JustInvest LLC boosted its stake in shares of Morgan Stanley (NYSE:MS) by 45.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,227 shares of the financial services provider’s stock after purchasing an additional 6,032 shares during the quarter. JustInvest LLC’s holdings in Morgan Stanley were worth $1,493,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Alpha DNA Investment Management LLC purchased a new position in Morgan Stanley during the fourth quarter worth $25,000. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Morgan Stanley during the first quarter worth $25,000. American Research & Management Co. acquired a new stake in shares of Morgan Stanley during the fourth quarter worth $27,000. Valley Brook Capital Group acquired a new stake in shares of Morgan Stanley during the fourth quarter worth $27,000. Finally, Riggs Asset Managment Co. Inc. boosted its holdings in shares of Morgan Stanley by 87.3% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 442 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 206 shares during the last quarter. 76.79% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Daniel A. Simkowitz sold 73,162 shares of the company’s stock in a transaction dated Monday, April 19th. The stock was sold at an average price of $80.06, for a total value of $5,857,349.72. Following the completion of the sale, the insider now directly owns 267,915 shares of the company’s stock, valued at approximately $21,449,274.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is owned by corporate insiders.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Thursday, April 15th. The financial services provider reported $2.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.47. Morgan Stanley had a return on equity of 12.33% and a net margin of 19.16%. The company had revenue of $15.72 billion for the quarter, compared to the consensus estimate of $13.48 billion. During the same quarter in the prior year, the business earned $1.01 EPS. Morgan Stanley’s revenue was up 65.7% on a year-over-year basis. On average, sell-side analysts expect that Morgan Stanley will post 5.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 14th. Investors of record on Friday, April 30th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, April 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.72%. Morgan Stanley’s dividend payout ratio (DPR) is presently 28.11%.
MS has been the topic of a number of research analyst reports. UBS Group lifted their target price on Morgan Stanley from $84.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, April 1st. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a research report on Monday, January 25th. Credit Suisse Group reissued a “buy” rating and issued a $98.00 price objective on shares of Morgan Stanley in a report on Tuesday, April 20th. Berenberg Bank raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a report on Tuesday, April 27th. Finally, BMO Capital Markets lifted their target price on Morgan Stanley from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, January 20th. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Morgan Stanley presently has a consensus rating of “Buy” and an average target price of $74.15.
Morgan Stanley Profile
Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following business segments: Institutional Securities, Wealth Management, and Investment Management.
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