Tyche Wealth Partners LLC acquired a new position in shares of Morgan Stanley (NYSE:MS – Free Report) in the 4th quarter, Holdings Channel reports. The fund acquired 1,769 shares of the financial services provider’s stock, valued at approximately $222,000.
Several other institutional investors have also modified their holdings of MS. DGS Capital Management LLC boosted its position in shares of Morgan Stanley by 1.8% in the 4th quarter. DGS Capital Management LLC now owns 4,408 shares of the financial services provider’s stock worth $554,000 after buying an additional 77 shares in the last quarter. Perfromance Wealth Partners LLC lifted its holdings in Morgan Stanley by 2.7% in the 4th quarter. Perfromance Wealth Partners LLC now owns 3,004 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 78 shares in the last quarter. Kennebec Savings Bank lifted its holdings in Morgan Stanley by 2.9% in the 4th quarter. Kennebec Savings Bank now owns 2,908 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 81 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in Morgan Stanley by 3.3% in the 4th quarter. Sivia Capital Partners LLC now owns 2,748 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 87 shares in the last quarter. Finally, Cardinal Point Capital Management ULC lifted its holdings in Morgan Stanley by 3.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 2,697 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.
Morgan Stanley Stock Up 1.5 %
MS opened at $141.06 on Friday. The firm has a 50 day moving average price of $130.31 and a 200 day moving average price of $116.83. The company has a market cap of $227.26 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.22 and a beta of 1.37. Morgan Stanley has a 1 year low of $83.09 and a 1 year high of $141.48. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80.
Morgan Stanley Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.925 per share. This represents a $3.70 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Friday, January 31st. Morgan Stanley’s dividend payout ratio (DPR) is presently 46.60%.
Insider Buying and Selling
In other Morgan Stanley news, CFO Raja Akram sold 17,500 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $136.01, for a total value of $2,380,175.00. Following the completion of the sale, the chief financial officer now owns 81,440 shares of the company’s stock, valued at $11,076,654.40. This trade represents a 17.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eric F. Grossman sold 13,097 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $136.20, for a total transaction of $1,783,811.40. Following the completion of the sale, the insider now directly owns 197,444 shares of the company’s stock, valued at $26,891,872.80. This trade represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Jefferies Financial Group upped their target price on shares of Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Hsbc Global Res lowered shares of Morgan Stanley from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Bank of America upped their target price on shares of Morgan Stanley from $146.00 to $153.00 and gave the company a “buy” rating in a report on Friday, January 17th. Royal Bank of Canada upped their target price on shares of Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Morgan Stanley from $104.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Morgan Stanley presently has a consensus rating of “Hold” and a consensus price target of $131.27.
Read Our Latest Report on Morgan Stanley
Morgan Stanley Company 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.
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