Glenview Trust co Decreases Stake in Morgan Stanley (NYSE:MS)

Glenview Trust co cut its holdings in shares of Morgan Stanley (NYSE:MS) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,793 shares of the financial services provider’s stock after selling 92 shares during the period. Glenview Trust co’s holdings in Morgan Stanley were worth $6,009,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Peoples Bank KS purchased a new position in shares of Morgan Stanley in the 4th quarter worth $25,000. IAG Wealth Partners LLC purchased a new position in Morgan Stanley in the fourth quarter worth about $28,000. Stonebridge Financial Group LLC bought a new stake in shares of Morgan Stanley during the 4th quarter valued at about $35,000. Heck Capital Advisors LLC purchased a new stake in shares of Morgan Stanley during the 4th quarter valued at about $43,000. Finally, Roxbury Financial LLC bought a new position in shares of Morgan Stanley in the 4th quarter worth approximately $48,000. 84.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MS shares. Keefe, Bruyette & Woods boosted their target price on shares of Morgan Stanley from $138.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, January 17th. Evercore ISI boosted their price objective on shares of Morgan Stanley from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. UBS Group raised their target price on Morgan Stanley from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Bank of America lifted their target price on Morgan Stanley from $146.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. upped their price target on Morgan Stanley from $104.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Morgan Stanley currently has a consensus rating of “Hold” and a consensus price target of $131.27.

Insider Activity at Morgan Stanley

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

Morgan Stanley Stock Performance

NYSE:MS opened at $115.41 on Monday. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $186.15 billion, a PE ratio of 14.54, a P/E/G ratio of 1.18 and a beta of 1.35. Morgan Stanley has a fifty-two week low of $85.01 and a fifty-two week high of $142.03. The company has a fifty day moving average of $131.30 and a two-hundred day moving average of $122.51.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data 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. Morgan Stanley had a return on equity of 14.39% and a net margin of 12.48%. The firm had revenue of $16.23 billion during the quarter, compared to the consensus estimate of $15.03 billion. During the same period in the prior year, the company earned $1.13 EPS. The firm’s revenue was up 25.9% compared to the same quarter last year. As a group, research analysts forecast that Morgan Stanley will post 8.56 earnings per share for the current fiscal year.

Morgan Stanley Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.925 per share. This represents a $3.70 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Friday, January 31st. Morgan Stanley’s payout ratio is presently 46.60%.

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.