Gateway Investment Advisers LLC Buys 132 Shares of Morgan Stanley (NYSE:MS)

Gateway Investment Advisers LLC boosted its stake in Morgan Stanley (NYSE:MSFree Report) by 0.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 528,822 shares of the financial services provider’s stock after purchasing an additional 132 shares during the period. Gateway Investment Advisers LLC’s holdings in Morgan Stanley were worth $49,794,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MS. Institute for Wealth Management LLC. grew its position in shares of Morgan Stanley by 3.6% during the fourth quarter. Institute for Wealth Management LLC. now owns 17,578 shares of the financial services provider’s stock worth $1,639,000 after purchasing an additional 618 shares in the last quarter. Atalanta Sosnoff Capital LLC boosted its stake in Morgan Stanley by 8.1% during the fourth quarter. Atalanta Sosnoff Capital LLC now owns 373,686 shares of the financial services provider’s stock worth $34,846,000 after buying an additional 27,845 shares during the period. Hartford Financial Management Inc. grew its holdings in Morgan Stanley by 17.9% during the 4th quarter. Hartford Financial Management Inc. now owns 917 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 139 shares during the last quarter. Evercore Wealth Management LLC raised its holdings in shares of Morgan Stanley by 4.0% in the fourth quarter. Evercore Wealth Management LLC now owns 1,274,605 shares of the financial services provider’s stock worth $118,857,000 after buying an additional 48,812 shares during the period. Finally, Avior Wealth Management LLC lifted its stake in shares of Morgan Stanley by 2.5% during the 4th quarter. Avior Wealth Management LLC now owns 6,600 shares of the financial services provider’s stock worth $615,000 after acquiring an additional 163 shares during the last quarter. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on MS. Evercore ISI upped their target price on Morgan Stanley from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Keefe, Bruyette & Woods boosted their target price on shares of Morgan Stanley from $94.00 to $98.00 and gave the stock a “market perform” rating in a report on Wednesday, April 17th. BMO Capital Markets raised their price target on shares of Morgan Stanley from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. TheStreet raised shares of Morgan Stanley from a “c+” rating to a “b” rating in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $91.00 price target on shares of Morgan Stanley in a report on Wednesday, March 27th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Morgan Stanley presently has a consensus rating of “Hold” and a consensus target price of $98.30.

View Our Latest Research Report on MS

Morgan Stanley Trading Up 0.4 %

Shares of NYSE MS traded up $0.37 during midday trading on Tuesday, reaching $97.47. 2,196,912 shares of the stock were exchanged, compared to its average volume of 7,614,665. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.97. The company has a market capitalization of $158.40 billion, a P/E ratio of 17.69, a P/E/G ratio of 1.18 and a beta of 1.38. The stock has a 50 day moving average price of $96.06 and a 200-day moving average price of $91.43. Morgan Stanley has a 52-week low of $69.42 and a 52-week high of $103.25.

Morgan Stanley (NYSE:MSGet Free Report) last posted its quarterly 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. Morgan Stanley had a return on equity of 10.88% and a net margin of 9.57%. The company had revenue of $15.14 billion during the quarter, compared to analysts’ expectations of $14.42 billion. During the same quarter in the previous year, the business earned $1.70 EPS. The firm’s revenue was up 4.3% on a year-over-year basis. Equities research analysts expect that Morgan Stanley will post 6.82 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 3.49%. The ex-dividend date was Monday, April 29th. Morgan Stanley’s dividend payout ratio is currently 61.93%.

Insider Transactions at Morgan Stanley

In other news, Chairman James P. Gorman sold 100,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $90.21, for a total value of $9,021,000.00. Following the transaction, the chairman now owns 414,870 shares of the company’s stock, valued at approximately $37,425,422.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Chairman James P. Gorman sold 100,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $90.21, for a total transaction of $9,021,000.00. Following the completion of the sale, the chairman now owns 414,870 shares of the company’s stock, valued at approximately $37,425,422.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mandell Crawley sold 6,954 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $99.61, for a total value of $692,687.94. Following the sale, the insider now directly owns 46,274 shares in the company, valued at approximately $4,609,353.14. 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. 0.24% of the stock is currently owned by company insiders.

About Morgan Stanley

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

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