Trajan Wealth LLC lowered its position in shares of Morgan Stanley (NYSE:MS - Free Report) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,089 shares of the financial services provider's stock after selling 3,648 shares during the period. Trajan Wealth LLC's holdings in Morgan Stanley were worth $5,669,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in MS. Peoples Bank KS acquired a new stake in Morgan Stanley in the fourth quarter valued at $25,000. IAG Wealth Partners LLC acquired a new position in Morgan Stanley in the fourth quarter worth about $28,000. Curio Wealth LLC bought a new stake in Morgan Stanley in the fourth quarter valued at about $31,000. Crowley Wealth Management Inc. bought a new position in Morgan Stanley during the 4th quarter worth approximately $34,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Morgan Stanley in the 4th quarter valued at approximately $35,000. 84.19% of the stock is owned by institutional investors and hedge funds.
Morgan Stanley Stock Up 1.8 %
NYSE:MS traded up $1.94 on Wednesday, hitting $112.32. 9,237,275 shares of the company's stock traded hands, compared to its average volume of 6,662,839. The firm has a 50-day moving average price of $118.38 and a 200-day moving average price of $124.48. The company has a market cap of $181.15 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. Morgan Stanley has a 1 year low of $90.55 and a 1 year high of $142.03. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.14.
Morgan Stanley (NYSE:MS - Get Free Report) last posted its earnings results on Friday, April 11th. The financial services provider reported $2.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.39. The firm had revenue of $17.74 billion during the quarter, compared to analysts' expectations of $16.81 billion. Morgan Stanley had a net margin of 12.48% and a return on equity of 14.39%. The company's revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.02 earnings per share. Equities analysts anticipate that Morgan Stanley will post 8.56 EPS for the current fiscal year.
Morgan Stanley Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a $0.925 dividend. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Wednesday, April 30th. Morgan Stanley's dividend payout ratio is 43.43%.
Insider Buying and Selling at Morgan Stanley
In related news, insider Eric F. Grossman sold 10,068 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $111.65, for a total transaction of $1,124,092.20. Following the sale, the insider now directly owns 199,274 shares in the company, valued at $22,248,942.10. This represents a 4.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.19% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have commented on MS. Bank of America dropped their price target on shares of Morgan Stanley from $150.00 to $144.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Wells Fargo & Company reduced their price target on Morgan Stanley from $130.00 to $120.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Citigroup lowered their price target on Morgan Stanley from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. UBS Group increased their target price on shares of Morgan Stanley from $130.00 to $140.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Morgan Stanley from $138.00 to $145.00 and gave the stock a "market perform" rating in a research report on Friday, January 17th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $130.50.
Check Out Our Latest Report on Morgan Stanley
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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