Morgan Stanley $MS Shares Bought by Bollard Group LLC

Key Points

• Bollard Group LLC increased its stake in Morgan Stanley by 14.0% in the first quarter, buying 30,360 additional shares and bringing its total holdings to 247,477 shares worth about $40.7 million.
• Morgan Stanley reported strong quarterly results, with EPS of $3.46 beating estimates and revenue of $21.35 billion topping expectations; revenue also rose 27.1% from a year earlier.
• The company boosted its quarterly dividend to $1.15 per share and authorized a $20 billion share buyback, while analysts currently rate the stock a “Moderate Buy” with a consensus price target of $224.50.

Bollard Group LLC boosted its stake in shares of Morgan Stanley (NYSE:MS - Free Report) by 14.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,477 shares of the financial services provider's stock after buying an additional 30,360 shares during the quarter. Morgan Stanley accounts for about 1.2% of Bollard Group LLC's holdings, making the stock its 14th biggest holding. Bollard Group LLC's holdings in Morgan Stanley were worth $40,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in MS. Vanguard Group Inc. raised its holdings in shares of Morgan Stanley by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 119,718,100 shares of the financial services provider's stock valued at $21,253,554,000 after buying an additional 1,361,940 shares during the period. State Street Corp boosted its holdings in Morgan Stanley by 0.5% during the 4th quarter. State Street Corp now owns 103,854,751 shares of the financial services provider's stock valued at $18,437,334,000 after acquiring an additional 539,544 shares during the period. Geode Capital Management LLC grew its position in Morgan Stanley by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 27,070,557 shares of the financial services provider's stock valued at $4,786,350,000 after acquiring an additional 534,708 shares in the last quarter. Fisher Asset Management LLC grew its position in Morgan Stanley by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 25,018,335 shares of the financial services provider's stock valued at $4,441,505,000 after acquiring an additional 524,189 shares in the last quarter. Finally, Norges Bank purchased a new stake in Morgan Stanley during the fourth quarter worth about $2,736,648,000. 84.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on MS. Bank of America raised their price objective on shares of Morgan Stanley from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. HSBC increased their target price on shares of Morgan Stanley from $190.00 to $215.00 and gave the stock a "hold" rating in a report on Tuesday. Daiwa Securities Group boosted their price target on shares of Morgan Stanley from $175.00 to $198.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 5th. BNP Paribas Exane upped their price objective on Morgan Stanley from $195.00 to $205.00 and gave the stock a "neutral" rating in a research report on Friday, April 24th. Finally, Keefe, Bruyette & Woods increased their price objective on Morgan Stanley from $225.00 to $250.00 and gave the company an "outperform" rating in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Morgan Stanley has an average rating of "Moderate Buy" and a consensus target price of $224.50.

Key Headlines Impacting Morgan Stanley

Here are the key news stories impacting Morgan Stanley this week:

• Positive Sentiment: Morgan Stanley’s recent earnings results were strong, with the firm beating estimates on both EPS and revenue and posting robust year-over-year growth, which supports the stock’s longer-term fundamental case.
• Positive Sentiment: The company continues to receive constructive Wall Street commentary, including a “Moderate Buy” consensus and recent bullish analyst coverage tied to its earnings power and capital markets franchise.
• Positive Sentiment: Recent headlines also pointed to Morgan Stanley’s wealth management unit attracting new assets tied to SpaceX IPO interest, which reinforces the strength of its wealth and investment management businesses.
• Neutral Sentiment: Several unrelated market stories involving Morgan Stanley analyst calls on other stocks, plus broader AI/capex and earnings-driven volatility across large-cap tech and financials, may be influencing sentiment around MS indirectly.

Morgan Stanley Stock Down 0.5%

Shares of Morgan Stanley stock opened at $214.11 on Friday. The company has a market cap of $337.71 billion, a P/E ratio of 17.31, a PEG ratio of 1.54 and a beta of 1.23. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.77 and a current ratio of 0.77. Morgan Stanley has a one year low of $136.17 and a one year high of $232.25. The firm has a fifty day moving average of $213.93 and a two-hundred day moving average of $189.97.

Morgan Stanley (NYSE:MS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $3.46 EPS for the quarter, beating analysts' consensus estimates of $2.89 by $0.57. Morgan Stanley had a net margin of 15.65% and a return on equity of 19.51%. The firm had revenue of $21.35 billion during the quarter, compared to the consensus estimate of $19.67 billion. During the same quarter last year, the firm earned $2.13 earnings per share. The firm's revenue was up 27.1% compared to the same quarter last year. On average, analysts forecast that Morgan Stanley will post 12.68 earnings per share for the current year.

Morgan Stanley Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, July 31st. This is an increase from Morgan Stanley's previous quarterly dividend of $1.00. Morgan Stanley's payout ratio is presently 32.34%.

Morgan Stanley announced that its Board of Directors has approved a stock buyback plan on Wednesday, June 24th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 5.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Morgan Stanley Company Profile

Morgan Stanley NYSE: MS is a global financial services firm headquartered in New York City. Founded in 1935 by Henry S. Morgan and Harold Stanley, the company provides a broad range of investment banking, securities, wealth management and investment management services to corporations, governments, institutions and individual investors. Leadership has been guided by a senior executive team and board of directors; James P. Gorman has served as the company's chief executive and chairman in recent years.

The firm's primary business activities are organized around three principal businesses: Institutional Securities, Wealth Management and Investment Management.

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