Published: Tue, August 22, 2017
Business | By Max Garcia

Morgan Stanley (MS) Shares Bought by Sumitomo Mitsui Trust Holdings Inc


As of the end of the quarter City Of London Investment Management Co Ltd had acquired 356,501 shares growing its holdings by 15.1%. FTB Advisors Inc. now owns 2,605 shares of the financial services provider's stock valued at $112,000 after buying an additional 196 shares in the last quarter.

Jump Trading Llc decreased Spdr Gold Shares (Call) (GLD) stake by 90,900 shares to 5,800 valued at $636,000 in 2016Q4. Finally, State of Alaska Department of Revenue purchased a new stake in Morgan Stanley during the first quarter worth approximately $120,000. The stock of Morgan Stanley (NYSE:MS) has "Buy" rating given on Tuesday, October 20 by S&P Research. Compton Ri holds 1.12% or 50,770 shares in its portfolio.

Morgan Stanley (NYSE:MS) has been trading in a bullish manner, based on the relative positions of the stock's 20 and 200 day moving averages. The company's market cap is $82.81 Billion, and the average volume is 8.93 Million. Overall, for the 38 companies, favourable reserve development amounted to $1.2 billion in the second-quarter of 2017, compared with $1.7 billion a year earlier.

Jump Trading Llc increased Morgan Stanley (Put) (MS) stake by 175.7% reported in 2016Q4 SEC filing.

Investors sentiment increased to 1.15 in Q4 2016.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Wednesday, July 19th. During last 3 month period, 199.33% of total institutional ownership has changed in the company shares. The Return on Equity (ROE) and Return on Investment (ROI) values are 9.3 percent and 1.3 percent respectively. The financial services provider reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.11. During the same period in the prior year, the business earned $0.75 EPS. The company's quarterly revenue was up 6.7% compared to the same quarter previous year. Also, the number of active investment managers holding Morgan Stanley China A Share Fund Inc in their top 10 holdings was flat from 2 to 2 for the same number.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Parkwood Limited Liability Company holds 0.09% of its portfolio in President Energy PLC (LON:PPC) for 31,810 shares. The stock's Dividend Yield stands at 2.24%. Daiwa Grp Incorporated has invested 0.02% of its portfolio in Morgan Stanley (NYSE:MS). The ex-dividend date of this dividend was Thursday, July 27th. Morgan Stanley's dividend payout ratio is 28.65%.

Morgan Stanley announced that its Board of Directors has authorized a share repurchase program on Wednesday, June 28th that authorizes the company to buyback $5.00 billion in shares. On Tuesday, June 6 the stock rating was maintained by RBC Capital Markets with "Buy". Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

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A number of analysts have recently commented on MS shares. Finally, Deutsche Bank AG reissued a "buy" rating on shares of Morgan Stanley in a research note on Monday, July 3rd. Its share price has risen 2.54% in three months and is up 4.13% for the last five trades. Vetr raised shares of Morgan Stanley from a "sell" rating to a "hold" rating and set a $40.50 price objective on the stock in a report on Tuesday, May 23rd. The company presently has an average rating of "Buy" and a consensus target price of $48.57. The stock declined 0.86% or $0.39 reaching $45 on the news.

The SMA20 for the stock is at -4.67 percent, SMA50 stands at -2.61 percent, while SMA200 is 2.61 Percent, according to Finviz reported data. Hexavest Inc holds 896,987 shares. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

In other news, CFO Jonathan Pruzan sold 25,767 shares of Morgan Stanley stock in a transaction dated Thursday, July 20th.

MS is now undervalued by -10.43% relative to the average 1-year price target of $49.88 taken from a group of Wall Street Analysts. It also reduced Ishares Russell 2000 Etf (IWM) stake by 90,644 shares and now owns 78,956 shares. The disclosure for this sale can be found here. The Company's segment includes the exploration and production of hydrocarbons.

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