Kolinsky Wealth Management LLC Invests $245,000 in Morgan Stanley (NYSE:MS)

Kolinsky Wealth Management LLC acquired a new stake in shares of Morgan Stanley (NYSE:MS) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,952 shares of the financial services provider’s stock, valued at approximately $245,000.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Morgan Stanley during the fourth quarter valued at $1,910,200,000. Capital Research Global Investors increased its holdings in Morgan Stanley by 44.8% in the fourth quarter. Capital Research Global Investors now owns 21,794,873 shares of the financial services provider’s stock valued at $2,740,051,000 after buying an additional 6,744,333 shares during the last quarter. FMR LLC grew its holdings in shares of Morgan Stanley by 11.9% during the fourth quarter. FMR LLC now owns 25,561,560 shares of the financial services provider’s stock worth $3,213,599,000 after purchasing an additional 2,725,335 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Morgan Stanley in the 4th quarter valued at approximately $324,118,000. Finally, Schroder Investment Management Group grew its holdings in Morgan Stanley by 50.8% during the fourth quarter. Schroder Investment Management Group now owns 7,282,156 shares of the financial services provider’s stock worth $915,731,000 after acquiring an additional 2,453,470 shares during the period. 84.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Evercore ISI dropped their target price on Morgan Stanley from $150.00 to $138.00 and set an “outperform” rating for the company in a research note on Tuesday, April 1st. JMP Securities reissued a “market perform” rating on shares of Morgan Stanley in a report on Monday, April 14th. Bank of America decreased their target price on shares of Morgan Stanley from $150.00 to $144.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Wells Fargo & Company cut their price objective on Morgan Stanley from $130.00 to $120.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Finally, The Goldman Sachs Group dropped their target price on Morgan Stanley from $144.00 to $126.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $132.46.

Insider Buying and Selling at Morgan Stanley

In other Morgan Stanley news, insider Eric F. Grossman sold 10,068 shares of the company’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $111.65, for a total transaction of $1,124,092.20. Following the completion of the sale, the insider now owns 199,274 shares in the company, valued at $22,248,942.10. This represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew M. Saperstein sold 40,000 shares of Morgan Stanley stock in a transaction dated 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 sale, the insider now directly owns 335,765 shares of the company’s stock, valued at approximately $40,291,800. This represents a 10.64% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,868 shares of company stock valued at $6,019,548. Insiders own 0.19% of the company’s stock.

Morgan Stanley Stock Performance

NYSE MS opened at $129.06 on Wednesday. The company has a fifty day moving average price of $116.40 and a 200-day moving average price of $125.40. The firm has a market cap of $207.05 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.18 and a beta of 1.30. Morgan Stanley has a 1 year low of $90.94 and a 1 year high of $142.03. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.80 and a quick ratio of 0.80.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 14.39% and a net margin of 12.48%. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the company posted $2.02 EPS. As a group, equities research analysts predict that Morgan Stanley will post 8.56 EPS for the current fiscal year.

Morgan Stanley Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.925 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $3.70 dividend on an annualized basis and a yield of 2.87%. Morgan Stanley’s dividend payout ratio is presently 43.43%.

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.