Graypoint LLC Lowers Position in Morgan Stanley (NYSE:MS)

Graypoint LLC cut its position in shares of Morgan Stanley (NYSE:MSFree Report) by 16.3% during the 4th quarter, Holdings Channel reports. The firm owned 5,605 shares of the financial services provider’s stock after selling 1,093 shares during the quarter. Graypoint LLC’s holdings in Morgan Stanley were worth $523,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Morgan Stanley during the fourth quarter valued at approximately $956,566,000. Moneta Group Investment Advisors LLC grew its position in shares of Morgan Stanley by 125,756.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,641,190 shares of the financial services provider’s stock valued at $904,714,000 after acquiring an additional 10,632,735 shares during the period. Boston Partners purchased a new stake in shares of Morgan Stanley during the 3rd quarter worth approximately $477,765,000. Ontario Teachers Pension Plan Board bought a new stake in shares of Morgan Stanley in the 1st quarter worth approximately $451,711,000. Finally, FMR LLC lifted its stake in Morgan Stanley by 21.2% in the third quarter. FMR LLC now owns 23,474,452 shares of the financial services provider’s stock valued at $1,917,159,000 after purchasing an additional 4,098,577 shares during the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Morgan Stanley Stock Performance

NYSE:MS opened at $86.19 on Friday. The company has a market capitalization of $140.20 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.74 and a beta of 1.43. The business has a 50 day moving average of $88.57 and a 200 day moving average of $84.67. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.75 and a quick ratio of 0.75. Morgan Stanley has a 1-year low of $69.42 and a 1-year high of $95.57.

Morgan Stanley (NYSE:MSGet Free Report) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.06. Morgan Stanley had a net margin of 9.49% and a return on equity of 10.36%. The company had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.77 billion. During the same quarter in the prior year, the company earned $1.31 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts predict that Morgan Stanley will post 6.36 earnings per share for the current fiscal year.

Morgan Stanley Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend was Tuesday, January 30th. Morgan Stanley’s dividend payout ratio (DPR) is presently 65.76%.

Insider Activity at Morgan Stanley

In other news, CFO Raja Akram sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $83.56, for a total value of $584,920.00. Following the transaction, the chief financial officer now owns 97,634 shares in the company, valued at $8,158,297.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Morgan Stanley news, Chairman James P. Gorman sold 50,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $87.93, for a total value of $4,396,500.00. Following the completion of the sale, the chairman now owns 400,000 shares in the company, valued at approximately $35,172,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Raja Akram sold 7,000 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $83.56, for a total transaction of $584,920.00. Following the transaction, the chief financial officer now directly owns 97,634 shares in the company, valued at $8,158,297.04. The disclosure for this sale can be found here. Insiders sold 208,155 shares of company stock worth $18,149,314 in the last ninety days. 0.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MS shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $91.00 price objective on shares of Morgan Stanley in a research note on Wednesday, March 27th. HSBC upped their price objective on Morgan Stanley from $96.00 to $100.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. Oppenheimer dropped their price objective on Morgan Stanley from $109.00 to $97.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. BMO Capital Markets boosted their target price on shares of Morgan Stanley from $106.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday, January 17th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Morgan Stanley in a report on Tuesday, April 9th. Thirteen research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $95.48.

Read Our Latest Stock Analysis on Morgan Stanley

Morgan Stanley 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.

Read More

Want to see what other hedge funds are holding MS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morgan Stanley (NYSE:MSFree Report).

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

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.