MV Capital Management Inc. Has $98,000 Position in Morgan Stanley (NYSE:MS)

MV Capital Management Inc. cut its holdings in Morgan Stanley (NYSE:MS) by 13.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,038 shares of the financial services provider’s stock after selling 166 shares during the quarter. MV Capital Management Inc.’s holdings in Morgan Stanley were worth $98,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Institute for Wealth Management LLC. raised its stake in shares of Morgan Stanley by 3.6% in the fourth quarter. Institute for Wealth Management LLC. now owns 17,578 shares of the financial services provider’s stock worth $1,639,000 after acquiring an additional 618 shares during the last quarter. Atalanta Sosnoff Capital LLC raised its position in Morgan Stanley by 8.1% in the 4th quarter. Atalanta Sosnoff Capital LLC now owns 373,686 shares of the financial services provider’s stock worth $34,846,000 after purchasing an additional 27,845 shares during the last quarter. Hartford Financial Management Inc. lifted its holdings in Morgan Stanley by 17.9% during the 4th quarter. Hartford Financial Management Inc. now owns 917 shares of the financial services provider’s stock worth $86,000 after buying an additional 139 shares in the last quarter. Evercore Wealth Management LLC boosted its position in Morgan Stanley by 4.0% in the 4th quarter. Evercore Wealth Management LLC now owns 1,274,605 shares of the financial services provider’s stock valued at $118,857,000 after buying an additional 48,812 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its position in Morgan Stanley by 2.5% in the 4th quarter. Avior Wealth Management LLC now owns 6,600 shares of the financial services provider’s stock valued at $615,000 after buying an additional 163 shares during the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MS has been the subject of a number of recent research reports. Bank of America boosted their target price on Morgan Stanley from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Evercore ISI upped their target price on shares of Morgan Stanley from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. BMO Capital Markets lifted their price target on shares of Morgan Stanley from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. TheStreet upgraded shares of Morgan Stanley from a “c+” rating to a “b” rating in a report on Wednesday, March 6th. Finally, Oppenheimer raised their price objective on shares of Morgan Stanley from $101.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Morgan Stanley presently has a consensus rating of “Hold” and a consensus target price of $98.30.

Morgan Stanley Trading Up 0.5 %

NYSE MS opened at $99.65 on Wednesday. Morgan Stanley has a one year low of $69.42 and a one year high of $103.25. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $161.95 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.19 and a beta of 1.38. The stock’s 50-day moving average is $96.75 and its 200-day moving average is $91.86.

Morgan Stanley (NYSE:MS) last announced its earnings results on Tuesday, April 16th. The financial services provider reported $2.02 EPS for the quarter, topping the consensus estimate of $1.69 by $0.33. The firm had revenue of $15.14 billion for the quarter, compared to the consensus estimate of $14.42 billion. Morgan Stanley had a net margin of 9.57% and a return on equity of 10.88%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted $1.70 EPS. Sell-side analysts anticipate that Morgan Stanley will post 6.8 earnings per share for the current fiscal year.

Morgan Stanley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were given a $0.85 dividend. The ex-dividend date was Monday, April 29th. This represents a $3.40 annualized dividend and a yield of 3.41%. Morgan Stanley’s dividend payout ratio is currently 61.93%.

Insider Buying and Selling

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 value of $1,009,008.00. Following the sale, the insider now owns 126,190 shares of the company’s stock, valued at approximately $11,368,457.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Mandell Crawley sold 6,954 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $99.61, for a total transaction of $692,687.94. Following the completion of the transaction, the insider now owns 46,274 shares in the company, valued at $4,609,353.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles Aubrey Smith III sold 11,200 shares of Morgan Stanley stock in a transaction on Wednesday, April 17th. The shares were 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 118,154 shares of company stock valued at $10,722,696. Company insiders own 0.24% of the company’s stock.

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.