Bedel Financial Consulting Inc. boosted its stake in shares of Morgan Stanley (NYSE:MS) by 70.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,194 shares of the financial services provider’s stock after buying an additional 494 shares during the period. Bedel Financial Consulting Inc.’s holdings in Morgan Stanley were worth $41,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of MS. TFO TDC LLC bought a new position in Morgan Stanley during the 4th quarter valued at approximately $25,000. Howard Wealth Management LLC bought a new stake in shares of Morgan Stanley in the 4th quarter worth $31,000. Central Bank & Trust Co. increased its holdings in shares of Morgan Stanley by 163.4% in the 1st quarter. Central Bank & Trust Co. now owns 698 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 433 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Morgan Stanley in the 4th quarter worth $32,000. Finally, Ropes Wealth Advisors LLC increased its holdings in shares of Morgan Stanley by 42.9% in the 1st quarter. Ropes Wealth Advisors LLC now owns 1,000 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 300 shares in the last quarter. 84.79% of the stock is owned by institutional investors.
Shares of Morgan Stanley stock traded down $0.17 during trading hours on Friday, hitting $40.13. The company’s stock had a trading volume of 6,399,532 shares, compared to its average volume of 11,602,032. Morgan Stanley has a 1-year low of $27.20 and a 1-year high of $57.57. The business has a fifty day moving average of $38.36 and a 200 day moving average of $45.91. The company has a market capitalization of $63.50 billion, a PE ratio of 8.34, a P/E/G ratio of 1.12 and a beta of 1.47. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.48.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $1.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by ($0.06). The company had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.82 billion. Morgan Stanley had a return on equity of 10.62% and a net margin of 16.01%. Morgan Stanley’s revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.33 earnings per share. On average, sell-side analysts anticipate that Morgan Stanley will post 3.74 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were given a $0.35 dividend. The ex-dividend date was Wednesday, April 29th. This represents a $1.40 annualized dividend and a yield of 3.49%. Morgan Stanley’s dividend payout ratio is presently 28.11%.
MS has been the subject of a number of research analyst reports. Societe Generale raised Morgan Stanley from a “sell” rating to a “buy” rating in a report on Tuesday, April 14th. Piper Sandler reduced their target price on Morgan Stanley from $59.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, April 3rd. Argus reduced their target price on Morgan Stanley from $64.00 to $48.00 and set a “buy” rating for the company in a report on Friday, April 17th. DA Davidson lifted their price objective on Morgan Stanley from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Finally, Goldman Sachs Group raised Morgan Stanley from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $52.00 to $43.00 in a report on Friday, March 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. Morgan Stanley presently has a consensus rating of “Buy” and an average target price of $47.28.
In related news, Director Stephen J. Luczo purchased 19,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was acquired at an average cost of $38.68 per share, for a total transaction of $734,920.00. Following the completion of the acquisition, the director now owns 193,121 shares in the company, valued at approximately $7,469,920.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen J. Luczo purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $44.97 per share, with a total value of $2,248,500.00. Following the completion of the acquisition, the director now owns 174,121 shares of the company’s stock, valued at approximately $7,830,221.37. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by company insiders.
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.
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