Summit Trail Advisors LLC Has $1.01 Million Stock Holdings in Morgan Stanley (NYSE:MS)

Summit Trail Advisors LLC decreased its stake in Morgan Stanley (NYSE:MS) by 14.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,874 shares of the financial services provider’s stock after selling 1,840 shares during the period. Summit Trail Advisors LLC’s holdings in Morgan Stanley were worth $1,014,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Institute for Wealth Management LLC. increased its holdings in shares of Morgan Stanley by 3.6% during the fourth quarter. Institute for Wealth Management LLC. now owns 17,578 shares of the financial services provider’s stock valued at $1,639,000 after acquiring an additional 618 shares in the last quarter. Wolff Wiese Magana LLC increased its stake in Morgan Stanley by 3.2% in the 3rd quarter. Wolff Wiese Magana LLC now owns 18,896 shares of the financial services provider’s stock worth $1,543,000 after acquiring an additional 580 shares during the last quarter. Calamos Wealth Management LLC increased its stake in Morgan Stanley by 2.9% in the 3rd quarter. Calamos Wealth Management LLC now owns 10,400 shares of the financial services provider’s stock worth $849,000 after acquiring an additional 290 shares during the last quarter. Hartford Financial Management Inc. increased its stake in Morgan Stanley by 17.9% in the 4th quarter. Hartford Financial Management Inc. now owns 917 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 139 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in Morgan Stanley by 2.5% in the 4th quarter. Avior Wealth Management LLC now owns 6,600 shares of the financial services provider’s stock worth $615,000 after acquiring an additional 163 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Morgan Stanley Trading Up 1.2 %

Shares of NYSE:MS traded up $1.15 on Monday, hitting $94.79. 5,103,496 shares of the company’s stock were exchanged, compared to its average volume of 8,465,847. Morgan Stanley has a 12 month low of $69.42 and a 12 month high of $95.57. The stock has a market capitalization of $154.19 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 1.76 and a beta of 1.41. The business’s 50 day simple moving average is $90.30 and its two-hundred day simple moving average is $85.98. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.75 and a quick ratio of 0.75.

Morgan Stanley (NYSE:MS) last released its earnings results on Tuesday, April 16th. The financial services provider reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.33. Morgan Stanley had a return on equity of 10.87% and a net margin of 9.57%. The business had revenue of $15.14 billion during the quarter, compared to the consensus estimate of $14.42 billion. During the same period last year, the company earned $1.70 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts anticipate that Morgan Stanley will post 6.84 EPS for the current fiscal year.

Morgan Stanley Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $3.40 annualized dividend and a dividend yield of 3.59%. Morgan Stanley’s payout ratio is currently 61.93%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MS. HSBC increased their target price on Morgan Stanley from $100.00 to $102.00 and gave the company a “hold” rating in a report on Friday, April 19th. Bank of America increased their target price on Morgan Stanley from $100.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. BMO Capital Markets increased their target price on Morgan Stanley from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. UBS Group increased their target price on Morgan Stanley from $80.00 to $95.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Finally, Oppenheimer increased their price objective on Morgan Stanley from $101.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $98.30.

Insider Activity at Morgan Stanley

In related news, Chairman James P. Gorman sold 100,000 shares of Morgan Stanley stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $87.30, for a total value of $8,730,000.00. Following the completion of the sale, the chairman now directly owns 350,000 shares in the company, valued at $30,555,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Morgan Stanley news, insider Charles Aubrey Smith III sold 11,200 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $90.09, for a total value of $1,009,008.00. Following the completion of the transaction, the insider now directly owns 126,190 shares of the company’s stock, valued at $11,368,457.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman James P. Gorman sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $87.30, for a total value of $8,730,000.00. Following the completion of the transaction, the chairman now directly owns 350,000 shares of the company’s stock, valued at $30,555,000. The disclosure for this sale can be found here. Insiders sold 237,855 shares of company stock worth $21,084,057 over the last three months. 0.24% of the stock is owned by corporate insiders.

About Morgan Stanley

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.