Riverhead Capital Management LLC Purchases 51,693 Shares of Morgan Stanley (NYSE:MS)

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Riverhead Capital Management LLC lifted its position in shares of Morgan Stanley (NYSE:MS) by 124.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 93,322 shares of the financial services provider’s stock after acquiring an additional 51,693 shares during the period. Riverhead Capital Management LLC’s holdings in Morgan Stanley were worth $3,938,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in MS. Springhouse Capital Management LP acquired a new stake in Morgan Stanley in the 4th quarter valued at about $8,069,000. Lowe Brockenbrough & Co. Inc. lifted its holdings in Morgan Stanley by 0.6% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 115,414 shares of the financial services provider’s stock valued at $4,576,000 after acquiring an additional 735 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Morgan Stanley by 31.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 88,206 shares of the financial services provider’s stock valued at $3,497,000 after buying an additional 21,173 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in Morgan Stanley during the first quarter valued at about $827,000. Finally, AMG National Trust Bank purchased a new stake in Morgan Stanley during the fourth quarter valued at about $547,000. Institutional investors and hedge funds own 83.86% of the company’s stock.

Shares of NYSE MS traded down $0.36 during mid-day trading on Friday, reaching $42.59. The company had a trading volume of 61,201 shares, compared to its average volume of 8,530,714. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $71.81 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 0.99 and a beta of 1.33. Morgan Stanley has a 12-month low of $36.74 and a 12-month high of $51.72.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.16. The business had revenue of $10.29 billion during the quarter, compared to analyst estimates of $9.96 billion. Morgan Stanley had a net margin of 16.75% and a return on equity of 11.45%. The firm’s revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 earnings per share. On average, analysts predict that Morgan Stanley will post 4.79 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Monday, April 29th. Morgan Stanley’s dividend payout ratio (DPR) is 26.03%.

A number of analysts have commented on MS shares. Citigroup lowered shares of Morgan Stanley from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a research note on Thursday, April 18th. HSBC set a $48.00 price objective on shares of Morgan Stanley and gave the company a “neutral” rating in a research note on Thursday, April 4th. Oppenheimer upped their price objective on shares of Morgan Stanley from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. ValuEngine lowered shares of Morgan Stanley from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 23rd. Finally, BMO Capital Markets upped their price objective on shares of Morgan Stanley to $68.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $56.24.

In related news, insider Daniel A. Simkowitz purchased 7,000 shares of Morgan Stanley stock in a transaction dated Thursday, April 18th. The stock was acquired at an average cost of $47.57 per share, with a total value of $332,990.00. Following the completion of the transaction, the insider now directly owns 193,089 shares of the company’s stock, valued at $9,185,243.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is owned by corporate insiders.

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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.

Further Reading: Sell-Side Analysts

Want to see what other hedge funds are holding MS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morgan Stanley (NYSE:MS).

Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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