Whitnell & Co. Has $767,000 Position in Morgan Stanley (MS)

Whitnell & Co. held its position in Morgan Stanley (NYSE:MS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,900 shares of the financial services provider’s stock at the end of the first quarter. Whitnell & Co.’s holdings in Morgan Stanley were worth $767,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barometer Capital Management Inc. raised its position in Morgan Stanley by 32.7% in the first quarter. Barometer Capital Management Inc. now owns 269,000 shares of the financial services provider’s stock worth $11,524,000 after buying an additional 66,300 shares in the last quarter. Patten & Patten Inc. TN raised its position in Morgan Stanley by 1.1% in the first quarter. Patten & Patten Inc. TN now owns 74,316 shares of the financial services provider’s stock worth $3,184,000 after buying an additional 806 shares in the last quarter. DnB Asset Management AS raised its position in Morgan Stanley by 24.1% in the first quarter. DnB Asset Management AS now owns 335,854 shares of the financial services provider’s stock worth $14,388,000 after buying an additional 65,200 shares in the last quarter. Capital Investment Advisors LLC raised its position in Morgan Stanley by 7.1% in the first quarter. Capital Investment Advisors LLC now owns 10,859 shares of the financial services provider’s stock worth $465,000 after buying an additional 724 shares in the last quarter. Finally, Reliance Trust Co. of Delaware purchased a new position in Morgan Stanley during the first quarter worth $268,000. 85.87% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Morgan Stanley (NYSE:MS) opened at 41.80 on Friday. The firm’s 50-day moving average is $42.56 and its 200 day moving average is $42.71. The company has a market capitalization of $77.32 billion, a PE ratio of 12.40 and a beta of 1.80. Morgan Stanley has a 52 week low of $23.11 and a 52 week high of $47.33. Morgan Stanley also saw some unusual options trading activity on Thursday. Stock investors bought 2,771 call options on the stock. This represents an increase of 403% compared to the average daily volume of 551 call options.

Morgan Stanley (NYSE:MS) last issued its earnings results on Wednesday, April 19th. The financial services provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.90 by $0.10. The company had revenue of $9.75 billion during the quarter, compared to analysts’ expectations of $9.29 billion. Morgan Stanley had a net margin of 15.76% and a return on equity of 8.48%. The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 EPS. On average, analysts anticipate that Morgan Stanley will post $3.48 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Thursday, April 27th. Morgan Stanley’s dividend payout ratio is 27.40%.

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A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Thursday. Vetr raised shares of Morgan Stanley from a “sell” rating to a “hold” rating and set a $40.50 target price for the company in a research report on Wednesday. HSBC Holdings plc reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Morgan Stanley in a research report on Tuesday, April 25th. Citigroup Inc upped their price objective on shares of Morgan Stanley from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday, April 25th. Finally, Rafferty Capital Markets reaffirmed a “buy” rating and set a $50.00 price objective on shares of Morgan Stanley in a research report on Saturday, April 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $42.07.

In related news, Chairman James P. Gorman sold 212,365 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $42.93, for a total transaction of $9,116,829.45. Following the completion of the transaction, the chairman now directly owns 1,389,378 shares in the company, valued at approximately $59,645,997.54. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.35% of the stock is owned by corporate insiders.

About Morgan Stanley

Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.

12 Month Chart for NYSE:MS

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