Beta Wealth Group Inc. Raises Stock Holdings in Morgan Stanley (NYSE:MS)

Beta Wealth Group Inc. increased its stake in shares of Morgan Stanley (NYSE:MSFree Report) by 13.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,710 shares of the financial services provider’s stock after purchasing an additional 806 shares during the quarter. Beta Wealth Group Inc.’s holdings in Morgan Stanley were worth $626,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. CGC Financial Services LLC raised its stake in 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 buying an additional 260 shares during the last quarter. Glass Jacobson Investment Advisors llc raised its stake in 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 buying an additional 143 shares during the last quarter. First United Bank & Trust purchased a new stake in Morgan Stanley in the fourth quarter valued at about $34,000. VisionPoint Advisory Group LLC raised its stake in Morgan Stanley by 123.2% in the third quarter. VisionPoint Advisory Group LLC now owns 442 shares of the financial services provider’s stock valued at $36,000 after buying an additional 244 shares during the last quarter. Finally, Union Savings Bank raised its stake in Morgan Stanley by 62.5% in the fourth quarter. Union Savings Bank now owns 390 shares of the financial services provider’s stock valued at $36,000 after buying an additional 150 shares during the last quarter. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Morgan Stanley

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MS shares. HSBC raised their price objective on Morgan Stanley from $100.00 to $102.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Evercore ISI raised their price objective on Morgan Stanley from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Oppenheimer raised their target price on Morgan Stanley from $101.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Keefe, Bruyette & Woods raised their target price on Morgan Stanley from $94.00 to $98.00 and gave the stock a “market perform” rating in a report on Wednesday, April 17th. Finally, Cfra raised their target price on Morgan Stanley from $97.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $98.30.

Check Out Our Latest Stock Report on Morgan Stanley

Morgan Stanley Trading Up 0.1 %

Morgan Stanley stock traded up $0.05 during trading on Friday, reaching $98.97. 3,550,530 shares of the company were exchanged, compared to its average volume of 5,577,264. Morgan Stanley has a 52-week low of $69.42 and a 52-week high of $103.25. The company has a market capitalization of $160.84 billion, a P/E ratio of 18.03, a PEG ratio of 1.21 and a beta of 1.41. 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 stock’s 50 day simple moving average is $93.75 and its two-hundred day simple moving average is $88.72.

Morgan Stanley (NYSE:MSGet Free Report) last announced its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.33. Morgan Stanley had a return on equity of 10.88% and a net margin of 9.57%. The firm had revenue of $15.14 billion for the quarter, compared to the consensus estimate of $14.42 billion. During the same quarter last year, the business posted $1.70 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts expect that Morgan Stanley will post 6.83 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a $0.85 dividend. The ex-dividend date was Monday, April 29th. This represents a $3.40 dividend on an annualized basis and a yield of 3.44%. Morgan Stanley’s dividend payout ratio is currently 61.93%.

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.

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

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