Webster Bank N. A. Buys 2,433 Shares of Morgan Stanley (NYSE:MS)

Webster Bank N. A. raised its stake in shares of Morgan Stanley (NYSE:MSFree Report) by 1,465.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,599 shares of the financial services provider’s stock after acquiring an additional 2,433 shares during the quarter. Webster Bank N. A.’s holdings in Morgan Stanley were worth $242,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CGC Financial Services LLC increased its stake in shares of Morgan Stanley by 5,200.0% in the fourth quarter. CGC Financial Services LLC now owns 265 shares of the financial services provider’s stock valued at $25,000 after buying an additional 260 shares in the last quarter. RVW Wealth LLC bought a new position in shares of Morgan Stanley during the 3rd quarter valued at about $27,000. Glass Jacobson Investment Advisors llc lifted its holdings in shares of Morgan Stanley by 77.3% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 328 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 143 shares in the last quarter. DHJJ Financial Advisors Ltd. bought a new position in shares of Morgan Stanley during the 3rd quarter valued at about $28,000. Finally, Janiczek Wealth Management LLC lifted its stake in Morgan Stanley by 810.8% in the 3rd quarter. Janiczek Wealth Management LLC now owns 337 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 300 shares in the last quarter. 84.19% of the stock is owned by institutional investors.

Insider Activity

In related news, Chairman James P. Gorman sold 100,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $87.30, for a total transaction of $8,730,000.00. Following the transaction, the chairman now owns 350,000 shares in the company, valued at approximately $30,555,000. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Morgan Stanley news, Chairman James P. Gorman sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $87.93, for a total transaction of $4,396,500.00. Following the transaction, the chairman now owns 400,000 shares in the company, valued at approximately $35,172,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman James P. Gorman sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $87.30, for a total value of $8,730,000.00. Following the transaction, the chairman now directly owns 350,000 shares of the company’s stock, valued at approximately $30,555,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 208,155 shares of company stock valued at $18,149,314. Insiders own 0.24% of the company’s stock.

Morgan Stanley Price Performance

Morgan Stanley stock opened at $92.71 on Wednesday. Morgan Stanley has a 52 week low of $69.42 and a 52 week high of $95.57. The business has a 50-day simple moving average of $87.85 and a 200 day simple moving average of $84.31. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.89. The stock has a market cap of $151.61 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.89 and a beta of 1.43.

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

Morgan Stanley Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on MS. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $91.00 price target (down previously from $102.00) on shares of Morgan Stanley in a research report on Wednesday, January 17th. BMO Capital Markets upped 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. HSBC increased their target price on Morgan Stanley from $96.00 to $100.00 and gave the company a “hold” rating in a research report on Thursday, March 28th. Barclays increased their target price on Morgan Stanley from $102.00 to $116.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Bank of America increased 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. Thirteen investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $94.45.

Check Out Our Latest Research Report on Morgan Stanley

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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