Measured Wealth Private Client Group LLC purchased a new stake in Morgan Stanley (NYSE:MS) in the 1st quarter, HoldingsChannel reports. The fund purchased 5,579 shares of the financial services provider’s stock, valued at approximately $235,000.
Several other hedge funds also recently modified their holdings of the company. Nalls Sherbakoff Group LLC acquired a new stake in Morgan Stanley during the fourth quarter worth approximately $28,000. Liberty Wealth Management LLC acquired a new stake in Morgan Stanley during the fourth quarter worth approximately $29,000. CWM LLC grew its stake in Morgan Stanley by 72.6% during the fourth quarter. CWM LLC now owns 799 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 336 shares during the period. Destination Wealth Management grew its stake in Morgan Stanley by 38.7% during the first quarter. Destination Wealth Management now owns 771 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 215 shares during the period. Finally, San Francisco Sentry Investment Group CA grew its stake in Morgan Stanley by 63.7% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 1,002 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 390 shares during the period. 86.21% of the stock is owned by institutional investors.
In other news, CFO Paul C. Wirth sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $42.40, for a total value of $1,060,000.00. Following the transaction, the chief financial officer now owns 169,031 shares in the company, valued at $7,166,914.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel A. Simkowitz bought 7,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was bought at an average price of $47.57 per share, for a total transaction of $332,990.00. Following the acquisition, the insider now directly owns 193,089 shares of the company’s stock, valued at $9,185,243.73. The disclosure for this purchase can be found here. 0.23% of the stock is owned by company insiders.
Morgan Stanley (NYSE:MS) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.16. Morgan Stanley had a return on equity of 11.45% and a net margin of 16.75%. The company had revenue of $10.29 billion for the quarter, compared to analyst estimates of $9.96 billion. During the same quarter last year, the company earned $1.45 earnings per share. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. Equities research analysts anticipate that Morgan Stanley will post 4.79 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.74%. Morgan Stanley’s dividend payout ratio is presently 26.03%.
Several brokerages have issued reports on MS. HSBC set a $48.00 price target on Morgan Stanley and gave the stock a “neutral” rating in a report on Thursday, April 4th. ValuEngine upgraded Morgan Stanley from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Zacks Investment Research lowered Morgan Stanley from a “hold” rating to a “sell” rating in a report on Monday, March 11th. Oppenheimer increased their price target on Morgan Stanley from $60.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Royal Bank of Canada set a $60.00 price target on Morgan Stanley and gave the stock a “buy” rating in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $56.24.
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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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.
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