Cyndeo Wealth Partners LLC Has $11.19 Million Stock Position in Morgan Stanley (NYSE:MS)

Cyndeo Wealth Partners LLC boosted its holdings in Morgan Stanley (NYSE:MS - Free Report) by 6.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,878 shares of the financial services provider's stock after buying an additional 5,712 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Morgan Stanley were worth $11,186,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MS. Lindbrook Capital LLC boosted its holdings in shares of Morgan Stanley by 1.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,156 shares of the financial services provider's stock worth $774,000 after buying an additional 73 shares in the last quarter. 1ST Source Bank lifted its holdings in shares of Morgan Stanley by 0.5% in the 4th quarter. 1ST Source Bank now owns 15,925 shares of the financial services provider's stock worth $2,002,000 after purchasing an additional 73 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Morgan Stanley by 1.6% in the 4th quarter. Moors & Cabot Inc. now owns 4,727 shares of the financial services provider's stock worth $594,000 after purchasing an additional 76 shares in the last quarter. Omnia Family Wealth LLC lifted its holdings in shares of Morgan Stanley by 2.5% in the 4th quarter. Omnia Family Wealth LLC now owns 3,140 shares of the financial services provider's stock worth $395,000 after purchasing an additional 77 shares in the last quarter. Finally, Continuum Advisory LLC lifted its holdings in shares of Morgan Stanley by 2.5% in the 4th quarter. Continuum Advisory LLC now owns 3,638 shares of the financial services provider's stock worth $457,000 after purchasing an additional 87 shares in the last quarter. 84.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MS shares. The Goldman Sachs Group increased their price target on Morgan Stanley from $121.00 to $136.00 and gave the company a "neutral" rating in a research report on Tuesday, June 10th. JMP Securities reissued a "market perform" rating on shares of Morgan Stanley in a research report on Monday, April 14th. Evercore ISI lowered their price target on Morgan Stanley from $150.00 to $138.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Erste Group Bank raised Morgan Stanley from a "hold" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Finally, JPMorgan Chase & Co. decreased their target price on Morgan Stanley from $125.00 to $122.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Eleven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $133.23.

Morgan Stanley Stock Down 1.9%

MS stock opened at $129.44 on Monday. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $207.67 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.18 and a beta of 1.29. Morgan Stanley has a fifty-two week low of $90.94 and a fifty-two week high of $142.03. The stock has a fifty day moving average of $121.25 and a 200-day moving average of $125.14.

Morgan Stanley (NYSE:MS - Get Free Report) last posted its quarterly earnings results on Friday, April 11th. The financial services provider reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.39. Morgan Stanley had a return on equity of 14.39% and a net margin of 12.48%. The company had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $16.81 billion. During the same quarter in the prior year, the company earned $2.02 EPS. The firm's quarterly revenue was up 17.2% compared to the same quarter last year. As a group, equities research analysts predict that Morgan Stanley will post 8.56 earnings per share for the current year.

Morgan Stanley Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a $0.925 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $3.70 annualized dividend and a yield of 2.86%. Morgan Stanley's dividend payout ratio is currently 43.43%.

Insiders Place Their Bets

In other news, insider Eric F. Grossman sold 10,068 shares of Morgan Stanley stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $111.65, for a total transaction of $1,124,092.20. Following the completion of the sale, the insider now owns 199,274 shares in the company, valued at approximately $22,248,942.10. This trade represents a 4.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert H. Herz sold 800 shares of Morgan Stanley stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $119.32, for a total value of $95,456.00. Following the sale, the director now owns 96,760 shares of the company's stock, valued at approximately $11,545,403.20. This trade represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,868 shares of company stock worth $6,019,548 in the last quarter. 0.19% of the stock is owned by company 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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