Winthrop Advisory Group LLC acquired a new stake in shares of Morgan Stanley (NYSE:MS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,789 shares of the financial services provider's stock, valued at approximately $325,000.
Several other large investors also recently added to or reduced their stakes in MS. Lindbrook Capital LLC boosted its holdings 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 worth $774,000 after purchasing an additional 73 shares in the last quarter. 1ST Source Bank boosted its holdings in shares of Morgan Stanley by 0.5% in the 4th quarter. 1ST Source Bank now owns 15,925 shares of the financial services provider's stock worth $2,002,000 after purchasing an additional 73 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in shares of Morgan Stanley by 1.6% in the 4th quarter. Moors & Cabot Inc. now owns 4,727 shares of the financial services provider's stock worth $594,000 after purchasing an additional 76 shares in the last quarter. Omnia Family Wealth LLC boosted its holdings 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 acquiring an additional 77 shares during the period. Finally, Quent Capital LLC boosted its holdings in Morgan Stanley by 0.7% during the 4th quarter. Quent Capital LLC now owns 12,298 shares of the financial services provider's stock valued at $1,546,000 after acquiring an additional 80 shares during the period. Institutional investors own 84.19% of the company's stock.
Morgan Stanley Stock Up 0.2%
Shares of NYSE:MS traded up $0.30 during trading on Monday, hitting $128.33. The stock had a trading volume of 3,607,874 shares, compared to its average volume of 6,693,641. Morgan Stanley has a 12 month low of $90.94 and a 12 month high of $142.03. The company has a market capitalization of $205.88 billion, a PE ratio of 16.16, a PEG ratio of 1.18 and a beta of 1.30. The firm's fifty day moving average is $117.49 and its 200 day moving average is $125.31. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14.
Morgan Stanley (NYSE:MS - Get Free Report) last announced its earnings results on Friday, April 11th. The financial services provider reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.39. Morgan Stanley had a return on equity of 14.39% and a net margin of 12.48%. The firm had revenue of $17.74 billion during the quarter, compared to analyst estimates of $16.81 billion. During the same quarter in the prior year, the company earned $2.02 EPS. The business's revenue was up 17.2% compared to the same quarter last year. Analysts anticipate that Morgan Stanley will post 8.56 EPS for the current fiscal 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 given a $0.925 dividend. This represents a $3.70 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Wednesday, April 30th. Morgan Stanley's dividend payout ratio is currently 43.43%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Bank of America dropped their target price on Morgan Stanley from $150.00 to $144.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. JPMorgan Chase & Co. dropped their target price on Morgan Stanley from $125.00 to $122.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Wells Fargo & Company dropped their target price on Morgan Stanley from $130.00 to $120.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group dropped their target price on Morgan Stanley from $144.00 to $126.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Finally, Evercore ISI dropped their target price on Morgan Stanley from $150.00 to $138.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Eleven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $132.46.
Get Our Latest Stock Report on MS
Insider Transactions at Morgan Stanley
In related news, insider Andrew M. Saperstein sold 40,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $120.00, for a total value of $4,800,000.00. Following the sale, the insider now owns 335,765 shares in the company, valued at $40,291,800. This represents a 10.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Eric F. Grossman sold 10,068 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $111.65, for a total value of $1,124,092.20. Following the completion of the sale, the insider now owns 199,274 shares in the company, valued at $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 sold 50,868 shares of company stock valued at $6,019,548. Corporate insiders own 0.19% of the company's stock.
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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