Budros Ruhlin & Roe Inc. Takes Position in Morgan Stanley (NYSE:MS)

Budros Ruhlin & Roe Inc. acquired a new stake in shares of Morgan Stanley (NYSE:MS) in the 1st quarter, HoldingsChannel reports. The fund acquired 2,859 shares of the financial services provider’s stock, valued at approximately $222,000.

Several other large investors have also recently modified their holdings of the company. Alpha DNA Investment Management LLC bought a new position in Morgan Stanley in the fourth quarter worth about $25,000. Joseph P. Lucia & Associates LLC purchased a new stake in Morgan Stanley in the first quarter worth about $25,000. Close Asset Management Ltd purchased a new stake in Morgan Stanley in the first quarter worth about $26,000. Valley Brook Capital Group purchased a new stake in Morgan Stanley in the fourth quarter worth about $27,000. Finally, Total Clarity Wealth Management Inc. purchased a new stake in Morgan Stanley in the first quarter worth about $31,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on the stock. Piper Sandler upped their price objective on shares of Morgan Stanley from $87.00 to $93.00 and gave the stock a “neutral” rating in a report on Tuesday, June 1st. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft increased their price target on shares of Morgan Stanley from $68.00 to $79.00 and gave the company a “hold” rating in a report on Thursday, April 1st. Royal Bank of Canada increased their price target on shares of Morgan Stanley from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Monday, April 19th. Daiwa Capital Markets upgraded shares of Morgan Stanley from a “neutral” rating to an “outperform” rating and set a $86.00 price target on the stock in a report on Tuesday, March 2nd. Finally, Berenberg Bank upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Tuesday, April 27th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Morgan Stanley presently has an average rating of “Buy” and a consensus target price of $81.26.

In related news, insider Daniel A. Simkowitz sold 73,162 shares of the stock in a transaction that occurred on Monday, April 19th. The stock was sold at an average price of $80.06, for a total transaction of $5,857,349.72. Following the completion of the transaction, the insider now directly owns 267,915 shares of the company’s stock, valued at $21,449,274.90. The sale was disclosed in a filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by corporate insiders.

NYSE MS opened at $91.68 on Friday. The company has a market capitalization of $170.58 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 1.98 and a beta of 1.56. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a 50-day simple moving average of $85.07. Morgan Stanley has a twelve month low of $44.44 and a twelve month high of $94.27.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Thursday, April 15th. The financial services provider reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.47. Morgan Stanley had a return on equity of 15.44% and a net margin of 23.73%. The firm had revenue of $15.72 billion during the quarter, compared to analyst estimates of $13.48 billion. During the same quarter in the prior year, the company posted $1.01 earnings per share. The business’s quarterly revenue was up 65.7% compared to the same quarter last year. On average, sell-side analysts forecast that Morgan Stanley will post 6.96 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 14th. Investors of record on Friday, April 30th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Thursday, April 29th. Morgan Stanley’s payout ratio is presently 21.28%.

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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.

Further Reading: Options Trading

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

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