Grove Bank & Trust Boosts Position in Morgan Stanley (NYSE:MS)

Grove Bank & Trust boosted its position in shares of Morgan Stanley (NYSE:MSFree Report) by 173.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,342 shares of the financial services provider’s stock after purchasing an additional 4,019 shares during the quarter. Grove Bank & Trust’s holdings in Morgan Stanley were worth $591,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CGC Financial Services LLC lifted its position in Morgan Stanley by 5,200.0% during the fourth quarter. CGC Financial Services LLC now owns 265 shares of the financial services provider’s stock worth $25,000 after buying an additional 260 shares during the period. Glass Jacobson Investment Advisors llc lifted its position in 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 buying an additional 143 shares during the period. RVW Wealth LLC purchased a new position in Morgan Stanley during the third quarter worth about $27,000. Janiczek Wealth Management LLC lifted its position in Morgan Stanley by 810.8% during the third quarter. Janiczek Wealth Management LLC now owns 337 shares of the financial services provider’s stock worth $28,000 after buying an additional 300 shares during the period. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in Morgan Stanley during the third quarter worth about $28,000. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MS has been the subject of several research analyst reports. TheStreet upgraded Morgan Stanley from a “c+” rating to a “b” rating in a research note on Wednesday, March 6th. Oppenheimer lowered their target price on Morgan Stanley from $109.00 to $97.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. Keefe, Bruyette & Woods increased their target price on Morgan Stanley from $91.00 to $94.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Evercore ISI increased their target price on Morgan Stanley from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Finally, The Goldman Sachs Group increased their target price on Morgan Stanley from $89.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Thirteen investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $95.48.

Read Our Latest Stock Analysis on MS

Morgan Stanley Trading Up 3.2 %

Shares of NYSE MS opened at $88.95 on Monday. The company has a market cap of $144.69 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.74 and a beta of 1.43. Morgan Stanley has a 12-month low of $69.42 and a 12-month high of $95.57. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.89. The stock’s 50 day simple moving average is $88.57 and its 200 day simple moving average is $84.69.

Morgan Stanley (NYSE:MSGet Free Report) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.13 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $12.77 billion. During the same period last year, the firm earned $1.31 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. Equities research analysts expect that Morgan Stanley will post 6.36 EPS for the current year.

Morgan Stanley Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Tuesday, January 30th. Morgan Stanley’s dividend payout ratio (DPR) is presently 65.76%.

Insider Activity

In other news, CFO Raja Akram sold 7,000 shares of Morgan Stanley stock in a transaction on Thursday, January 18th. The stock was 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 in the company, valued at approximately $8,158,297.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Andrew M. Saperstein sold 10,000 shares of Morgan Stanley stock in a transaction on Friday, January 19th. The stock was sold at an average price of $84.13, for a total value of $841,300.00. Following the transaction, the insider now directly owns 323,490 shares in the company, valued at approximately $27,215,213.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Raja Akram sold 7,000 shares of Morgan Stanley stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $83.56, for a total value of $584,920.00. Following the completion of the transaction, the chief financial officer now owns 97,634 shares in the company, valued at $8,158,297.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 208,155 shares of company stock worth $18,149,314. 0.24% of the stock is owned by company insiders.

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.

Further Reading

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:MSFree Report).

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

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