Bornite Capital Management LP Purchases New Position in Morgan Stanley (NYSE:MS)

Bornite Capital Management LP bought a new position in shares of Morgan Stanley (NYSE:MS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 250,000 shares of the financial services provider’s stock, valued at approximately $23,540,000. Morgan Stanley makes up about 3.9% of Bornite Capital Management LP’s holdings, making the stock its 8th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of Morgan Stanley by 26.8% in the fourth quarter. Blue Trust Inc. now owns 7,129 shares of the financial services provider’s stock worth $665,000 after purchasing an additional 1,505 shares during the period. Global Retirement Partners LLC grew its position in Morgan Stanley by 25.9% in the fourth quarter. Global Retirement Partners LLC now owns 10,082 shares of the financial services provider’s stock worth $867,000 after acquiring an additional 2,075 shares in the last quarter. Precedent Wealth Partners LLC purchased a new position in Morgan Stanley in the fourth quarter worth $245,000. Patriot Financial Group Insurance Agency LLC grew its position in Morgan Stanley by 4.8% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 6,319 shares of the financial services provider’s stock worth $589,000 after acquiring an additional 290 shares in the last quarter. Finally, Quent Capital LLC grew its position in Morgan Stanley by 5.6% in the fourth quarter. Quent Capital LLC now owns 12,210 shares of the financial services provider’s stock worth $1,139,000 after acquiring an additional 643 shares in the last quarter. Institutional investors own 84.19% of the company’s stock.

Insider Activity

In other Morgan Stanley news, insider Mandell Crawley sold 6,954 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $99.61, for a total value of $692,687.94. Following the transaction, the insider now directly owns 46,274 shares of the company’s stock, valued at approximately $4,609,353.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Chairman James P. Gorman sold 200,000 shares of Morgan Stanley stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $105.06, for a total transaction of $21,012,000.00. Following the sale, the chairman now owns 150,000 shares in the company, valued at $15,759,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mandell Crawley sold 6,954 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $99.61, for a total transaction of $692,687.94. Following the sale, the insider now directly owns 46,274 shares of the company’s stock, valued at approximately $4,609,353.14. The disclosure for this sale can be found here. Insiders have sold 258,954 shares of company stock valued at $27,239,058 in the last ninety days. 0.24% of the stock is currently owned by company insiders.

Morgan Stanley Trading Down 1.6 %

Shares of MS traded down $1.71 during trading on Monday, reaching $102.48. 5,170,185 shares of the company traded hands, compared to its average volume of 7,641,724. The stock has a 50-day simple moving average of $99.62 and a 200-day simple moving average of $93.34. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.97. Morgan Stanley has a twelve month low of $69.42 and a twelve month high of $109.11. The stock has a market cap of $166.55 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.08 and a beta of 1.38.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.17. Morgan Stanley had a net margin of 10.17% and a return on equity of 11.90%. The company had revenue of $15.02 billion during the quarter, compared to the consensus estimate of $14.32 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. On average, analysts anticipate that Morgan Stanley will post 7 earnings per share for the current year.

Morgan Stanley Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be issued a $0.925 dividend. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.61%. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Wednesday, July 31st. Morgan Stanley’s payout ratio is presently 61.93%.

Analyst Ratings Changes

MS has been the subject of several analyst reports. JMP Securities restated a “market perform” rating on shares of Morgan Stanley in a research report on Thursday, July 18th. Jefferies Financial Group lifted their price target on shares of Morgan Stanley from $107.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Royal Bank of Canada boosted their target price on shares of Morgan Stanley from $91.00 to $108.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. Citigroup boosted their price objective on shares of Morgan Stanley from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Finally, Evercore ISI upped their price target on shares of Morgan Stanley from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Fourteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $101.18.

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.