Jupiter Wealth Management LLC increased its stake in Morgan Stanley (NYSE:MS - Free Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 makes up approximately 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 reporting period.
A number of other hedge funds have also made changes to their positions in MS. Lindbrook Capital LLC lifted its position in shares of Morgan Stanley by 1.2% in the 4th quarter. Lindbrook Capital LLC now owns 6,156 shares of the financial services provider's stock valued at $774,000 after acquiring an additional 73 shares in the last quarter. 1ST Source Bank boosted its position in shares of Morgan Stanley by 0.5% in the fourth quarter. 1ST Source Bank now owns 15,925 shares of the financial services provider's stock worth $2,002,000 after buying an additional 73 shares during the period. Moors & Cabot Inc. grew its holdings in shares of Morgan Stanley by 1.6% during the fourth quarter. Moors & Cabot Inc. now owns 4,727 shares of the financial services provider's stock valued at $594,000 after buying an additional 76 shares in the last quarter. DGS Capital Management LLC raised its position in Morgan Stanley by 1.8% during the fourth quarter. DGS Capital Management LLC now owns 4,408 shares of the financial services provider's stock valued at $554,000 after buying an additional 77 shares during the period. Finally, Quent Capital LLC lifted its stake in Morgan Stanley by 0.7% in the 4th quarter. Quent Capital LLC now owns 12,298 shares of the financial services provider's stock worth $1,546,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company's stock.
Morgan Stanley Stock Performance
Shares of NYSE MS traded up $0.37 during trading hours on Thursday, hitting $127.88. 1,910,722 shares of the stock were exchanged, compared to its average volume of 6,682,819. The company's 50 day moving average is $117.36 and its 200 day moving average is $125.48. Morgan Stanley has a one year low of $90.94 and a one year high of $142.03. The firm has a market capitalization of $205.16 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.18 and a beta of 1.30. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.80 and a quick ratio of 0.80.
Morgan Stanley (NYSE:MS - Get Free Report) last issued its earnings results on Friday, April 11th. The financial services provider reported $2.60 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.39. Morgan Stanley had a return on equity of 14.39% and a net margin of 12.48%. The business had revenue of $17.74 billion during the quarter, compared to analyst estimates of $16.81 billion. During the same period in the prior year, the company posted $2.02 earnings per share. Morgan Stanley's revenue was up 17.2% on a year-over-year basis. On average, research 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. Stockholders 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 dividend yield of 2.89%. Morgan Stanley's dividend payout ratio is presently 43.43%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on MS. Evercore ISI lowered their target price on Morgan Stanley from $150.00 to $138.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. JPMorgan Chase & Co. lowered 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 report on Monday, April 14th. Wells Fargo & Company cut their target price on shares of Morgan Stanley from $130.00 to $120.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Bank of America lowered their price target on shares of Morgan Stanley from $150.00 to $144.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Citigroup cut their price objective on Morgan Stanley from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Eleven analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $132.46.
Read Our Latest Analysis on MS
Insider Transactions at Morgan Stanley
In related news, Director Robert H. Herz sold 800 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $119.32, for a total transaction of $95,456.00. Following the transaction, the director now owns 96,760 shares in the company, valued at $11,545,403.20. This represents a 0.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew M. Saperstein sold 40,000 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $40,291,800. The trade was a 10.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,868 shares of company stock valued at $6,019,548. 0.19% of the stock is owned by insiders.
Morgan Stanley Company Profile
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Free Report)
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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