MTM Investment Management LLC Acquires Shares of 786 Morgan Stanley $MS

MTM Investment Management LLC bought a new position in Morgan Stanley (NYSE:MS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 786 shares of the financial services provider’s stock, valued at approximately $111,000.

A number of other institutional investors have also modified their holdings of the stock. Meadow Creek Wealth Advisors LLC increased its holdings in Morgan Stanley by 2.5% in the second quarter. Meadow Creek Wealth Advisors LLC now owns 2,799 shares of the financial services provider’s stock valued at $394,000 after buying an additional 69 shares during the last quarter. Gallagher Capital Advisors LLC grew its position in shares of Morgan Stanley by 0.7% in the 2nd quarter. Gallagher Capital Advisors LLC now owns 9,969 shares of the financial services provider’s stock worth $1,420,000 after acquiring an additional 70 shares in the last quarter. McLean Asset Management Corp increased its holdings in shares of Morgan Stanley by 2.5% in the 2nd quarter. McLean Asset Management Corp now owns 3,007 shares of the financial services provider’s stock valued at $430,000 after acquiring an additional 73 shares during the last quarter. Pinnacle Bancorp Inc. increased its stake in Morgan Stanley by 1.5% during the second quarter. Pinnacle Bancorp Inc. now owns 5,022 shares of the financial services provider’s stock valued at $707,000 after purchasing an additional 75 shares during the last quarter. Finally, Congress Park Capital LLC grew its position in shares of Morgan Stanley by 2.4% during the 2nd quarter. Congress Park Capital LLC now owns 3,250 shares of the financial services provider’s stock valued at $458,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MS. Keefe, Bruyette & Woods raised their target price on shares of Morgan Stanley from $176.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Jefferies Financial Group raised their price target on Morgan Stanley from $175.00 to $186.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. JPMorgan Chase & Co. boosted their price objective on Morgan Stanley from $122.00 to $157.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Morgan Stanley in a report on Wednesday, October 8th. Finally, Evercore ISI lifted their price objective on shares of Morgan Stanley from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Morgan Stanley has a consensus rating of “Moderate Buy” and a consensus price target of $168.23.

Morgan Stanley Trading Down 1.1%

NYSE:MS opened at $163.75 on Monday. The stock has a market cap of $260.25 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 1.70 and a beta of 1.33. The company has a debt-to-equity ratio of 3.30, a quick ratio of 0.78 and a current ratio of 0.78. Morgan Stanley has a 1 year low of $94.33 and a 1 year high of $171.77. The business has a fifty day moving average of $159.79 and a 200-day moving average of $145.19.

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

Morgan Stanley Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, October 31st. Morgan Stanley’s dividend payout ratio is currently 41.03%.

Insider Activity

In related news, CEO Edward Pick sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $164.34, for a total transaction of $16,434,000.00. Following the transaction, the chief executive officer owned 574,986 shares in the company, valued at $94,493,199.24. This trade represents a 14.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is 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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.