Morgan Stanley (NYSE:MS) Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI decreased its stake in shares of Morgan Stanley (NYSE:MSFree Report) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,356 shares of the financial services provider’s stock after selling 240 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Morgan Stanley were worth $1,059,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MS. CGC Financial Services LLC grew its holdings in Morgan Stanley by 5,200.0% during the 4th 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. RVW Wealth LLC purchased a new position in shares of Morgan Stanley in the 3rd quarter worth $27,000. Glass Jacobson Investment Advisors llc raised its position in shares of Morgan Stanley by 77.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 328 shares of the financial services provider’s stock worth $27,000 after buying an additional 143 shares during the period. DHJJ Financial Advisors Ltd. acquired a new stake in Morgan Stanley in the 3rd quarter valued at $28,000. Finally, Janiczek Wealth Management LLC grew its stake 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 valued at $28,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on MS shares. Royal Bank of Canada reissued a “sector perform” rating and set a $91.00 target price on shares of Morgan Stanley in a report on Wednesday, March 27th. UBS Group increased their target price on shares of Morgan Stanley from $80.00 to $95.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $87.00 target price (down previously from $94.00) on shares of Morgan Stanley in a research report on Wednesday, January 17th. Bank of America raised their price objective on shares of Morgan Stanley from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, January 4th. Finally, The Goldman Sachs Group raised their price objective 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. Thirteen investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Morgan Stanley presently has a consensus rating of “Hold” and a consensus price target of $94.45.

View Our Latest Stock Analysis on MS

Morgan Stanley Price Performance

NYSE:MS opened at $92.71 on Wednesday. The company has a market capitalization of $151.61 billion, a P/E ratio of 17.93, a P/E/G ratio of 1.91 and a beta of 1.43. The business’s 50-day moving average is $87.85 and its 200 day moving average is $84.31. Morgan Stanley has a 12 month low of $69.42 and a 12 month high of $95.57. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.89.

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

Morgan Stanley Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a dividend of $0.85 per share. The ex-dividend date was Tuesday, January 30th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.67%. Morgan Stanley’s dividend payout ratio (DPR) is 65.76%.

Insiders Place Their Bets

In related news, CFO Raja Akram sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $83.56, for a total transaction of $584,920.00. Following the transaction, the chief financial officer now owns 97,634 shares of the company’s stock, valued at $8,158,297.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman James P. Gorman sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $87.93, for a total value of $4,396,500.00. Following the sale, the chairman now directly owns 400,000 shares in the company, valued at approximately $35,172,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Raja Akram sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $83.56, for a total transaction of $584,920.00. Following the sale, the chief financial officer now owns 97,634 shares in the company, valued at approximately $8,158,297.04. 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. 0.24% of the stock is owned by company insiders.

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.

Further Reading

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

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