Revolve Wealth Partners LLC Makes New Investment in Morgan Stanley (NYSE:MS)

Revolve Wealth Partners LLC purchased a new stake in shares of Morgan Stanley (NYSE:MS) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,736 shares of the financial services provider’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MS. Brighton Jones LLC grew its stake in Morgan Stanley by 10.2% in the 4th quarter. Brighton Jones LLC now owns 12,782 shares of the financial services provider’s stock worth $1,607,000 after buying an additional 1,185 shares in the last quarter. Silver Oak Securities Incorporated purchased a new position in Morgan Stanley in the fourth quarter worth $156,000. Leo Wealth LLC purchased a new position in Morgan Stanley in the fourth quarter worth $226,000. Golden State Wealth Management LLC bought a new position in Morgan Stanley in the fourth quarter valued at $337,000. Finally, Vest Financial LLC raised its position in Morgan Stanley by 21.6% during the fourth quarter. Vest Financial LLC now owns 7,100 shares of the financial services provider’s stock valued at $893,000 after purchasing an additional 1,259 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Insider Activity

In other Morgan Stanley news, insider Andrew M. Saperstein sold 40,000 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $120.00, for a total transaction of $4,800,000.00. Following the completion of the transaction, the insider now owns 335,765 shares of the company’s stock, valued at approximately $40,291,800. This trade represents a 10.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Eric F. Grossman sold 10,068 shares of the business’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $111.65, for a total transaction of $1,124,092.20. Following the sale, the insider now owns 199,274 shares in the company, valued at approximately $22,248,942.10. This trade represents a 4.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,868 shares of company stock valued at $6,019,548. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

MS has been the subject of a number of research reports. Evercore ISI cut their price objective on Morgan Stanley from $150.00 to $138.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. JMP Securities reaffirmed a “market perform” rating on shares of Morgan Stanley in a research note on Monday, April 14th. Citigroup decreased their price target on shares of Morgan Stanley from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. Wells Fargo & Company lowered their price objective on shares of Morgan Stanley from $130.00 to $120.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Morgan Stanley from $125.00 to $122.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Eleven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Morgan Stanley has a consensus rating of “Hold” and an average target price of $132.46.

Morgan Stanley Trading Up 1.0%

MS opened at $131.89 on Monday. Morgan Stanley has a one year low of $90.94 and a one 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. The business has a 50 day simple moving average of $118.66 and a two-hundred day simple moving average of $125.18. The firm has a market capitalization of $211.59 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.18 and a beta of 1.29.

Morgan Stanley (NYSE:MS) last announced its earnings results on Friday, April 11th. The financial services provider reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.39. Morgan Stanley had a return on equity of 14.39% and a net margin of 12.48%. The company had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $16.81 billion. During the same quarter in the prior year, the company earned $2.02 earnings per share. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. Analysts predict that Morgan Stanley will post 8.56 EPS for the current year.

Morgan Stanley Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a $0.925 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $3.70 annualized dividend and a dividend yield of 2.81%. Morgan Stanley’s dividend payout ratio is 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.