Connecticut Wealth Management LLC Has $514,000 Stake in Morgan Stanley (NYSE:MS)

Connecticut Wealth Management LLC decreased its position in shares of Morgan Stanley (NYSE:MS) by 24.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,514 shares of the financial services provider’s stock after selling 1,823 shares during the period. Connecticut Wealth Management LLC’s holdings in Morgan Stanley were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of MS. Institute for Wealth Management LLC. increased its holdings in shares of Morgan Stanley by 3.6% in the fourth quarter. Institute for Wealth Management LLC. now owns 17,578 shares of the financial services provider’s stock valued at $1,639,000 after purchasing an additional 618 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in shares of Morgan Stanley by 3.2% during the third quarter. Wolff Wiese Magana LLC now owns 18,896 shares of the financial services provider’s stock worth $1,543,000 after purchasing an additional 580 shares during the period. Calamos Wealth Management LLC increased its holdings in Morgan Stanley by 2.9% in the third quarter. Calamos Wealth Management LLC now owns 10,400 shares of the financial services provider’s stock valued at $849,000 after purchasing an additional 290 shares during the last quarter. Hartford Financial Management Inc. lifted its stake in Morgan Stanley by 17.9% in the fourth quarter. Hartford Financial Management Inc. now owns 917 shares of the financial services provider’s stock valued at $86,000 after buying an additional 139 shares during the period. Finally, Avior Wealth Management LLC boosted its holdings in Morgan Stanley by 2.5% during the fourth quarter. Avior Wealth Management LLC now owns 6,600 shares of the financial services provider’s stock worth $615,000 after buying an additional 163 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Insider Activity at Morgan Stanley

In related news, insider Charles Aubrey Smith III sold 11,200 shares of Morgan Stanley stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $90.09, for a total value of $1,009,008.00. Following the sale, the insider now owns 126,190 shares of the company’s stock, valued at $11,368,457.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Morgan Stanley news, insider Charles Aubrey Smith III sold 11,200 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $90.09, for a total transaction of $1,009,008.00. Following the transaction, the insider now owns 126,190 shares of the company’s stock, valued at $11,368,457.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman James P. Gorman sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $87.30, for a total value of $8,730,000.00. Following the transaction, the chairman now directly owns 350,000 shares in the company, valued at approximately $30,555,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 237,855 shares of company stock valued at $21,084,057. 0.24% of the stock is owned by insiders.

Morgan Stanley Stock Up 0.8 %

Shares of Morgan Stanley stock traded up $0.79 during trading on Monday, reaching $94.43. The stock had a trading volume of 2,765,229 shares, compared to its average volume of 8,437,313. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.89. The stock has a fifty day moving average price of $90.30 and a two-hundred day moving average price of $85.98. The company has a market capitalization of $153.60 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 1.76 and a beta of 1.41. Morgan Stanley has a 52 week low of $69.42 and a 52 week high of $95.57.

Morgan Stanley (NYSE:MS) last released its earnings results on Tuesday, April 16th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.33. The business had revenue of $15.14 billion for the quarter, compared to the consensus estimate of $14.42 billion. Morgan Stanley had a return on equity of 10.87% and a net margin of 9.57%. Morgan Stanley’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.70 earnings per share. Sell-side analysts predict that Morgan Stanley will post 6.84 EPS for the current fiscal year.

Morgan Stanley Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Monday, April 29th. Morgan Stanley’s dividend payout ratio is currently 61.93%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MS shares. HSBC upped their price target on Morgan Stanley from $100.00 to $102.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Oppenheimer increased their target price on shares of Morgan Stanley from $101.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Jefferies Financial Group lifted their price target on shares of Morgan Stanley from $107.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. TheStreet upgraded shares of Morgan Stanley from a “c+” rating to a “b” rating in a research report on Wednesday, March 6th. Finally, Bank of America lifted their target price on Morgan Stanley from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $98.30.

Morgan Stanley Company Profile

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.