sold a total of 252,000 shares of company stock valued at $26,546,370 in the last quarter. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

MS has been the subject of a number of research reports. UBS Group boosted their target price on shares of Morgan Stanley from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. Barclays boosted their price objective on Morgan Stanley from $116.00 to $121.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Evercore ISI raised their target price on Morgan Stanley from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Royal Bank of Canada boosted their price target on Morgan Stanley from $91.00 to $108.00 and gave the company a “sector perform” rating in a report on Wednesday, July 17th. Finally, Citigroup raised their price objective 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. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $101.73.

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