Jupiter Wealth Management LLC Has $6.06 Million Stake in Morgan Stanley (NYSE:MS)

Jupiter Wealth Management LLC increased its holdings in shares of Morgan Stanley (NYSE:MS - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,226 shares of the financial services provider's stock after acquiring an additional 2,298 shares during the period. Morgan Stanley comprises about 3.0% of Jupiter Wealth Management LLC's investment portfolio, making the stock its 9th biggest position. Jupiter Wealth Management LLC's holdings in Morgan Stanley were worth $6,063,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MS. Minot DeBlois Advisors LLC acquired a new position in Morgan Stanley in the fourth quarter worth about $25,000. IAG Wealth Partners LLC acquired a new position in Morgan Stanley in the fourth quarter worth about $28,000. Curio Wealth LLC acquired a new position in Morgan Stanley in the fourth quarter worth about $31,000. Ancora Advisors LLC raised its position in Morgan Stanley by 104.7% in the fourth quarter. Ancora Advisors LLC now owns 264 shares of the financial services provider's stock worth $33,000 after purchasing an additional 135 shares in the last quarter. Finally, Crowley Wealth Management Inc. bought a new stake in Morgan Stanley during the fourth quarter worth about $34,000. Institutional investors own 84.19% of the company's stock.

Insiders Place Their Bets

In other Morgan Stanley news, Director Robert H. Herz sold 800 shares of Morgan Stanley stock in a transaction on 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 directly owns 96,760 shares in the company, valued at approximately $11,545,403.20. The trade was a 0.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew M. Saperstein sold 40,000 shares of Morgan Stanley stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $120.00, for a total transaction of $4,800,000.00. Following the completion of the sale, the insider now owns 335,765 shares in the company, valued at $40,291,800. The trade was a 10.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,868 shares of company stock worth $6,019,548. Company insiders own 0.19% of the company's stock.

Analyst Ratings Changes

MS has been the topic of several research analyst reports. Wells Fargo & Company decreased their price objective on shares of Morgan Stanley from $130.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Citigroup decreased their price objective on shares of Morgan Stanley from $135.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Erste Group Bank raised shares of Morgan Stanley from a "hold" rating to a "strong-buy" rating in a research note on Saturday. Evercore ISI decreased their price objective on shares of Morgan Stanley from $150.00 to $138.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Morgan Stanley from $125.00 to $122.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Eleven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Morgan Stanley presently has a consensus rating of "Hold" and a consensus price target of $132.46.

Morgan Stanley Trading Down 1.3%

MS stock traded down $1.64 during midday trading on Wednesday, reaching $127.57. The company's stock had a trading volume of 4,047,500 shares, compared to its average volume of 6,697,049. Morgan Stanley has a 52 week low of $90.94 and a 52 week high of $142.03. The stock has a market cap of $204.66 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14. The business's 50-day simple moving average is $117.21 and its 200-day simple moving average is $125.46.

Morgan Stanley (NYSE:MS - Get Free Report) last posted its 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. The company had revenue of $17.74 billion for the quarter, compared to analyst estimates of $16.81 billion. Morgan Stanley had a net margin of 12.48% and a return on equity of 14.39%. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period last year, the business posted $2.02 earnings per share. As a group, sell-side analysts expect that Morgan Stanley will post 8.56 EPS for the current year.

Morgan Stanley Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a $0.925 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $3.70 annualized dividend and a yield of 2.90%. Morgan Stanley's dividend payout ratio (DPR) is presently 43.43%.

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.