Telemus Capital LLC Has $7.50 Million Stock Holdings in Morgan Stanley (NYSE:MS)

Telemus Capital LLC raised its position in Morgan Stanley (NYSE:MS) by 24.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,439 shares of the financial services provider’s stock after buying an additional 16,002 shares during the quarter. Telemus Capital LLC’s holdings in Morgan Stanley were worth $7,501,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MS. CGC Financial Services LLC grew its holdings in 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 buying an additional 260 shares in the last quarter. Glass Jacobson Investment Advisors llc grew its holdings in Morgan Stanley by 77.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 328 shares of the financial services provider’s stock valued at $27,000 after buying an additional 143 shares in the last quarter. Janiczek Wealth Management LLC grew its holdings 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 buying an additional 300 shares in the last quarter. VisionPoint Advisory Group LLC grew its holdings in Morgan Stanley by 123.2% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 442 shares of the financial services provider’s stock valued at $36,000 after buying an additional 244 shares in the last quarter. Finally, Front Row Advisors LLC grew its holdings in Morgan Stanley by 220.6% in the 3rd quarter. Front Row Advisors LLC now owns 452 shares of the financial services provider’s stock valued at $37,000 after buying an additional 311 shares in the last quarter. 84.19% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley Trading Up 1.6 %

Shares of MS stock opened at $92.10 on Tuesday. The stock has a market cap of $149.81 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 1.72 and a beta of 1.43. The stock has a 50-day moving average of $89.02 and a 200-day moving average of $85.10. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.89. Morgan Stanley has a 1-year low of $69.42 and a 1-year high of $95.57.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.33. Morgan Stanley had a return on equity of 10.87% and a net margin of 9.57%. The company had revenue of $15.14 billion during the quarter, compared to analysts’ expectations of $14.42 billion. During the same quarter in the prior year, the firm posted $1.70 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities research analysts forecast that Morgan Stanley will post 6.77 earnings per share for the current year.

Morgan Stanley Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $3.40 annualized dividend and a yield of 3.69%. Morgan Stanley’s dividend payout ratio is currently 61.93%.

Insider Buying and Selling

In related news, insider Charles Aubrey Smith III sold 11,200 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $90.09, for a total transaction of $1,009,008.00. Following the completion of the sale, the insider now owns 126,190 shares of the company’s stock, valued at $11,368,457.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Charles Aubrey Smith III sold 11,200 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $90.09, for a total transaction of $1,009,008.00. Following the completion of the sale, the insider now owns 126,190 shares in the company, valued at $11,368,457.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Andrew M. Saperstein sold 26,655 shares of Morgan Stanley stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $87.19, for a total value of $2,324,049.45. Following the transaction, the insider now directly owns 286,835 shares in the company, valued at approximately $25,009,143.65. The disclosure for this sale can be found here. Insiders sold 302,355 shares of company stock valued at $26,753,102 over the last 90 days. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $91.00 target price on shares of Morgan Stanley in a report on Wednesday, March 27th. Keefe, Bruyette & Woods increased their target price on Morgan Stanley from $94.00 to $98.00 and gave the stock a “market perform” rating in a report on Wednesday, April 17th. Cfra increased their target price on Morgan Stanley from $97.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. TheStreet raised Morgan Stanley from a “c+” rating to a “b” rating in a report on Wednesday, March 6th. Finally, UBS Group increased their target price on Morgan Stanley from $80.00 to $95.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Morgan Stanley has an average rating of “Hold” and a consensus target price of $98.07.

About Morgan Stanley

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.