Morgan Stanley (NYSE:MS) Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI trimmed its holdings in shares of Morgan Stanley (NYSE:MSFree Report) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,356 shares of the financial services provider’s stock after selling 240 shares during the period. Parsons Capital Management Inc. RI’s holdings in Morgan Stanley were worth $1,059,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MS. CGC Financial Services LLC raised its stake in shares of Morgan Stanley by 5,200.0% in the 4th quarter. CGC Financial Services LLC now owns 265 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 260 shares in the last quarter. RVW Wealth LLC acquired a new position in Morgan Stanley in the third quarter worth $27,000. Glass Jacobson Investment Advisors llc raised its position in shares of Morgan Stanley by 77.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 328 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 143 shares during the last quarter. DHJJ Financial Advisors Ltd. bought a new stake in Morgan Stanley in the third quarter valued at about $28,000. Finally, Janiczek Wealth Management LLC increased its holdings in shares of Morgan Stanley by 810.8% in the third quarter. Janiczek Wealth Management LLC now owns 337 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 300 shares in the last quarter. 84.19% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley Price Performance

Shares of MS stock opened at $92.71 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.89. Morgan Stanley has a 12 month low of $69.42 and a 12 month high of $95.57. The firm has a market cap of $151.61 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.91 and a beta of 1.43. The stock has a 50-day moving average price of $87.85 and a 200 day moving average price of $84.31.

Morgan Stanley (NYSE:MSGet Free Report) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.06. The business had revenue of $12.90 billion for the quarter, compared to analyst estimates of $12.77 billion. Morgan Stanley had a return on equity of 10.36% and a net margin of 9.49%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.31 EPS. Research analysts expect that Morgan Stanley will post 6.35 EPS for the current year.

Morgan Stanley Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were issued a $0.85 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $3.40 dividend on an annualized basis and a yield of 3.67%. Morgan Stanley’s payout ratio is currently 65.76%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $91.00 price target on shares of Morgan Stanley in a research report on Wednesday, March 27th. BMO Capital Markets lifted their price objective on Morgan Stanley from $106.00 to $107.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 17th. Bank of America lifted their price target on Morgan Stanley from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. UBS Group upped their price objective on Morgan Stanley from $80.00 to $95.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Finally, HSBC upped their price target on shares of Morgan Stanley from $96.00 to $100.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Thirteen analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $94.45.

Read Our Latest Research Report on Morgan Stanley

Insider Buying and Selling at Morgan Stanley

In other Morgan Stanley news, CFO Raja Akram sold 4,500 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $87.41, for a total value of $393,345.00. Following the sale, the chief financial officer now directly owns 93,134 shares in the company, valued at $8,140,842.94. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Chairman James P. Gorman sold 50,000 shares of Morgan Stanley stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $87.93, for a total value of $4,396,500.00. Following the completion of the sale, the chairman now owns 400,000 shares of the company’s stock, valued at $35,172,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Raja Akram sold 4,500 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $87.41, for a total value of $393,345.00. Following the completion of the transaction, the chief financial officer now owns 93,134 shares in the company, valued at $8,140,842.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 208,155 shares of company stock valued at $18,149,314. Company insiders own 0.24% of the company’s stock.

Morgan Stanley Profile

(Free Report)

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.

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

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