Stolper Co Has $2.08 Million Stock Position in Morgan Stanley (NYSE:MS)

Stolper Co cut its stake in Morgan Stanley (NYSE:MSFree Report) by 9.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,323 shares of the financial services provider’s stock after selling 2,282 shares during the period. Stolper Co’s holdings in Morgan Stanley were worth $2,082,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. CGC Financial Services LLC raised its holdings in shares of Morgan Stanley by 5,200.0% in the fourth 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 during the last quarter. Glass Jacobson Investment Advisors llc grew its holdings in Morgan Stanley by 77.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 328 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 143 shares during the period. RVW Wealth LLC acquired a new stake in Morgan Stanley in the third quarter worth $27,000. Janiczek Wealth Management LLC boosted its position in shares of Morgan Stanley by 810.8% during the third quarter. Janiczek Wealth Management LLC now owns 337 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 300 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. acquired a new position in shares of Morgan Stanley in the 3rd quarter valued at $28,000. Institutional investors own 83.09% of the company’s stock.

Insider Buying and Selling

In other news, Chairman James P. Gorman sold 100,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $87.30, for a total transaction of $8,730,000.00. Following the sale, the chairman now directly owns 350,000 shares in the company, valued at approximately $30,555,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Morgan Stanley news, insider Andrew M. Saperstein sold 26,655 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $87.19, for a total transaction of $2,324,049.45. Following the completion of the sale, the insider now directly owns 286,835 shares of the company’s stock, valued at $25,009,143.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman James P. Gorman sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $87.30, for a total transaction of $8,730,000.00. Following the sale, the chairman now directly owns 350,000 shares in the company, valued at approximately $30,555,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 208,155 shares of company stock worth $18,149,314. Corporate insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MS. Bank of America raised their price target on Morgan Stanley from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $91.00 price target (down previously from $102.00) on shares of Morgan Stanley in a report on Wednesday, January 17th. TheStreet upgraded shares of Morgan Stanley from a “c+” rating to a “b” rating in a report on Wednesday, March 6th. BMO Capital Markets upped their price objective on Morgan Stanley from $106.00 to $107.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 17th. Finally, Barclays upped their price target on Morgan Stanley from $102.00 to $116.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Thirteen equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $93.90.

Get Our Latest Research Report on Morgan Stanley

Morgan Stanley Trading Down 1.6 %

MS opened at $91.95 on Friday. The firm has a market capitalization of $150.36 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.87 and a beta of 1.43. The business has a 50 day simple moving average of $86.99 and a two-hundred day simple moving average of $84.00. Morgan Stanley has a one year low of $69.42 and a one year high of $95.57. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.75 and a quick ratio of 0.75.

Morgan Stanley (NYSE:MSGet Free Report) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.07 by $0.06. The business had revenue of $12.90 billion for the quarter, compared to analyst estimates of $12.77 billion. Morgan Stanley had a net margin of 9.49% and a return on equity of 10.36%. Morgan Stanley’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 earnings per share. Analysts predict that Morgan Stanley will post 6.33 EPS for the current year.

Morgan Stanley Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend was Tuesday, January 30th. Morgan Stanley’s dividend payout ratio (DPR) is presently 65.76%.

Morgan Stanley Profile

(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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