Morgan Stanley $MS Shares Purchased by Lyell Wealth Management LP

Key Points

• Lyell Wealth Management LP increased its stake in Morgan Stanley by 4.7% in Q2, holding 108,280 shares worth approximately $15.25 million.
• Morgan Stanley's recent earnings report showed $2.80 EPS, beating estimates by $0.73, with revenue of $18.22 billion, up 18.5% year-over-year.
• The company announced a quarterly dividend of $1.00 per share, equating to an annualized yield of 2.5%.

Lyell Wealth Management LP raised its stake in shares of Morgan Stanley (NYSE:MS - Free Report) by 4.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 108,280 shares of the financial services provider's stock after buying an additional 4,909 shares during the quarter. Morgan Stanley comprises about 1.2% of Lyell Wealth Management LP's investment portfolio, making the stock its 27th biggest position. Lyell Wealth Management LP's holdings in Morgan Stanley were worth $15,252,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Financial Advisors LLC grew its holdings in Morgan Stanley by 4.2% during the 2nd quarter. Financial Advisors LLC now owns 5,706 shares of the financial services provider's stock valued at $804,000 after buying an additional 230 shares during the last quarter. Calamos Wealth Management LLC lifted its stake in shares of Morgan Stanley by 2.8% during the 2nd quarter. Calamos Wealth Management LLC now owns 77,891 shares of the financial services provider's stock worth $10,972,000 after purchasing an additional 2,120 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of Morgan Stanley by 13.1% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 8,624 shares of the financial services provider's stock worth $1,226,000 after purchasing an additional 1,002 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Morgan Stanley during the 2nd quarter worth $92,179,000. Finally, Quotient Wealth Partners LLC lifted its stake in shares of Morgan Stanley by 27.9% during the 2nd quarter. Quotient Wealth Partners LLC now owns 5,082 shares of the financial services provider's stock worth $716,000 after purchasing an additional 1,110 shares during the period. Institutional investors and hedge funds own 84.19% of the company's stock.

Analyst Ratings Changes

MS has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on Morgan Stanley from $165.00 to $177.00 and gave the stock an "equal weight" rating in a research note on Thursday. Weiss Ratings reissued a "buy (b-)" rating on shares of Morgan Stanley in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price target on Morgan Stanley from $176.00 to $184.00 and gave the stock an "outperform" rating in a research note on Thursday. Evercore ISI increased their price target on Morgan Stanley from $165.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Barclays increased their price target on Morgan Stanley from $156.00 to $183.00 and gave the stock an "overweight" rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $165.54.

Morgan Stanley Trading Down 0.8%

Shares of MS opened at $158.70 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 3.30. The firm has a market capitalization of $253.34 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 1.73 and a beta of 1.32. The stock's fifty day simple moving average is $153.29 and its 200 day simple moving average is $137.30. Morgan Stanley has a twelve month low of $94.33 and a twelve month high of $166.77.

Morgan Stanley (NYSE:MS - Get Free Report) last issued its earnings results on Wednesday, October 15th. The financial services provider reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.73. The business had revenue of $18.22 billion for the quarter, compared to analyst estimates of $16.42 billion. Morgan Stanley had a return on equity of 16.55% and a net margin of 13.85%.The business's quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the company posted $1.88 EPS. On average, equities research analysts forecast that Morgan Stanley will post 8.56 earnings per share for the current year.

Morgan Stanley announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 1st that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 8.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Morgan Stanley Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, October 31st. Morgan Stanley's dividend payout ratio is currently 41.03%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.