Morgan Stanley $MS Holdings Decreased by Sculati Wealth Management LLC

Sculati Wealth Management LLC trimmed its stake in shares of Morgan Stanley (NYSE:MS) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,172 shares of the financial services provider’s stock after selling 564 shares during the quarter. Morgan Stanley comprises 1.6% of Sculati Wealth Management LLC’s holdings, making the stock its 15th biggest position. Sculati Wealth Management LLC’s holdings in Morgan Stanley were worth $4,391,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Princeton Global Asset Management LLC boosted its position in shares of Morgan Stanley by 645.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 155 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in Morgan Stanley by 111.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 211 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 111 shares during the period. Compass Financial Services Inc purchased a new position in shares of Morgan Stanley during the second quarter valued at $32,000. RMG Wealth Management LLC purchased a new position in Morgan Stanley during the 2nd quarter valued at about $35,000. Finally, Abound Wealth Management increased its stake in Morgan Stanley by 58.5% in the 2nd quarter. Abound Wealth Management now owns 252 shares of the financial services provider’s stock valued at $35,000 after buying an additional 93 shares during the period. Institutional investors own 84.19% of the company’s stock.

Insider Transactions at Morgan Stanley

In other Morgan Stanley news, CEO Edward Pick sold 100,000 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $164.34, for a total value of $16,434,000.00. Following the transaction, the chief executive officer directly owned 574,986 shares in the company, valued at $94,493,199.24. The trade was a 14.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is owned by corporate insiders.

Morgan Stanley Price Performance

Morgan Stanley stock opened at $163.75 on Friday. The business has a 50 day simple moving average of $159.79 and a 200 day simple moving average of $144.79. The company has a debt-to-equity ratio of 3.30, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $260.25 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.70 and a beta of 1.33. Morgan Stanley has a one year low of $94.33 and a one year high of $171.77.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.73. The firm had revenue of $17.98 billion during the quarter, compared to analyst estimates of $16.42 billion. Morgan Stanley had a return on equity of 16.55% and a net margin of 13.85%.The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.88 earnings per share. On average, sell-side analysts forecast that Morgan Stanley will post 8.56 EPS for the current fiscal year.

Morgan Stanley Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were given a dividend of $1.00 per share. The ex-dividend date was Friday, October 31st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. Morgan Stanley’s dividend payout ratio (DPR) is 41.03%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MS shares. UBS Group upped their target price on Morgan Stanley from $156.00 to $165.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Evercore ISI lifted their target price on shares of Morgan Stanley from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Barclays upped their price target on Morgan Stanley from $156.00 to $183.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. JPMorgan Chase & Co. increased their price target on shares of Morgan Stanley from $122.00 to $157.00 and gave the company a “neutral” rating in a report on Tuesday, October 21st. Finally, Citigroup boosted their price target on Morgan Stanley from $155.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $168.23.

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.