SageView Advisory Group LLC Boosts Stock Position in Morgan Stanley (NYSE:MS)

SageView Advisory Group LLC increased its position in shares of Morgan Stanley (NYSE:MSFree Report) by 255.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,849 shares of the financial services provider’s stock after acquiring an additional 7,797 shares during the period. SageView Advisory Group LLC’s holdings in Morgan Stanley were worth $951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. CGC Financial Services LLC grew its stake in shares of Morgan Stanley by 5,200.0% in the fourth quarter. CGC Financial Services LLC now owns 265 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 260 shares in the last quarter. Glass Jacobson Investment Advisors llc boosted its holdings in Morgan Stanley by 77.3% in the third quarter. Glass Jacobson Investment Advisors llc now owns 328 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 143 shares during the period. First United Bank & Trust purchased a new position in Morgan Stanley in the fourth quarter valued at $34,000. VisionPoint Advisory Group LLC grew its stake in Morgan Stanley by 123.2% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 442 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 244 shares in the last quarter. Finally, Union Savings Bank increased its holdings in Morgan Stanley by 62.5% during the 4th quarter. Union Savings Bank now owns 390 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 150 shares during the period. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Chairman James P. Gorman sold 100,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $90.21, for a total value of $9,021,000.00. Following the completion of the sale, the chairman now directly owns 414,870 shares of the company’s stock, valued at $37,425,422.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Charles Aubrey Smith III sold 11,200 shares of Morgan Stanley stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $90.09, for a total value of $1,009,008.00. Following the transaction, the insider now directly owns 126,190 shares in the company, valued at approximately $11,368,457.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman James P. Gorman sold 100,000 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $90.21, for a total transaction of $9,021,000.00. Following the transaction, the chairman now owns 414,870 shares of the company’s stock, valued at approximately $37,425,422.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 118,154 shares of company stock valued at $10,722,696. Insiders own 0.24% of the company’s stock.

Morgan Stanley Stock Performance

Shares of NYSE MS traded up $0.05 during trading hours on Friday, reaching $98.97. The stock had a trading volume of 3,550,530 shares, compared to its average volume of 5,577,264. The firm has a 50-day moving average of $93.75 and a 200-day moving average of $88.63. The firm has a market cap of $160.84 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 1.21 and a beta of 1.41. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.97. Morgan Stanley has a fifty-two week low of $69.42 and a fifty-two week high of $103.25.

Morgan Stanley (NYSE:MSGet Free Report) last posted its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.33. The business had revenue of $15.14 billion during the quarter, compared to the consensus estimate of $14.42 billion. Morgan Stanley had a return on equity of 10.88% and a net margin of 9.57%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.70 earnings per share. Equities research analysts predict that Morgan Stanley will post 6.83 earnings per share for the current year.

Morgan Stanley Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Monday, April 29th. Morgan Stanley’s payout ratio is currently 61.93%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JMP Securities reiterated a “market perform” rating on shares of Morgan Stanley in a research note on Thursday, April 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $91.00 price target on shares of Morgan Stanley in a research note on Wednesday, March 27th. Evercore ISI increased their price objective on shares of Morgan Stanley from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Bank of America raised their price objective on shares of Morgan Stanley from $100.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, HSBC boosted their target price on shares of Morgan Stanley from $100.00 to $102.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Morgan Stanley currently has an average rating of “Hold” and an average target price of $98.30.

Read Our Latest Analysis on MS

Morgan Stanley Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morgan Stanley (NYSE:MSFree Report).

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

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