Wealth Alliance Sells 553 Shares of Morgan Stanley (NYSE:MS)

Wealth Alliance decreased its position in Morgan Stanley (NYSE:MSFree Report) by 12.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,036 shares of the financial services provider’s stock after selling 553 shares during the period. Wealth Alliance’s holdings in Morgan Stanley were worth $330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RVW Wealth LLC purchased a new stake in shares of Morgan Stanley in the 3rd quarter valued at $27,000. Glass Jacobson Investment Advisors llc boosted its holdings in shares of 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 acquiring an additional 143 shares during the last quarter. DHJJ Financial Advisors Ltd. purchased a new stake in shares of Morgan Stanley in the 3rd quarter valued at $28,000. Janiczek Wealth Management LLC boosted its holdings in shares of 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 acquiring an additional 300 shares during the last quarter. Finally, West Branch Capital LLC purchased a new stake in shares of Morgan Stanley in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 83.09% of the company’s stock.

Morgan Stanley Price Performance

Shares of NYSE MS opened at $85.89 on Monday. The firm has a 50-day simple moving average of $88.31 and a 200-day simple moving average of $83.89. The stock has a market capitalization of $140.97 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.74 and a beta of 1.44. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.70. Morgan Stanley has a 52 week low of $69.42 and a 52 week high of $100.99.

Morgan Stanley (NYSE:MSGet Free Report) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.06. The business had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.77 billion. Morgan Stanley had a net margin of 9.49% and a return on equity of 10.33%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.31 earnings per share. On average, equities analysts predict that Morgan Stanley will post 6.36 earnings per share for the current fiscal year.

Morgan Stanley Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Tuesday, January 30th. Morgan Stanley’s dividend payout ratio (DPR) is 65.76%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. The Goldman Sachs Group upped their price objective on shares of Morgan Stanley from $89.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. HSBC downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating and set a $96.00 price target on the stock. in a report on Tuesday, January 9th. BMO Capital Markets increased their price target on shares of Morgan Stanley from $106.00 to $107.00 and gave the stock an “outperform” rating in a report on Wednesday, January 17th. Royal Bank of Canada reissued a “sector perform” rating and set a $85.00 price target on shares of Morgan Stanley in a report on Thursday, December 21st. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $91.00 price target (down from $102.00) on shares of Morgan Stanley in a report on Wednesday, January 17th. Thirteen investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $94.56.

View Our Latest Stock Analysis on MS

Insider Activity

In related news, CFO Raja Akram sold 7,000 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $83.56, for a total value of $584,920.00. Following the completion of the sale, the chief financial officer now owns 97,634 shares of the company’s stock, valued at $8,158,297.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Morgan Stanley news, insider Andrew M. Saperstein sold 10,000 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $87.92, for a total transaction of $879,200.00. Following the completion of the transaction, the insider now owns 313,490 shares of the company’s stock, valued at $27,562,040.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Raja Akram sold 7,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $8,158,297.04. The disclosure for this sale can be found here. Insiders sold 81,500 shares of company stock worth $7,095,265 over the last three months. Insiders own 0.24% of the company’s stock.

About Morgan Stanley

(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.

See Also

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

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