Kolinsky Wealth Management LLC Purchases New Stake in Morgan Stanley (NYSE:MS)

Kolinsky Wealth Management LLC bought a new stake in Morgan Stanley (NYSE:MS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,952 shares of the financial services provider's stock, valued at approximately $245,000.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Morgan Stanley during the fourth quarter valued at $1,910,200,000. Capital Research Global Investors lifted its holdings in shares of Morgan Stanley by 44.8% during the fourth quarter. Capital Research Global Investors now owns 21,794,873 shares of the financial services provider's stock valued at $2,740,051,000 after purchasing an additional 6,744,333 shares during the last quarter. FMR LLC boosted its holdings in shares of Morgan Stanley by 11.9% in the fourth quarter. FMR LLC now owns 25,561,560 shares of the financial services provider's stock worth $3,213,599,000 after buying an additional 2,725,335 shares during the period. Raymond James Financial Inc. purchased a new stake in Morgan Stanley in the 4th quarter worth about $324,118,000. Finally, Schroder Investment Management Group increased its stake in shares of Morgan Stanley by 50.8% in the fourth quarter. Schroder Investment Management Group now owns 7,282,156 shares of the financial services provider's stock worth $915,731,000 after acquiring an additional 2,453,470 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company's stock.

Insider Transactions at Morgan Stanley

In related news, insider Andrew M. Saperstein sold 40,000 shares of Morgan Stanley stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $120.00, for a total transaction of $4,800,000.00. Following the sale, the insider now directly owns 335,765 shares in the company, valued at approximately $40,291,800. This trade represents a 10.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eric F. Grossman sold 10,068 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were 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 directly 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 disclosure for this sale can be found here. Insiders have sold a total of 50,868 shares of company stock valued at $6,019,548 over the last three months. 0.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Citigroup lowered their target price on Morgan Stanley from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. The Goldman Sachs Group reduced their price objective on shares of Morgan Stanley from $144.00 to $126.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. JMP Securities restated a "market perform" rating on shares of Morgan Stanley in a report on Monday, April 14th. Bank of America dropped their target price 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, Evercore ISI decreased their price target on shares of Morgan Stanley from $150.00 to $138.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Morgan Stanley presently has an average rating of "Hold" and a consensus target price of $132.46.

Morgan Stanley Stock Performance

Morgan Stanley stock opened at $129.06 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.14. The stock has a 50 day moving average of $116.40 and a 200-day moving average of $125.40. 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 $207.05 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30.

Morgan Stanley (NYSE:MS - Get Free Report) last posted its quarterly earnings results on Friday, April 11th. The financial services provider reported $2.60 EPS for the quarter, beating the consensus estimate of $2.21 by $0.39. Morgan Stanley had a net margin of 12.48% and a return on equity of 14.39%. The business had revenue of $17.74 billion for the quarter, compared to analysts' expectations of $16.81 billion. During the same period in the previous year, the company posted $2.02 EPS. Morgan Stanley's revenue was up 17.2% on a year-over-year basis. On average, analysts expect 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. Investors of record on Wednesday, April 30th were issued a $0.925 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $3.70 dividend on an annualized basis and a yield of 2.87%. Morgan Stanley's dividend payout ratio is presently 43.43%.

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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