Morgan Stanley (NYSE:MS) Shares Bought by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc boosted its position in shares of Morgan Stanley (NYSE:MSFree Report) by 21.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,361 shares of the financial services provider’s stock after buying an additional 600 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Morgan Stanley were worth $313,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MS. CGC Financial Services LLC grew its position 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 purchasing an additional 260 shares during the period. RVW Wealth LLC acquired a new stake in shares of Morgan Stanley in the third quarter valued at about $27,000. Glass Jacobson Investment Advisors llc grew its position in shares of Morgan Stanley by 77.3% in 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. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Morgan Stanley in the third quarter valued at about $28,000. Finally, Janiczek Wealth Management LLC grew its position in shares of Morgan Stanley by 810.8% in the third quarter. Janiczek Wealth Management LLC now owns 337 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Morgan Stanley Price Performance

Morgan Stanley stock opened at $93.00 on Thursday. The company’s 50 day simple moving average is $87.97 and its 200-day simple moving average is $84.34. The company has a market capitalization of $152.08 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.89 and a beta of 1.43. Morgan Stanley has a 1 year low of $69.42 and a 1 year high of $95.57. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.75 and a current ratio of 0.75.

Morgan Stanley (NYSE:MSGet Free Report) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.06. The business had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.77 billion. Morgan Stanley had a net margin of 9.49% and a return on equity of 10.36%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 EPS. As a group, equities research analysts expect that Morgan Stanley will post 6.35 earnings per share for the current year.

Morgan Stanley Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date was Tuesday, January 30th. Morgan Stanley’s dividend payout ratio (DPR) is 65.76%.

Insider Activity at Morgan Stanley

In related news, CFO Raja Akram sold 7,000 shares of Morgan Stanley stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 97,634 shares in the company, valued at $8,158,297.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Raja Akram sold 7,000 shares of Morgan Stanley stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 97,634 shares in the company, valued at $8,158,297.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman James P. Gorman sold 100,000 shares of Morgan Stanley stock in a transaction that occurred on 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 completion of the transaction, the chairman now owns 350,000 shares of the company’s stock, valued at approximately $30,555,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 208,155 shares of company stock worth $18,149,314. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on MS shares. The Goldman Sachs Group lifted their target price on shares of Morgan Stanley from $89.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. BMO Capital Markets raised their price target on shares of Morgan Stanley from $106.00 to $107.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $87.00 price target (down from $94.00) on shares of Morgan Stanley in a research note on Wednesday, January 17th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $91.00 price target (down from $102.00) on shares of Morgan Stanley in a research note on Wednesday, January 17th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $91.00 price target on shares of Morgan Stanley in a research note on Wednesday, March 27th. Twelve research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $95.01.

View Our Latest Report on MS

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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