Colonial River Wealth Management LLC Lowers Holdings in Morgan Stanley (NYSE:MS)

Colonial River Wealth Management LLC cut its position in Morgan Stanley (NYSE:MSFree Report) by 14.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,278 shares of the financial services provider’s stock after selling 709 shares during the quarter. Colonial River Wealth Management LLC’s holdings in Morgan Stanley were worth $399,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wolff Wiese Magana LLC raised its position in Morgan Stanley by 3.2% in the 3rd quarter. Wolff Wiese Magana LLC now owns 18,896 shares of the financial services provider’s stock worth $1,543,000 after purchasing an additional 580 shares during the period. Calamos Wealth Management LLC grew its holdings in Morgan Stanley by 2.9% in the 3rd quarter. Calamos Wealth Management LLC now owns 10,400 shares of the financial services provider’s stock worth $849,000 after acquiring an additional 290 shares during the last quarter. Dakota Wealth Management grew its holdings in Morgan Stanley by 16.2% in the 3rd quarter. Dakota Wealth Management now owns 12,803 shares of the financial services provider’s stock worth $1,046,000 after acquiring an additional 1,785 shares during the last quarter. CBOE Vest Financial LLC grew its holdings in Morgan Stanley by 75.4% in the 3rd quarter. CBOE Vest Financial LLC now owns 104,017 shares of the financial services provider’s stock worth $8,495,000 after acquiring an additional 44,725 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Morgan Stanley by 31.3% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 8,064 shares of the financial services provider’s stock worth $659,000 after acquiring an additional 1,923 shares during the last quarter. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Morgan Stanley

In other news, CFO Raja Akram sold 7,000 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $83.56, for a total value of $584,920.00. Following the completion of the sale, the chief financial officer now directly owns 97,634 shares of the company’s stock, valued at $8,158,297.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Chairman James P. Gorman sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $87.93, for a total transaction of $4,396,500.00. Following the completion of the transaction, the chairman now directly owns 400,000 shares of the company’s stock, valued at $35,172,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Raja Akram sold 7,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $83.56, for a total transaction of $584,920.00. Following the transaction, the chief financial officer now directly owns 97,634 shares of the company’s stock, valued at $8,158,297.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 208,155 shares of company stock valued at $18,149,314. Insiders own 0.24% of the company’s stock.

Morgan Stanley Trading Down 0.9 %

Shares of NYSE MS opened at $92.71 on Wednesday. The firm’s 50 day moving average price is $87.85 and its 200-day moving average price is $84.31. The company has a market cap of $151.61 billion, a PE ratio of 17.93, a P/E/G ratio of 1.89 and a beta of 1.43. Morgan Stanley has a 52-week low of $69.42 and a 52-week high of $95.57. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.75 and a current ratio of 0.75.

Morgan Stanley (NYSE:MSGet Free Report) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.06. The company had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.77 billion. Morgan Stanley had a net margin of 9.49% and a return on equity of 10.36%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.31 earnings per share. On average, equities research analysts expect that Morgan Stanley will post 6.35 EPS for the current fiscal 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 dividend of $0.85 per share. 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 dividend payout ratio is currently 65.76%.

Wall Street Analysts Forecast Growth

MS has been the topic of a number of recent analyst reports. HSBC raised 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. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $91.00 price target (down previously from $102.00) on shares of Morgan Stanley in a report on Wednesday, January 17th. Bank of America raised their price target on shares of Morgan Stanley from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. BMO Capital Markets lifted their target price on shares of Morgan Stanley from $106.00 to $107.00 and gave the company an “outperform” rating in a research note on Wednesday, January 17th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $87.00 target price (down previously from $94.00) on shares of Morgan Stanley in a research note on Wednesday, January 17th. Thirteen analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $94.45.

Get Our Latest Research Report on MS

About Morgan Stanley

(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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