Cambridge Trust Co. Sells 136 Shares of Morgan Stanley (NYSE:MS)

Cambridge Trust Co. trimmed its stake in Morgan Stanley (NYSE:MS) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,137 shares of the financial services provider’s stock after selling 136 shares during the period. Cambridge Trust Co.’s holdings in Morgan Stanley were worth $479,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Wolff Wiese Magana LLC boosted its position in Morgan Stanley by 3.2% in the third quarter. Wolff Wiese Magana LLC now owns 18,896 shares of the financial services provider’s stock valued at $1,543,000 after buying an additional 580 shares in the last quarter. Calamos Wealth Management LLC boosted its holdings in shares of Morgan Stanley by 2.9% in the 3rd quarter. Calamos Wealth Management LLC now owns 10,400 shares of the financial services provider’s stock worth $849,000 after acquiring an additional 290 shares in the last quarter. Dakota Wealth Management increased its holdings in Morgan Stanley by 16.2% during the 3rd quarter. Dakota Wealth Management now owns 12,803 shares of the financial services provider’s stock valued at $1,046,000 after purchasing an additional 1,785 shares in the last quarter. Hartford Financial Management Inc. raised its position in Morgan Stanley by 17.9% in 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. Finally, Avior Wealth Management LLC boosted its stake in Morgan Stanley by 2.5% in the fourth quarter. Avior Wealth Management LLC now owns 6,600 shares of the financial services provider’s stock worth $615,000 after purchasing an additional 163 shares in the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Oppenheimer increased their price objective on shares of Morgan Stanley from $97.00 to $101.00 and gave the stock an “outperform” rating in a report on Wednesday. JMP Securities reissued a “market perform” rating on shares of Morgan Stanley in a research note on Thursday. TheStreet raised Morgan Stanley from a “c+” rating to a “b” rating in a report on Wednesday, March 6th. Cfra boosted their target price on Morgan Stanley from $97.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, UBS Group boosted their price target on shares of Morgan Stanley from $80.00 to $95.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Thirteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $97.79.

Morgan Stanley Trading Down 0.9 %

Shares of Morgan Stanley stock opened at $89.45 on Friday. Morgan Stanley has a 1 year low of $69.42 and a 1 year high of $95.57. The company has a market capitalization of $145.50 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 1.77 and a beta of 1.43. The business has a fifty day simple moving average of $88.82 and a two-hundred day simple moving average of $84.85. 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 (NYSE:MS) last released its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.33. The firm had revenue of $15.14 billion for the quarter, compared to analysts’ expectations of $14.42 billion. Morgan Stanley had a net margin of 9.57% and a return on equity of 10.87%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.70 EPS. Research analysts forecast that Morgan Stanley will post 6.53 EPS for the current year.

Morgan Stanley Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Monday, April 29th. Morgan Stanley’s dividend payout ratio (DPR) is currently 61.93%.

Insider Buying and Selling at Morgan Stanley

In other news, Chairman James P. Gorman sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $87.93, for a total transaction of $4,396,500.00. Following the completion of the sale, the chairman now owns 400,000 shares of the company’s stock, valued at approximately $35,172,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Andrew M. Saperstein sold 26,655 shares of Morgan Stanley stock in a transaction on Monday, February 12th. The stock was sold at an average price of $87.19, for a total value of $2,324,049.45. Following the transaction, the insider now owns 286,835 shares in the company, valued at approximately $25,009,143.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman James P. Gorman sold 50,000 shares of the company’s stock in a transaction 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 sale, the chairman now owns 400,000 shares of the company’s stock, valued at $35,172,000. The disclosure for this sale can be found here. Insiders have sold a total of 191,155 shares of company stock valued at $16,723,094 in the last ninety days. 0.24% of the stock is currently owned by company insiders.

About Morgan Stanley

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.