Intergy Private Wealth LLC Sells 117 Shares of Morgan Stanley (NYSE:MS)

Intergy Private Wealth LLC cut its position in shares of Morgan Stanley (NYSE:MS) by 4.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,311 shares of the financial services provider’s stock after selling 117 shares during the quarter. Intergy Private Wealth LLC’s holdings in Morgan Stanley were worth $270,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MS. AAFMAA Wealth Management & Trust LLC purchased a new position in Morgan Stanley in the first quarter valued at about $1,805,000. Gateway Investment Advisers LLC boosted its stake in Morgan Stanley by 0.8% in the 1st quarter. Gateway Investment Advisers LLC now owns 443,935 shares of the financial services provider’s stock worth $51,794,000 after purchasing an additional 3,573 shares during the period. Constitution Capital LLC grew its stake in Morgan Stanley by 78.3% during the first quarter. Constitution Capital LLC now owns 4,100 shares of the financial services provider’s stock valued at $478,000 after acquiring an additional 1,800 shares in the last quarter. Elk River Wealth Management LLC grew its position in shares of Morgan Stanley by 3.4% during the 1st quarter. Elk River Wealth Management LLC now owns 50,203 shares of the financial services provider’s stock valued at $5,857,000 after purchasing an additional 1,663 shares in the last quarter. Finally, Signal Advisors Wealth LLC grew its position in Morgan Stanley by 94.7% during the first quarter. Signal Advisors Wealth LLC now owns 3,777 shares of the financial services provider’s stock worth $441,000 after buying an additional 1,837 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Insider Transactions at Morgan Stanley

In other news, insider Eric F. Grossman sold 10,068 shares of Morgan Stanley stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $111.65, for a total value of $1,124,092.20. Following the completion of the transaction, the insider now owns 199,274 shares in the company, valued at approximately $22,248,942.10. The trade was a 4.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert H. Herz sold 800 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $119.32, for a total transaction of $95,456.00. Following the transaction, the director now owns 96,760 shares in the company, valued at $11,545,403.20. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,868 shares of company stock valued at $6,019,548 over the last three months. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MS shares. Bank of America decreased their price target on shares of Morgan Stanley from $150.00 to $144.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Evercore ISI decreased their price target on Morgan Stanley from $150.00 to $138.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. The Goldman Sachs Group lowered their price objective on shares of Morgan Stanley from $144.00 to $126.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. JMP Securities restated a “market perform” rating on shares of Morgan Stanley in a report on Monday, April 14th. Finally, Citigroup lowered their price objective on shares of Morgan Stanley from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Monday, March 24th. Eleven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Morgan Stanley currently has an average rating of “Hold” and a consensus price target of $132.46.

Morgan Stanley Stock Performance

Shares of MS stock opened at $131.89 on Friday. The company’s 50-day moving average is $118.66 and its 200 day moving average is $125.29. The company has a market capitalization of $211.59 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.18 and a beta of 1.29. Morgan Stanley has a one year low of $90.94 and a one year high of $142.03. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Friday, April 11th. The financial services provider reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.39. The firm had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $16.81 billion. Morgan Stanley had a net margin of 12.48% and a return on equity of 14.39%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.02 EPS. Sell-side analysts expect that Morgan Stanley will post 8.56 EPS for the current fiscal year.

Morgan Stanley Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a $0.925 dividend. This represents a $3.70 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Wednesday, April 30th. Morgan Stanley’s dividend payout ratio is 43.43%.

Morgan Stanley 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.