Somerset Trust Co Buys 475 Shares of Morgan Stanley (NYSE:MS)

Somerset Trust Co raised its position in shares of Morgan Stanley (NYSE:MSFree Report) by 3.3% in the 1st quarter, Holdings Channel reports. The firm owned 14,837 shares of the financial services provider’s stock after acquiring an additional 475 shares during the period. Somerset Trust Co’s holdings in Morgan Stanley were worth $1,397,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MS. Paralel Advisors LLC boosted its holdings in shares of Morgan Stanley by 1.1% in the 3rd quarter. Paralel Advisors LLC now owns 21,773 shares of the financial services provider’s stock valued at $1,778,000 after purchasing an additional 238 shares in the last quarter. Johnson Investment Counsel Inc. boosted its holdings in shares of Morgan Stanley by 13.0% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 3,632 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 418 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of Morgan Stanley by 44.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 82,236 shares of the financial services provider’s stock valued at $6,716,000 after purchasing an additional 25,195 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Morgan Stanley in the 3rd quarter valued at $8,946,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Morgan Stanley by 26.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,842,060 shares of the financial services provider’s stock valued at $150,441,000 after acquiring an additional 390,406 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Morgan Stanley Stock Up 0.5 %

Shares of MS traded up $0.53 during trading hours on Wednesday, hitting $97.57. The stock had a trading volume of 4,558,350 shares, compared to its average volume of 4,825,560. 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 50 day simple moving average of $95.33 and a 200-day simple moving average of $90.96. The firm has a market capitalization of $158.57 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 1.18 and a beta of 1.38. Morgan Stanley has a 1-year low of $69.42 and a 1-year high of $103.25.

Morgan Stanley (NYSE:MSGet Free Report) last issued its earnings results on Tuesday, April 16th. The financial services provider reported $2.02 EPS for the quarter, beating the consensus estimate of $1.69 by $0.33. The company had revenue of $15.14 billion during the quarter, compared to the consensus estimate of $14.42 billion. Morgan Stanley had a return on equity of 10.88% and a net margin of 9.57%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the business posted $1.70 EPS. Sell-side analysts predict that Morgan Stanley will post 6.83 EPS for the current fiscal year.

Morgan Stanley Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were paid a $0.85 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $3.40 annualized dividend and a dividend yield of 3.48%. Morgan Stanley’s dividend payout ratio is presently 61.93%.

Insider Buying and Selling at Morgan Stanley

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Jefferies Financial Group increased their price target on Morgan Stanley from $107.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Evercore ISI increased their price target on Morgan Stanley from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Oppenheimer increased their price target on Morgan Stanley from $101.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. HSBC raised their target price on Morgan Stanley from $100.00 to $102.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Finally, Bank of America raised their target price on Morgan Stanley from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $98.30.

Read Our Latest Analysis on MS

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.

See Also

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)

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