Koshinski Asset Management Inc. lessened its position in Morgan Stanley (NYSE:MS - Free Report) by 11.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,392 shares of the financial services provider's stock after selling 2,189 shares during the period. Koshinski Asset Management Inc.'s holdings in Morgan Stanley were worth $2,029,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of MS. Lindbrook Capital LLC increased 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 purchasing an additional 73 shares during the period. 1ST Source Bank grew its position in Morgan Stanley by 0.5% in the 4th quarter. 1ST Source Bank now owns 15,925 shares of the financial services provider's stock valued at $2,002,000 after buying an additional 73 shares in the last quarter. Moors & Cabot Inc. grew its position in Morgan Stanley by 1.6% in the 4th 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. Omnia Family Wealth LLC increased its stake in Morgan Stanley by 2.5% during the 4th quarter. Omnia Family Wealth LLC now owns 3,140 shares of the financial services provider's stock valued at $395,000 after buying an additional 77 shares during the period. Finally, Continuum Advisory LLC raised its position in shares of Morgan Stanley by 2.5% during the 4th quarter. Continuum Advisory LLC now owns 3,638 shares of the financial services provider's stock worth $457,000 after buying an additional 87 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company's stock.
Insider Buying and Selling at Morgan Stanley
In related news, Director Robert H. Herz sold 800 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $119.32, for a total transaction of $95,456.00. Following the completion of the sale, the director directly owned 96,760 shares in the company, valued at approximately $11,545,403.20. This trade represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric F. Grossman sold 10,068 shares of Morgan Stanley stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $111.65, for a total value of $1,124,092.20. Following the sale, the insider directly owned 199,274 shares of the company's stock, valued at approximately $22,248,942.10. The trade was a 4.81% 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 worth $6,019,548. 0.19% of the stock is currently owned by company insiders.
Morgan Stanley Trading Up 0.1%
Shares of NYSE:MS traded up $0.17 during midday trading on Tuesday, reaching $141.03. The company had a trading volume of 6,165,876 shares, compared to its average volume of 6,680,626. The company has a fifty day simple moving average of $127.20 and a two-hundred day simple moving average of $125.60. The firm has a market cap of $226.26 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 1.29 and a beta of 1.29. Morgan Stanley has a 1-year low of $90.94 and a 1-year high of $142.54. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.78 and a current ratio of 0.78.
Morgan Stanley (NYSE:MS - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $2.60 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.39. The firm 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%. The company's revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the business posted $2.02 EPS. Research analysts predict that Morgan Stanley will post 8.56 earnings per share for the current 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 given a dividend of $0.925 per share. This represents a $3.70 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Wednesday, April 30th. Morgan Stanley's payout ratio is presently 43.43%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on MS shares. The Goldman Sachs Group increased their price objective on shares of Morgan Stanley from $121.00 to $136.00 and gave the company a "neutral" rating in a report on Tuesday, June 10th. Bank of America cut their target price on Morgan Stanley from $150.00 to $144.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Erste Group Bank upgraded Morgan Stanley from a "hold" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Citigroup restated a "neutral" rating and issued a $130.00 price objective (up previously from $125.00) on shares of Morgan Stanley in a report on Wednesday, June 18th. Finally, Evercore ISI decreased their target price on Morgan Stanley from $150.00 to $138.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Eleven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Morgan Stanley has a consensus rating of "Hold" and an average price target of $133.62.
Check Out Our Latest Research Report on MS
About Morgan Stanley
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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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