Oak Harvest Investment Services Has $11.42 Million Stock Holdings in Morgan Stanley (NYSE:MS)

Oak Harvest Investment Services boosted its holdings in Morgan Stanley (NYSE:MS) by 48.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,257 shares of the financial services provider’s stock after purchasing an additional 39,683 shares during the period. Morgan Stanley comprises about 2.0% of Oak Harvest Investment Services’ portfolio, making the stock its 12th largest holding. Oak Harvest Investment Services’ holdings in Morgan Stanley were worth $11,418,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. raised its stake in Morgan Stanley by 14.7% in the 1st quarter. First Trust Direct Indexing L.P. now owns 31,864 shares of the financial services provider’s stock valued at $3,000,000 after acquiring an additional 4,085 shares during the period. Norden Group LLC grew its stake in shares of Morgan Stanley by 2,355.6% in the first quarter. Norden Group LLC now owns 138,496 shares of the financial services provider’s stock valued at $13,041,000 after acquiring an additional 132,856 shares in the last quarter. BluePath Capital Management LLC increased its position in Morgan Stanley by 28.8% during the first quarter. BluePath Capital Management LLC now owns 5,067 shares of the financial services provider’s stock worth $477,000 after acquiring an additional 1,134 shares during the period. Svenska Handelsbanken AB publ bought a new stake in Morgan Stanley in the 1st quarter valued at about $10,804,000. Finally, Albion Financial Group UT increased its holdings in shares of Morgan Stanley by 3.1% during the first quarter. Albion Financial Group UT now owns 67,681 shares of the financial services provider’s stock worth $6,373,000 after purchasing an additional 2,026 shares during the period. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Morgan Stanley news, insider Charles Aubrey Smith III sold 11,200 shares of Morgan Stanley stock in a transaction dated 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Mandell Crawley sold 6,954 shares of Morgan Stanley stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $99.61, for a total value of $692,687.94. Following the transaction, the insider now owns 46,274 shares in the company, valued at approximately $4,609,353.14. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Charles Aubrey Smith III sold 11,200 shares of the business’s stock in a transaction 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 directly owns 126,190 shares of the company’s stock, valued at $11,368,457.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 118,154 shares of company stock worth $10,722,696. 0.24% of the stock is currently owned by insiders.

Morgan Stanley Stock Performance

MS stock traded up $0.55 during midday trading on Thursday, reaching $100.20. 3,111,960 shares of the company’s stock traded hands, compared to its average volume of 5,510,746. The firm has a market capitalization of $162.84 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 1.22 and a beta of 1.38. The company has a 50-day moving average price of $96.99 and a two-hundred day moving average price of $91.98. Morgan Stanley has a 52 week low of $69.42 and a 52 week high of $103.25. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.77 and a current ratio of 0.77.

Morgan Stanley (NYSE:MS) last posted its earnings results on Tuesday, April 16th. The financial services provider reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.33. Morgan Stanley had a return on equity of 10.88% and a net margin of 9.57%. The business had revenue of $15.14 billion during the quarter, compared to analyst estimates of $14.42 billion. During the same quarter in the previous year, the firm earned $1.70 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts anticipate that Morgan Stanley will post 6.82 EPS for the current year.

Morgan Stanley Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a $0.85 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $3.40 dividend on an annualized basis and a yield of 3.39%. Morgan Stanley’s dividend payout ratio is currently 61.93%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MS shares. Keefe, Bruyette & Woods increased their price target on shares of Morgan Stanley from $94.00 to $98.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 17th. Jefferies Financial Group upped their price objective on Morgan Stanley from $107.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Oppenheimer boosted their target price on Morgan Stanley from $101.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Cfra raised their price target on shares of Morgan Stanley from $97.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, BMO Capital Markets raised their target price on shares of Morgan Stanley from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $98.48.

Morgan Stanley Profile

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.