Tcfg Wealth Management LLC Has $362,000 Stake in Morgan Stanley (NYSE:MS)

Tcfg Wealth Management LLC decreased its position in shares of Morgan Stanley (NYSE:MS) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,879 shares of the financial services provider’s stock after selling 124 shares during the period. Tcfg Wealth Management LLC’s holdings in Morgan Stanley were worth $362,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB lifted its position in Morgan Stanley by 474.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,134 shares of the financial services provider’s stock worth $2,203,000 after acquiring an additional 17,454 shares during the last quarter. Principal Financial Group Inc. lifted its position in Morgan Stanley by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,711,805 shares of the financial services provider’s stock worth $491,159,000 after acquiring an additional 36,120 shares during the last quarter. Matrix Trust Co acquired a new position in Morgan Stanley during the 4th quarter worth $2,040,000. Johnson & White Wealth Management LLC acquired a new position in Morgan Stanley during the 4th quarter worth $597,000. Finally, Natixis Advisors LLC lifted its position in Morgan Stanley by 1.4% during the 3rd quarter. Natixis Advisors LLC now owns 1,152,937 shares of the financial services provider’s stock worth $120,182,000 after acquiring an additional 16,350 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Raja Akram sold 17,500 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 81,440 shares of the company’s stock, valued at $11,076,654.40. This represents a 17.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eric F. Grossman sold 13,097 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $136.20, for a total transaction of $1,783,811.40. Following the sale, the insider now directly owns 197,444 shares in the company, valued at $26,891,872.80. This trade represents a 6.22 % 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.

Morgan Stanley Stock Performance

NYSE:MS opened at $139.19 on Friday. Morgan Stanley has a 12-month low of $84.41 and a 12-month high of $142.03. 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 firm has a market capitalization of $224.24 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.24 and a beta of 1.37. The firm has a 50-day moving average price of $131.40 and a 200 day moving average price of $118.46.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.68. The firm had revenue of $16.23 billion during the quarter, compared to analyst estimates of $15.03 billion. Morgan Stanley had a net margin of 12.48% and a return on equity of 14.39%. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.13 earnings per share. Research analysts anticipate that Morgan Stanley will post 8.56 earnings per share for the current fiscal year.

Morgan Stanley Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.925 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $3.70 annualized dividend and a yield of 2.66%. Morgan Stanley’s dividend payout ratio is 46.60%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays boosted their target price on shares of Morgan Stanley from $155.00 to $156.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Evercore ISI upped 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. Keefe, Bruyette & Woods upped their price objective 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. HSBC lowered shares of Morgan Stanley from a “buy” rating to a “hold” rating and upped their price objective for the company from $128.00 to $131.00 in a research report on Tuesday, November 26th. Finally, UBS Group upped their price objective on shares of Morgan Stanley from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $131.27.

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.