AlTi Global Inc. Has $1.89 Million Stake in Morgan Stanley (NYSE:MS)

AlTi Global Inc. boosted its holdings in Morgan Stanley (NYSE:MS) by 14.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,739 shares of the financial services provider’s stock after purchasing an additional 1,779 shares during the quarter. AlTi Global Inc.’s holdings in Morgan Stanley were worth $1,886,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in Morgan Stanley by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,711,805 shares of the financial services provider’s stock worth $491,159,000 after purchasing an additional 36,120 shares in the last quarter. World Investment Advisors LLC grew its holdings in Morgan Stanley by 45.0% during the third quarter. World Investment Advisors LLC now owns 15,063 shares of the financial services provider’s stock worth $1,570,000 after buying an additional 4,674 shares in the last quarter. Franklin Resources Inc. lifted its stake in Morgan Stanley by 75.2% during the 3rd quarter. Franklin Resources Inc. now owns 7,850,848 shares of the financial services provider’s stock valued at $881,493,000 after acquiring an additional 3,369,520 shares in the last quarter. Modus Advisors LLC purchased a new position in Morgan Stanley during the 4th quarter worth $61,000. Finally, CWA Asset Management Group LLC grew its stake in shares of Morgan Stanley by 7.1% in the 4th quarter. CWA Asset Management Group LLC now owns 5,244 shares of the financial services provider’s stock worth $659,000 after acquiring an additional 346 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Morgan Stanley from $125.00 to $122.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group reduced their target price on Morgan Stanley from $144.00 to $126.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Barclays boosted their price objective on Morgan Stanley from $155.00 to $156.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. UBS Group raised their target price on Morgan Stanley from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods increased their price target on shares of Morgan Stanley from $138.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, January 17th. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $132.46.

Insider Activity

In other news, Director Robert H. Herz sold 800 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $119.32, for a total value of $95,456.00. Following the completion of the transaction, the director now directly owns 96,760 shares in the company, valued at approximately $11,545,403.20. This represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew M. Saperstein sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $120.00, for a total value of $4,800,000.00. Following the completion of the sale, the insider now owns 335,765 shares of the company’s stock, valued at $40,291,800. The trade was a 10.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,868 shares of company stock worth $6,019,548. 0.19% of the stock is currently owned by insiders.

Morgan Stanley Trading Up 3.0 %

Shares of Morgan Stanley stock opened at $120.23 on Friday. The company’s 50-day moving average price is $115.25 and its 200-day moving average price is $124.77. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.14. Morgan Stanley has a 12-month low of $90.94 and a 12-month high of $142.03. The company has a market cap of $193.91 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 1.18 and a beta of 1.30.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Friday, April 11th. The financial services provider reported $2.60 EPS for the quarter, beating the consensus estimate of $2.21 by $0.39. The firm had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $16.81 billion. Morgan Stanley had a net margin of 12.48% and a return on equity of 14.39%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the firm earned $2.02 EPS. On average, equities analysts expect that Morgan Stanley will post 8.56 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a $0.925 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $3.70 dividend on an annualized basis and a yield of 3.08%. Morgan Stanley’s dividend payout ratio is currently 43.43%.

Morgan Stanley Profile

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.