Focused Wealth Management Inc acquired a new position in shares of Morgan Stanley (NYSE:MS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,500 shares of the financial services provider’s stock, valued at approximately $236,000.
Several other large investors also recently modified their holdings of the company. Signaturefd LLC grew its stake in shares of Morgan Stanley by 28.8% during the 4th quarter. Signaturefd LLC now owns 7,583 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 1,695 shares during the period. Granite Investment Advisors LLC acquired a new position in shares of Morgan Stanley during the 4th quarter worth $211,000. Koch Industries Inc. acquired a new position in shares of Morgan Stanley during the 4th quarter worth $582,000. Kings Point Capital Management grew its stake in shares of Morgan Stanley by 264.7% during the 4th quarter. Kings Point Capital Management now owns 26,858 shares of the financial services provider’s stock worth $1,409,000 after purchasing an additional 19,494 shares during the period. Finally, Truewealth LLC acquired a new position in shares of Morgan Stanley during the 4th quarter worth $243,000. Institutional investors and hedge funds own 86.07% of the company’s stock.
In related news, insider Daniel A. Simkowitz sold 87,050 shares of Morgan Stanley stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $53.55, for a total value of $4,661,527.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman James P. Gorman sold 100,000 shares of Morgan Stanley stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $55.34, for a total value of $5,534,000.00. The disclosure for this sale can be found here. Insiders have sold 239,254 shares of company stock worth $13,085,019 over the last three months. Corporate insiders own 0.24% of the company’s stock.
Several equities research analysts recently commented on MS shares. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Monday, December 11th. JPMorgan Chase & Co. restated a “buy” rating on shares of Morgan Stanley in a report on Monday, November 20th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $63.00 target price on shares of Morgan Stanley in a report on Friday, December 22nd. Vining Sparks restated a “buy” rating and issued a $60.00 target price on shares of Morgan Stanley in a report on Monday, January 8th. Finally, Credit Suisse Group upgraded shares of Morgan Stanley to a “buy” rating and set a $58.00 price objective on the stock in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Morgan Stanley currently has a consensus rating of “Buy” and a consensus target price of $54.07.
Shares of Morgan Stanley (MS) traded down $1.04 on Wednesday, reaching $56.99. The company had a trading volume of 8,265,756 shares, compared to its average volume of 9,624,992. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $102,120.00, a PE ratio of 15.79, a PEG ratio of 1.02 and a beta of 1.49. Morgan Stanley has a 52-week low of $40.06 and a 52-week high of $59.38.
Morgan Stanley (NYSE:MS) last posted its earnings results on Thursday, January 18th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. The company had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $9.25 billion. Morgan Stanley had a return on equity of 10.07% and a net margin of 14.10%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business posted $0.81 earnings per share. sell-side analysts predict that Morgan Stanley will post 4.51 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Tuesday, January 30th. Morgan Stanley’s dividend payout ratio (DPR) is 27.70%.
Morgan Stanley Company Profile
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.