Tarbox Family Office Inc. Lowers Stock Holdings in Morgan Stanley (NYSE:MS)

Tarbox Family Office Inc. lowered its stake in shares of Morgan Stanley (NYSE:MSGet Rating) by 47.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 502 shares of the financial services provider’s stock after selling 456 shares during the quarter. Tarbox Family Office Inc.’s holdings in Morgan Stanley were worth $44,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC grew its holdings in shares of Morgan Stanley by 61.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 265 shares of the financial services provider’s stock worth $26,000 after buying an additional 101 shares during the last quarter. Maryland Capital Advisors Inc. purchased a new stake in Morgan Stanley in the 4th quarter valued at approximately $29,000. Sageworth Trust Co of South Dakota purchased a new stake in Morgan Stanley in the 4th quarter valued at approximately $29,000. Vienna Asset Management LLC purchased a new stake in Morgan Stanley in the 4th quarter valued at approximately $29,000. Finally, Western Pacific Wealth Management LP purchased a new stake in Morgan Stanley in the 4th quarter valued at approximately $29,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

In other Morgan Stanley news, Director Stephen J. Luczo purchased 25,000 shares of the business’s stock in a transaction on Thursday, May 12th. The stock was bought at an average cost of $79.30 per share, for a total transaction of $1,982,500.00. Following the acquisition, the director now owns 179,449 shares of the company’s stock, valued at approximately $14,230,305.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.

A number of equities research analysts have weighed in on the company. Piper Sandler lowered their price objective on Morgan Stanley from $100.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, July 1st. Royal Bank of Canada lowered their price objective on Morgan Stanley from $97.00 to $80.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 28th. BMO Capital Markets lifted their price objective on Morgan Stanley from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, April 18th. StockNews.com started coverage on shares of Morgan Stanley in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Wells Fargo & Company reduced their price target on shares of Morgan Stanley from $91.00 to $83.00 and set an “equal weight” rating for the company in a research report on Friday, July 1st. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $104.69.

Shares of Morgan Stanley stock opened at $76.11 on Wednesday. The business has a 50 day moving average price of $80.27 and a 200 day moving average price of $89.57. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $133.14 billion, a P/E ratio of 9.68, a P/E/G ratio of 1.32 and a beta of 1.41. Morgan Stanley has a 1 year low of $72.23 and a 1 year high of $109.73.

Morgan Stanley (NYSE:MSGet Rating) last issued its quarterly earnings results on Thursday, April 14th. The financial services provider reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.37. The company had revenue of $14.80 billion during the quarter, compared to the consensus estimate of $14.16 billion. Morgan Stanley had a return on equity of 15.15% and a net margin of 24.21%. Morgan Stanley’s revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.22 EPS. As a group, research analysts expect that Morgan Stanley will post 7.25 EPS for the current fiscal year.

Morgan Stanley announced that its Board of Directors has initiated a stock buyback plan on Monday, June 27th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 14.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Friday, April 29th were issued a $0.70 dividend. The ex-dividend date was Thursday, April 28th. This represents a $2.80 annualized dividend and a yield of 3.68%. Morgan Stanley’s dividend payout ratio (DPR) is presently 35.62%.

Morgan Stanley Company Profile (Get Rating)

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.

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

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