K.J. Harrison & Partners Inc Has $4.54 Million Holdings in Morgan Stanley (NYSE:MS)

K.J. Harrison & Partners Inc increased its position in shares of Morgan Stanley (NYSE:MS - Free Report) by 39.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,900 shares of the financial services provider's stock after acquiring an additional 11,000 shares during the quarter. Morgan Stanley accounts for about 0.9% of K.J. Harrison & Partners Inc's holdings, making the stock its 29th largest position. K.J. Harrison & Partners Inc's holdings in Morgan Stanley were worth $4,538,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Lindbrook Capital LLC raised its holdings in shares of Morgan Stanley by 1.2% during the fourth 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 during the period. 1ST Source Bank raised its holdings in shares of Morgan Stanley by 0.5% during the fourth quarter. 1ST Source Bank now owns 15,925 shares of the financial services provider's stock valued at $2,002,000 after acquiring an additional 73 shares during the period. Moors & Cabot Inc. raised 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 acquiring an additional 76 shares during the period. Omnia Family Wealth LLC raised its holdings in shares of Morgan Stanley by 2.5% during the fourth quarter. Omnia Family Wealth LLC now owns 3,140 shares of the financial services provider's stock valued at $395,000 after acquiring an additional 77 shares during the period. Finally, Continuum Advisory LLC raised its holdings in shares of Morgan Stanley by 2.5% during the fourth quarter. Continuum Advisory LLC now owns 3,638 shares of the financial services provider's stock valued at $457,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 84.19% of the company's stock.

Wall Street Analyst Weigh In

MS has been the topic of a number of recent analyst reports. Erste Group Bank upgraded shares of Morgan Stanley from a "hold" rating to a "strong-buy" rating in a report on Saturday, May 24th. The Goldman Sachs Group lifted their target price on shares of Morgan Stanley from $121.00 to $136.00 and gave the company a "neutral" rating in a research note on Tuesday, June 10th. Evercore ISI lowered their price target on shares of Morgan Stanley from $150.00 to $138.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. 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 restated a "neutral" rating and set a $130.00 price target (up from $125.00) on shares of Morgan Stanley in a report on Wednesday, June 18th. 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. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $133.62.

Morgan Stanley Stock Up 0.6%

MS stock opened at $140.64 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 3.11. Morgan Stanley has a 1 year low of $90.94 and a 1 year high of $142.03. The company has a fifty day simple moving average of $126.50 and a 200 day simple moving average of $125.52. The firm has a market cap of $225.63 billion, a PE ratio of 16.51, a PEG ratio of 1.29 and a beta of 1.29.

Morgan Stanley (NYSE:MS - Get Free Report) last released its quarterly earnings data on Friday, April 11th. The financial services provider reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.39. The business had revenue of $17.74 billion during the quarter, compared to analyst estimates of $16.81 billion. Morgan Stanley had a net margin of 12.98% and a return on equity of 14.98%. Morgan Stanley's quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.02 EPS. Sell-side analysts anticipate that Morgan Stanley will post 8.56 EPS for the current fiscal year.

Morgan Stanley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.925 per share. This represents a $3.70 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Wednesday, April 30th. Morgan Stanley's dividend payout ratio is currently 43.43%.

Insider Activity

In other news, insider Andrew M. Saperstein sold 40,000 shares of the company'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 transaction, the insider now owns 335,765 shares of the company's stock, valued at approximately $40,291,800. This represents a 10.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 directly owns 96,760 shares of the company's stock, valued at $11,545,403.20. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,868 shares of company stock valued at $6,019,548. Insiders own 0.19% of the company's stock.

Morgan Stanley 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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