Callan Family Office LLC Has $4.03 Million Holdings in Morgan Stanley $MS

Callan Family Office LLC boosted its stake in shares of Morgan Stanley (NYSE:MS - Free Report) by 123.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,599 shares of the financial services provider's stock after purchasing an additional 15,827 shares during the quarter. Callan Family Office LLC's holdings in Morgan Stanley were worth $4,028,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MS. Brighton Jones LLC raised its stake in Morgan Stanley by 10.2% during the 4th quarter. Brighton Jones LLC now owns 12,782 shares of the financial services provider's stock valued at $1,607,000 after purchasing an additional 1,185 shares during the last quarter. Pallas Capital Advisors LLC raised its stake in Morgan Stanley by 9.0% during the 1st quarter. Pallas Capital Advisors LLC now owns 3,297 shares of the financial services provider's stock valued at $385,000 after purchasing an additional 272 shares during the last quarter. GAMMA Investing LLC raised its stake in Morgan Stanley by 6.4% during the 1st quarter. GAMMA Investing LLC now owns 23,578 shares of the financial services provider's stock valued at $2,751,000 after purchasing an additional 1,426 shares during the last quarter. Simplicity Wealth LLC acquired a new position in shares of Morgan Stanley in the 1st quarter valued at $203,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Morgan Stanley by 3.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 59,299 shares of the financial services provider's stock valued at $6,918,000 after buying an additional 1,873 shares in the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MS. Wells Fargo & Company increased their price objective on shares of Morgan Stanley from $145.00 to $165.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 16th. Weiss Ratings restated a "buy (b-)" rating on shares of Morgan Stanley in a research note on Wednesday. The Goldman Sachs Group increased their price objective on shares of Morgan Stanley from $145.00 to $164.00 and gave the company a "neutral" rating in a research note on Friday, October 3rd. Royal Bank Of Canada increased their price objective on shares of Morgan Stanley from $145.00 to $171.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 1st. Finally, Keefe, Bruyette & Woods upgraded shares of Morgan Stanley from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $127.00 to $160.00 in a research note on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Morgan Stanley presently has an average rating of "Moderate Buy" and an average price target of $154.85.

Morgan Stanley Trading Down 2.7%

Shares of Morgan Stanley stock opened at $152.07 on Friday. The stock has a market capitalization of $242.76 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 1.82 and a beta of 1.32. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 3.30. The company has a 50-day simple moving average of $151.61 and a 200 day simple moving average of $135.58. Morgan Stanley has a 12-month low of $94.33 and a 12-month high of $163.98.

Morgan Stanley (NYSE:MS - Get Free Report) last announced its earnings results on Wednesday, July 16th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.15. The business had revenue of $16.79 billion during the quarter, compared to analysts' expectations of $16.15 billion. Morgan Stanley had a net margin of 13.06% and a return on equity of 15.20%. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the company posted $1.82 EPS. Research analysts expect that Morgan Stanley will post 8.56 earnings per share for the current fiscal year.

Morgan Stanley Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $4.00 dividend on an annualized basis and a yield of 2.6%. This is an increase from Morgan Stanley's previous quarterly dividend of $0.93. Morgan Stanley's payout ratio is currently 45.30%.

Morgan Stanley declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 1st that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 8.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

Insider Activity

In other Morgan Stanley news, insider Daniel A. Simkowitz sold 29,000 shares of the stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $141.13, for a total transaction of $4,092,770.00. Following the sale, the insider owned 399,105 shares of the company's stock, valued at $56,325,688.65. This represents a 6.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric F. Grossman sold 12,000 shares of the stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $141.12, for a total transaction of $1,693,440.00. Following the sale, the insider directly owned 186,420 shares in the company, valued at approximately $26,307,590.40. This represents a 6.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,149 shares of company stock worth $20,841,628. 0.19% of the stock is currently owned by 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.

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