Emory University grew its position in shares of Morgan Stanley (NYSE:MS) by 7.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,964 shares of the financial services provider’s stock after purchasing an additional 3,221 shares during the period. Emory University’s holdings in Morgan Stanley were worth $1,940,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in MS. Nalls Sherbakoff Group LLC purchased a new position in Morgan Stanley in the fourth quarter valued at approximately $28,000. Liberty Wealth Management LLC purchased a new position in Morgan Stanley in the fourth quarter valued at approximately $29,000. CWM LLC raised its holdings in Morgan Stanley by 72.6% in the fourth quarter. CWM LLC now owns 799 shares of the financial services provider’s stock valued at $32,000 after buying an additional 336 shares during the period. Destination Wealth Management raised its holdings in Morgan Stanley by 38.7% in the first quarter. Destination Wealth Management now owns 771 shares of the financial services provider’s stock valued at $33,000 after buying an additional 215 shares during the period. Finally, San Francisco Sentry Investment Group CA raised its holdings in Morgan Stanley by 63.7% in the fourth quarter. San Francisco Sentry Investment Group CA now owns 1,002 shares of the financial services provider’s stock valued at $39,000 after buying an additional 390 shares during the period. 83.86% of the stock is currently owned by institutional investors.
In other news, CFO Paul C. Wirth sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $42.40, for a total transaction of $1,060,000.00. Following the completion of the transaction, the chief financial officer now owns 169,031 shares of the company’s stock, valued at $7,166,914.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel A. Simkowitz purchased 7,000 shares of Morgan Stanley stock in a transaction dated Thursday, April 18th. The shares were purchased at an average cost of $47.57 per share, with a total value of $332,990.00. Following the acquisition, the insider now owns 193,089 shares of the company’s stock, valued at approximately $9,185,243.73. The disclosure for this purchase can be found here. Insiders own 0.23% of the company’s stock.
Several research analysts recently commented on MS shares. Societe Generale lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Friday, February 1st. ValuEngine lowered shares of Morgan Stanley from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 23rd. Credit Suisse Group reiterated a “buy” rating and set a $56.00 price objective on shares of Morgan Stanley in a research note on Wednesday, February 20th. HSBC set a $48.00 price objective on shares of Morgan Stanley and gave the company a “neutral” rating in a research note on Thursday, April 4th. Finally, Zacks Investment Research lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. Morgan Stanley currently has a consensus rating of “Hold” and an average price target of $56.24.
Shares of NYSE:MS opened at $42.96 on Monday. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $72.27 billion, a P/E ratio of 9.32, a P/E/G ratio of 1.00 and a beta of 1.24. Morgan Stanley has a 12-month low of $36.74 and a 12-month high of $53.83.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.16. The business had revenue of $10.29 billion during the quarter, compared to analyst estimates of $9.96 billion. Morgan Stanley had a net margin of 16.75% and a return on equity of 11.45%. The business’s revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 earnings per share. Equities research analysts predict that Morgan Stanley will post 4.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Monday, April 29th. Morgan Stanley’s dividend payout ratio (DPR) is 26.03%.
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Morgan Stanley Company 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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.
Further Reading: What is a good rate of return for a mutual fund?
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