Morningstar Investment Services LLC Buys Shares of 3,161 Morgan Stanley (NYSE:MS)

Morningstar Investment Services LLC bought a new stake in shares of Morgan Stanley (NYSE:MSFree Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,161 shares of the financial services provider’s stock, valued at approximately $296,000.

A number of other hedge funds have also made changes to their positions in the stock. Institute for Wealth Management LLC. increased its stake in Morgan Stanley by 3.6% during the fourth quarter. Institute for Wealth Management LLC. now owns 17,578 shares of the financial services provider’s stock valued at $1,639,000 after purchasing an additional 618 shares during the last quarter. Atalanta Sosnoff Capital LLC boosted its holdings in shares of Morgan Stanley by 8.1% in the 4th quarter. Atalanta Sosnoff Capital LLC now owns 373,686 shares of the financial services provider’s stock valued at $34,846,000 after buying an additional 27,845 shares during the period. Hartford Financial Management Inc. grew its position in shares of Morgan Stanley by 17.9% during the 4th quarter. Hartford Financial Management Inc. now owns 917 shares of the financial services provider’s stock valued at $86,000 after buying an additional 139 shares during the last quarter. Avior Wealth Management LLC raised its stake in Morgan Stanley by 2.5% during the fourth quarter. Avior Wealth Management LLC now owns 6,600 shares of the financial services provider’s stock worth $615,000 after acquiring an additional 163 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in Morgan Stanley by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 1,987,524 shares of the financial services provider’s stock worth $185,337,000 after acquiring an additional 9,260 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JMP Securities restated a “market perform” rating on shares of Morgan Stanley in a research report on Thursday, April 18th. Royal Bank of Canada reiterated a “sector perform” rating and set a $91.00 price target on shares of Morgan Stanley in a research report on Wednesday, March 27th. Cfra increased their price objective on shares of Morgan Stanley from $97.00 to $108.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. HSBC upped their price objective on Morgan Stanley from $100.00 to $102.00 and gave the company a “hold” rating in a report on Friday, April 19th. Finally, Evercore ISI lifted their target price on Morgan Stanley from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $98.30.

View Our Latest Analysis on MS

Morgan Stanley Stock Up 0.3 %

MS stock opened at $97.14 on Friday. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $157.87 billion, a P/E ratio of 17.69, a P/E/G ratio of 1.19 and a beta of 1.38. Morgan Stanley has a 52-week low of $69.42 and a 52-week high of $103.25. The company’s 50 day simple moving average is $94.90 and its 200-day simple moving average is $90.02.

Morgan Stanley (NYSE:MSGet Free Report) last announced its earnings results on Tuesday, April 16th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.33. The company had revenue of $15.14 billion for the quarter, compared to the consensus estimate of $14.42 billion. Morgan Stanley had a net margin of 9.57% and a return on equity of 10.88%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.70 EPS. As a group, equities research analysts anticipate that Morgan Stanley will post 6.83 EPS for the current year.

Morgan Stanley Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.50%. The ex-dividend date was Monday, April 29th. Morgan Stanley’s dividend payout ratio is currently 61.93%.

Insiders Place Their Bets

In other news, insider Mandell Crawley sold 6,954 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $99.61, for a total value of $692,687.94. Following the transaction, the insider now owns 46,274 shares in the company, valued at approximately $4,609,353.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Morgan Stanley news, insider Mandell Crawley sold 6,954 shares of Morgan Stanley stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $99.61, for a total transaction of $692,687.94. Following the completion of the sale, the insider now owns 46,274 shares of the company’s stock, valued at approximately $4,609,353.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman James P. Gorman sold 100,000 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $90.21, for a total transaction of $9,021,000.00. Following the completion of the transaction, the chairman now directly owns 414,870 shares in the company, valued at $37,425,422.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 118,154 shares of company stock worth $10,722,696. 0.24% of the stock is currently owned by company insiders.

Morgan Stanley Company Profile

(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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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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