Coastal Investment Advisors Inc. increased its position in Morgan Stanley (NYSE:MS – Get Rating) by 8.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,875 shares of the financial services provider’s stock after buying an additional 298 shares during the period. Coastal Investment Advisors Inc.’s holdings in Morgan Stanley were worth $339,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Private Trust Co. NA lifted its position in shares of Morgan Stanley by 15.5% in the first quarter. Private Trust Co. NA now owns 9,584 shares of the financial services provider’s stock worth $838,000 after buying an additional 1,283 shares in the last quarter. Wealth Advisors of Iowa LLC purchased a new stake in Morgan Stanley during the fourth quarter valued at approximately $270,000. O ROURKE & COMPANY Inc purchased a new stake in Morgan Stanley during the fourth quarter valued at approximately $297,000. Telos Capital Management Inc. raised its position in Morgan Stanley by 1.6% during the fourth quarter. Telos Capital Management Inc. now owns 132,277 shares of the financial services provider’s stock valued at $12,984,000 after purchasing an additional 2,107 shares during the period. Finally, Transcend Wealth Collective LLC raised its position in Morgan Stanley by 11.7% during the fourth quarter. Transcend Wealth Collective LLC now owns 48,116 shares of the financial services provider’s stock valued at $4,723,000 after purchasing an additional 5,038 shares during the period. Institutional investors own 85.02% of the company’s stock.
Shares of NYSE MS opened at $77.82 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $136.13 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 1.26 and a beta of 1.41. The stock’s fifty day simple moving average is $81.62 and its two-hundred day simple moving average is $90.64. Morgan Stanley has a 12-month low of $72.23 and a 12-month high of $109.73.
Morgan Stanley (NYSE:MS – Get Rating) last announced its earnings results on Thursday, April 14th. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.37. The business had revenue of $14.80 billion for the quarter, compared to analysts’ expectations of $14.16 billion. Morgan Stanley had a return on equity of 15.15% and a net margin of 24.21%. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.22 EPS. On average, equities analysts predict that Morgan Stanley will post 7.31 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Friday, April 29th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, April 28th. This represents a $2.80 annualized dividend and a yield of 3.60%. Morgan Stanley’s dividend payout ratio (DPR) is presently 35.62%.
MS has been the topic of several recent analyst reports. Piper Sandler reduced their price target on Morgan Stanley from $112.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, April 5th. StockNews.com initiated coverage on Morgan Stanley in a report on Thursday, March 31st. They issued a “hold” rating on the stock. The Goldman Sachs Group set a $105.00 price target on Morgan Stanley in a report on Wednesday, April 20th. Wells Fargo & Company reduced their price target on Morgan Stanley from $104.00 to $94.00 and set an “equal weight” rating on the stock in a report on Monday, April 4th. Finally, BMO Capital Markets increased their price target on Morgan Stanley from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, April 18th. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Morgan Stanley presently has an average rating of “Hold” and an average target price of $108.50.
In other Morgan Stanley news, Director Stephen J. Luczo acquired 25,000 shares of the stock in a transaction dated Thursday, May 12th. The stock was purchased at an average price of $79.30 per share, with a total value of $1,982,500.00. Following the transaction, the director now directly owns 179,449 shares of the company’s stock, valued at $14,230,305.70. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by company insiders.
Morgan Stanley Profile (Get Rating)
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.
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Source: defenseworld.net
