Jump Financial LLC Purchases 7,666 Shares of Morgan Stanley (NYSE:MS)

Jump Financial LLC grew its position in shares of Morgan Stanley (NYSE:MS - Free Report) by 129.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,598 shares of the financial services provider's stock after purchasing an additional 7,666 shares during the quarter. Jump Financial LLC's holdings in Morgan Stanley were worth $1,710,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Guggenheim Capital LLC grew its holdings in shares of Morgan Stanley by 2.8% in the 4th quarter. Guggenheim Capital LLC now owns 118,321 shares of the financial services provider's stock worth $14,875,000 after acquiring an additional 3,175 shares during the period. Canada Post Corp Registered Pension Plan acquired a new stake in Morgan Stanley during the fourth quarter worth approximately $6,412,000. XTX Topco Ltd purchased a new stake in Morgan Stanley in the 4th quarter worth approximately $810,000. Broyhill Asset Management purchased a new position in Morgan Stanley during the fourth quarter worth about $461,000. Finally, CM Wealth Advisors LLC acquired a new stake in shares of Morgan Stanley in the fourth quarter worth approximately $222,000. 84.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MS has been the subject of a number of research analyst reports. Barclays increased their target price on shares of Morgan Stanley from $155.00 to $156.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Bank of America dropped their price target on shares of Morgan Stanley from $150.00 to $144.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Wells Fargo & Company reduced their target price on Morgan Stanley from $130.00 to $120.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group cut their price target on Morgan Stanley from $144.00 to $126.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Finally, Erste Group Bank cut shares of Morgan Stanley from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Morgan Stanley currently has an average rating of "Hold" and an average price target of $130.50.

Morgan Stanley Price Performance

NYSE:MS traded up $1.94 on Wednesday, reaching $112.32. The stock had a trading volume of 9,237,275 shares, compared to its average volume of 6,661,462. The stock has a fifty day moving average price of $118.38 and a 200-day moving average price of $124.48. 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 has a 1-year low of $90.55 and a 1-year high of $142.03. The company has a market capitalization of $181.15 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30.

Morgan Stanley (NYSE:MS - Get Free Report) last released its earnings results 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. Morgan Stanley had a net margin of 12.48% and a return on equity of 14.39%. 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 previous year, the business earned $2.02 EPS. The business's quarterly revenue was up 17.2% compared to the same quarter last year. Research analysts forecast that Morgan Stanley will post 8.56 EPS for the current year.

Morgan Stanley Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a $0.925 dividend. This represents a $3.70 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Wednesday, April 30th. Morgan Stanley's payout ratio is 43.43%.

Insider Buying and Selling

In other news, 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 value of $1,124,092.20. Following the completion of the transaction, the insider now directly owns 199,274 shares in the company, valued at approximately $22,248,942.10. The trade was a 4.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

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.