GM Advisory Group LLC Purchases Shares of 5,552 Morgan Stanley (NYSE:MS)

GM Advisory Group LLC acquired a new stake in Morgan Stanley (NYSE:MSFree Report) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 5,552 shares of the financial services provider’s stock, valued at approximately $518,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MS. Institute for Wealth Management LLC. increased its holdings in Morgan Stanley by 3.6% during the fourth quarter. Institute for Wealth Management LLC. now owns 17,578 shares of the financial services provider’s stock worth $1,639,000 after buying an additional 618 shares during the last quarter. Hartford Financial Management Inc. increased its holdings in Morgan Stanley by 17.9% during the fourth quarter. Hartford Financial Management Inc. now owns 917 shares of the financial services provider’s stock worth $86,000 after buying an additional 139 shares during the last quarter. Avior Wealth Management LLC increased its holdings in Morgan Stanley by 2.5% during the fourth quarter. Avior Wealth Management LLC now owns 6,600 shares of the financial services provider’s stock worth $615,000 after buying an additional 163 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Morgan Stanley by 122.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 57,947 shares of the financial services provider’s stock worth $5,404,000 after buying an additional 31,954 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in Morgan Stanley by 2.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,059,376 shares of the financial services provider’s stock worth $98,787,000 after buying an additional 23,991 shares during the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MS shares. Oppenheimer boosted their target price on shares of Morgan Stanley from $101.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Jefferies Financial Group upped their price objective on shares of Morgan Stanley from $107.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Keefe, Bruyette & Woods upped their price objective on shares of Morgan Stanley from $94.00 to $98.00 and gave the company a “market perform” rating in a report on Wednesday, April 17th. JMP Securities reiterated a “market perform” rating on shares of Morgan Stanley in a report on Thursday, April 18th. Finally, Bank of America upped their price objective on shares of Morgan Stanley from $100.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Morgan Stanley currently has a consensus rating of “Hold” and an average price target of $98.30.

View Our Latest Report on Morgan Stanley

Morgan Stanley Price Performance

MS traded up $0.61 on Friday, hitting $97.84. 7,155,514 shares of the stock were exchanged, compared to its average volume of 5,290,790. Morgan Stanley has a 12 month low of $69.42 and a 12 month high of $103.25. The business has a 50-day moving average of $94.49 and a two-hundred day moving average of $89.41. 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 firm has a market capitalization of $159.01 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 1.19 and a beta of 1.41.

Morgan Stanley (NYSE:MSGet Free Report) last issued 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. The firm had revenue of $15.14 billion during the quarter, compared to the consensus estimate of $14.42 billion. Morgan Stanley had a return on equity of 10.88% and a net margin of 9.57%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.70 earnings per share. Sell-side analysts forecast that Morgan Stanley will post 6.83 EPS 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 paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 3.48%. The ex-dividend date was Monday, April 29th. Morgan Stanley’s payout ratio is 61.93%.

Insiders Place Their Bets

In other news, insider Charles Aubrey Smith III sold 11,200 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $90.09, for a total value of $1,009,008.00. Following the completion of the transaction, the insider now owns 126,190 shares of the company’s stock, valued at $11,368,457.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Chairman James P. Gorman sold 100,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chairman now owns 414,870 shares of the company’s stock, valued at $37,425,422.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles Aubrey Smith III sold 11,200 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $90.09, for a total value of $1,009,008.00. Following the completion of the transaction, the insider now directly owns 126,190 shares of the company’s stock, valued at approximately $11,368,457.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,154 shares of company stock valued at $10,722,696. 0.24% of the stock is currently owned by corporate 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.

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

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