Edmond DE Rothschild Holding S.A. Has $1.50 Million Stock Position in Morgan Stanley (NYSE:MS)

Edmond DE Rothschild Holding S.A. trimmed its holdings in Morgan Stanley (NYSE:MS) by 86.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,898 shares of the financial services provider’s stock after selling 97,438 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Morgan Stanley were worth $1,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Venturi Wealth Management LLC boosted its position in shares of Morgan Stanley by 1.1% during the first quarter. Venturi Wealth Management LLC now owns 10,553 shares of the financial services provider’s stock worth $994,000 after buying an additional 112 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in shares of Morgan Stanley by 3.9% in the first quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 3,131 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 117 shares in the last quarter. Advisory Alpha LLC boosted its holdings in Morgan Stanley by 4.6% during the first quarter. Advisory Alpha LLC now owns 2,644 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 117 shares during the last quarter. West Paces Advisors Inc. grew its position in Morgan Stanley by 10.1% in the first quarter. West Paces Advisors Inc. now owns 1,283 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 118 shares in the last quarter. Finally, Indiana Trust & Investment Management CO increased its stake in Morgan Stanley by 9.9% in the 1st quarter. Indiana Trust & Investment Management CO now owns 1,341 shares of the financial services provider’s stock valued at $126,000 after buying an additional 121 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Analyst Upgrades and Downgrades

MS has been the topic of several recent analyst reports. Cfra boosted their price target on Morgan Stanley from $97.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Oppenheimer downgraded shares of Morgan Stanley from an “outperform” rating to a “market perform” rating in a research note on Wednesday. HSBC upped their price objective on Morgan Stanley from $100.00 to $102.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Keefe, Bruyette & Woods boosted their target price on Morgan Stanley from $94.00 to $98.00 and gave the stock a “market perform” rating in a report on Wednesday, April 17th. Finally, Royal Bank of Canada raised their price target on Morgan Stanley from $91.00 to $108.00 and gave the company a “sector perform” rating in a report on Wednesday. Fourteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $101.18.

Insider Buying and Selling

In related news, insider Mandell Crawley sold 6,954 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $99.61, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.24% of the stock is currently owned by corporate insiders.

Morgan Stanley Price Performance

NYSE MS traded down $0.10 on Thursday, hitting $106.86. 476,000 shares of the company’s stock were exchanged, compared to its average volume of 7,573,254. The stock has a 50-day moving average of $99.02 and a 200-day moving average of $92.74. The stock has a market cap of $173.66 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 1.30 and a beta of 1.38. Morgan Stanley has a 52 week low of $69.42 and a 52 week high of $109.11. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.97.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.17. The business had revenue of $15.02 billion for the quarter, compared to analyst estimates of $14.32 billion. Morgan Stanley had a return on equity of 11.90% and a net margin of 10.17%. Morgan Stanley’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share. Analysts expect that Morgan Stanley will post 6.82 earnings per share for the current year.

Morgan Stanley Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a dividend of $0.925 per share. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $3.70 annualized dividend and a dividend yield of 3.46%. Morgan Stanley’s dividend payout ratio (DPR) is 61.93%.

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.