SteelPeak Wealth LLC Has $2.68 Million Stock Position in Morgan Stanley (NYSE:MS)

SteelPeak Wealth LLC reduced its position in Morgan Stanley (NYSE:MS - Free Report) by 62.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,345 shares of the financial services provider's stock after selling 35,993 shares during the quarter. SteelPeak Wealth LLC's holdings in Morgan Stanley were worth $2,684,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MS. DGS Capital Management LLC increased its stake in shares of Morgan Stanley by 1.8% during the fourth quarter. DGS Capital Management LLC now owns 4,408 shares of the financial services provider's stock worth $554,000 after buying an additional 77 shares during the period. Perfromance Wealth Partners LLC lifted its position in shares of Morgan Stanley by 2.7% during the 4th quarter. Perfromance Wealth Partners LLC now owns 3,004 shares of the financial services provider's stock worth $378,000 after purchasing an additional 78 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Morgan Stanley by 3.3% during the fourth quarter. Sivia Capital Partners LLC now owns 2,748 shares of the financial services provider's stock worth $346,000 after purchasing an additional 87 shares in the last quarter. Cardinal Point Capital Management ULC increased its stake in Morgan Stanley by 3.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 2,697 shares of the financial services provider's stock valued at $339,000 after purchasing an additional 90 shares during the last quarter. Finally, Mason & Associates Inc boosted its stake in Morgan Stanley by 2.9% in the fourth quarter. Mason & Associates Inc now owns 3,177 shares of the financial services provider's stock valued at $399,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company's stock.

Insider Transactions at Morgan Stanley

In related news, CFO Raja Akram sold 17,500 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $136.01, for a total transaction of $2,380,175.00. Following the transaction, the chief financial officer now owns 81,440 shares of the company's stock, valued at approximately $11,076,654.40. The trade was a 17.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eric F. Grossman sold 13,097 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $136.20, for a total value of $1,783,811.40. Following the sale, the insider now owns 197,444 shares in the company, valued at approximately $26,891,872.80. This represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Morgan Stanley Stock Performance

Shares of MS traded up $0.49 during midday trading on Wednesday, hitting $139.03. 2,549,783 shares of the stock traded hands, compared to its average volume of 7,591,922. Morgan Stanley has a 1-year low of $83.09 and a 1-year high of $141.48. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $223.97 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.20 and a beta of 1.36. The business's 50 day moving average price is $129.66 and its two-hundred day moving average price is $115.51.

Morgan Stanley (NYSE:MS - Get Free Report) last announced its earnings results on Thursday, January 16th. The financial services provider reported $2.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.68. The firm had revenue of $16.23 billion during the quarter, compared to analyst estimates of $15.03 billion. Morgan Stanley had a net margin of 12.48% and a return on equity of 14.39%. Morgan Stanley's revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 EPS. Equities research analysts predict that Morgan Stanley will post 8.49 EPS for the current fiscal year.

Morgan Stanley Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.925 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $3.70 dividend on an annualized basis and a yield of 2.66%. Morgan Stanley's payout ratio is presently 46.60%.

Analyst Upgrades and Downgrades

MS has been the topic of a number of research reports. UBS Group raised their target price on shares of Morgan Stanley from $130.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. Bank of America upped their target price on shares of Morgan Stanley from $146.00 to $153.00 and gave the company a "buy" rating in a report on Friday, January 17th. The Goldman Sachs Group raised their price target on Morgan Stanley from $106.00 to $121.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Royal Bank of Canada increased their price objective on Morgan Stanley from $108.00 to $122.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Morgan Stanley from $104.00 to $108.00 and gave the stock a "neutral" rating in a research report on Monday, January 13th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $131.27.

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.