Chemung Canal Trust Co. Has $1.51 Million Holdings in Morgan Stanley (NYSE:MS)

Chemung Canal Trust Co. lowered its stake in shares of Morgan Stanley (NYSE:MS) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,996 shares of the financial services provider’s stock after selling 361 shares during the quarter. Chemung Canal Trust Co.’s holdings in Morgan Stanley were worth $1,508,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Perfromance Wealth Partners LLC lifted its position in Morgan Stanley by 2.7% in the fourth quarter. Perfromance Wealth Partners LLC now owns 3,004 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 78 shares during the period. Sivia Capital Partners LLC boosted its holdings in Morgan Stanley by 3.3% during the fourth quarter. Sivia Capital Partners LLC now owns 2,748 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 87 shares in the last quarter. Cardinal Point Capital Management ULC raised its holdings in shares of Morgan Stanley by 3.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 2,697 shares of the financial services provider’s stock worth $339,000 after buying an additional 90 shares in the last quarter. Mason & Associates Inc boosted its stake in Morgan Stanley by 2.9% in the 4th quarter. Mason & Associates Inc now owns 3,177 shares of the financial services provider’s stock valued at $399,000 after buying an additional 90 shares in the last quarter. Finally, Bank of New Hampshire raised its stake in Morgan Stanley by 1.5% during the fourth quarter. Bank of New Hampshire now owns 6,313 shares of the financial services provider’s stock worth $794,000 after acquiring an additional 93 shares in the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Morgan Stanley Stock Up 0.0 %

Shares of Morgan Stanley stock opened at $137.85 on Friday. Morgan Stanley has a 12 month low of $83.09 and a 12 month high of $139.04. The business has a fifty day simple moving average of $129.40 and a 200 day simple moving average of $114.61. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14. The stock has a market cap of $222.09 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 1.20 and a beta of 1.36.

Morgan Stanley (NYSE:MS) last issued its earnings results on Thursday, January 16th. The financial services provider reported $2.22 EPS for the quarter, beating the consensus estimate of $1.54 by $0.68. The firm had revenue of $16.23 billion during the quarter, compared to the consensus estimate of $15.03 billion. Morgan Stanley had a net margin of 12.48% and a return on equity of 14.39%. The business’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 earnings per share. Research analysts predict that Morgan Stanley will post 8.49 EPS for the current year.

Morgan Stanley Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.925 per share. The ex-dividend date is Friday, January 31st. This represents a $3.70 annualized dividend and a yield of 2.68%. Morgan Stanley’s dividend payout ratio is presently 46.60%.

Insider Buying and Selling at Morgan Stanley

In related news, insider Eric F. Grossman sold 13,097 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $136.20, for a total value of $1,783,811.40. Following the completion of the transaction, the insider now directly owns 197,444 shares of the company’s stock, valued at approximately $26,891,872.80. This represents a 6.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Raja Akram sold 17,500 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $136.01, for a total value of $2,380,175.00. Following the completion of the sale, the chief financial officer now owns 81,440 shares in the company, valued at approximately $11,076,654.40. This trade represents a 17.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MS shares. Wells Fargo & Company raised shares of Morgan Stanley from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $107.00 to $142.00 in a report on Friday, November 15th. HSBC downgraded Morgan Stanley from a “buy” rating to a “hold” rating and boosted their target price for the stock from $128.00 to $131.00 in a report on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their price objective on Morgan Stanley from $138.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, January 17th. UBS Group increased their target price on Morgan Stanley from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on shares of Morgan Stanley from $104.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $131.27.

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.