Morgan Stanley (NYSE:MS) Shares Sold by Adirondack Trust Co.

Adirondack Trust Co. trimmed its position in Morgan Stanley (NYSE:MSFree Report) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,532 shares of the financial services provider’s stock after selling 160 shares during the quarter. Adirondack Trust Co.’s holdings in Morgan Stanley were worth $476,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MS. Norges Bank acquired a new stake in shares of Morgan Stanley in the 4th quarter valued at $958,105,000. Wellington Management Group LLP raised its holdings in shares of Morgan Stanley by 17.2% in the 4th quarter. Wellington Management Group LLP now owns 38,451,051 shares of the financial services provider’s stock valued at $3,585,561,000 after purchasing an additional 5,631,435 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Morgan Stanley in the 4th quarter valued at $512,867,000. FMR LLC raised its holdings in shares of Morgan Stanley by 21.2% in the 3rd quarter. FMR LLC now owns 23,474,452 shares of the financial services provider’s stock valued at $1,917,159,000 after purchasing an additional 4,098,577 shares in the last quarter. Finally, Capital International Investors raised its holdings in shares of Morgan Stanley by 8.2% in the 4th quarter. Capital International Investors now owns 24,499,542 shares of the financial services provider’s stock valued at $2,284,674,000 after purchasing an additional 1,865,645 shares in the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Morgan Stanley Stock Performance

Shares of MS stock traded up $0.09 during mid-day trading on Tuesday, hitting $97.13. The stock had a trading volume of 814,959 shares, compared to its average volume of 7,624,581. Morgan Stanley has a fifty-two week low of $69.42 and a fifty-two week high of $103.25. The firm has a market cap of $157.85 billion, a PE ratio of 17.68, a PEG ratio of 1.17 and a beta of 1.38. 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 company’s 50-day simple moving average is $95.26 and its 200-day simple moving average is $90.84.

Morgan Stanley (NYSE:MSGet Free Report) last released 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. Morgan Stanley had a net margin of 9.57% and a return on equity of 10.88%. The company had revenue of $15.14 billion during the quarter, compared to analysts’ expectations of $14.42 billion. During the same quarter last year, the business earned $1.70 EPS. The business’s revenue was up 4.3% on a year-over-year basis. Sell-side analysts anticipate that Morgan Stanley will post 6.83 earnings per share for the current 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 paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Monday, April 29th. Morgan Stanley’s dividend payout ratio (DPR) is 61.93%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Evercore ISI increased 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. Cfra increased their target price on shares of Morgan Stanley from $97.00 to $108.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. TheStreet raised shares of Morgan Stanley from a “c+” rating to a “b” rating in a research report on Wednesday, March 6th. BMO Capital Markets increased their target price on shares of Morgan Stanley from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Morgan Stanley from $94.00 to $98.00 and gave the company a “market perform” rating in a research report on Wednesday, April 17th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $98.30.

Read Our Latest Stock Analysis on MS

Insider Activity at Morgan Stanley

In related news, insider Mandell Crawley sold 6,954 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $99.61, for a total value of $692,687.94. Following the completion of the sale, the insider now owns 46,274 shares in the company, valued at $4,609,353.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Mandell Crawley sold 6,954 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $99.61, for a total value of $692,687.94. Following the completion of the sale, the insider now owns 46,274 shares in the company, valued at $4,609,353.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman James P. Gorman sold 100,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $90.21, for a total transaction of $9,021,000.00. Following the completion of the sale, the chairman now owns 414,870 shares of the company’s stock, valued at approximately $37,425,422.70. The disclosure for this sale can be found here. Insiders sold 118,154 shares of company stock worth $10,722,696 over the last 90 days. Company insiders own 0.24% of the company’s stock.

Morgan Stanley Company 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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