HighPoint Advisor Group LLC Makes New Investment in Morgan Stanley (NYSE:MS)

HighPoint Advisor Group LLC purchased a new position in Morgan Stanley (NYSE:MSFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 36,794 shares of the financial services provider’s stock, valued at approximately $3,353,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Exencial Wealth Advisors LLC boosted its holdings in shares of Morgan Stanley by 3.1% in the fourth quarter. Exencial Wealth Advisors LLC now owns 4,024 shares of the financial services provider’s stock worth $375,000 after buying an additional 122 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in shares of Morgan Stanley by 4.1% in the fourth quarter. Pinebridge Investments L.P. now owns 3,134 shares of the financial services provider’s stock worth $292,000 after buying an additional 124 shares during the last quarter. M&R Capital Management Inc. boosted its holdings in shares of Morgan Stanley by 6.7% in the fourth quarter. M&R Capital Management Inc. now owns 2,020 shares of the financial services provider’s stock worth $188,000 after buying an additional 126 shares during the last quarter. United Community Bank boosted its holdings in shares of Morgan Stanley by 6.8% in the fourth quarter. United Community Bank now owns 1,985 shares of the financial services provider’s stock worth $185,000 after buying an additional 127 shares during the last quarter. Finally, Regal Investment Advisors LLC boosted its holdings in shares of Morgan Stanley by 3.3% in the fourth quarter. Regal Investment Advisors LLC now owns 4,008 shares of the financial services provider’s stock worth $374,000 after buying an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Morgan Stanley Trading Up 0.5 %

NYSE MS traded up $0.44 on Tuesday, hitting $97.48. 295,732 shares of the stock were exchanged, compared to its average volume of 7,619,304. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a fifty day moving average price of $95.26 and a two-hundred day moving average price of $90.84. The firm has a market capitalization of $158.42 billion, a P/E ratio of 17.68, a P/E/G ratio of 1.17 and a beta of 1.38. Morgan Stanley has a 52-week low of $69.42 and a 52-week high of $103.25.

Morgan Stanley (NYSE:MSGet Free Report) last issued its earnings results on Tuesday, April 16th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.33. The firm had revenue of $15.14 billion during the quarter, compared to analyst estimates of $14.42 billion. Morgan Stanley had a net margin of 9.57% and a return on equity of 10.88%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.70 earnings per share. Research analysts forecast that Morgan Stanley will post 6.83 EPS for the current fiscal year.

Morgan Stanley Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date was Monday, April 29th. Morgan Stanley’s dividend payout ratio is currently 61.93%.

Analyst Ratings Changes

MS has been the topic of a number of research reports. Oppenheimer raised their price objective 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. Evercore ISI raised their target price on shares of Morgan Stanley from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. BMO Capital Markets raised their target price on shares of Morgan Stanley from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Jefferies Financial Group raised their target price on shares of Morgan Stanley from $107.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, JMP Securities reiterated a “market perform” rating on shares of Morgan Stanley in a research report on Thursday, April 18th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Morgan Stanley currently has an average rating of “Hold” and a consensus target price of $98.30.

Get Our Latest Report on Morgan Stanley

Insider Activity

In other news, Chairman James P. Gorman sold 100,000 shares of the business’s stock in a transaction on 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 directly owns 414,870 shares of the company’s stock, valued at $37,425,422.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Mandell Crawley sold 6,954 shares of Morgan Stanley stock in a transaction dated Tuesday, May 14th. The stock was 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 directly owns 46,274 shares in the company, valued at $4,609,353.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman James P. Gorman sold 100,000 shares of Morgan Stanley stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $90.21, for a total value 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 $37,425,422.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,154 shares of company stock valued at $10,722,696. 0.24% of the stock is currently 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.

See Also

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

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