Appleton Partners Inc. MA increased its position in Morgan Stanley (NYSE:MS) by 24.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,095 shares of the financial services provider’s stock after acquiring an additional 6,520 shares during the period. Appleton Partners Inc. MA’s holdings in Morgan Stanley were worth $1,397,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Springhouse Capital Management LP bought a new position in shares of Morgan Stanley during the 4th quarter valued at about $8,069,000. Lowe Brockenbrough & Co. Inc. boosted its holdings in shares of Morgan Stanley by 0.6% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 115,414 shares of the financial services provider’s stock worth $4,576,000 after buying an additional 735 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Morgan Stanley by 31.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 88,206 shares of the financial services provider’s stock worth $3,497,000 after buying an additional 21,173 shares during the period. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Morgan Stanley in the first quarter worth about $827,000. Finally, Morgan Stanley boosted its holdings in shares of Morgan Stanley by 6.2% in the third quarter. Morgan Stanley now owns 731,978 shares of the financial services provider’s stock worth $34,088,000 after buying an additional 43,032 shares during the period. 86.11% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Daniel A. Simkowitz acquired 7,000 shares of the stock in a transaction dated Thursday, April 18th. The shares were acquired at an average price of $47.57 per share, for a total transaction of $332,990.00. Following the completion of the purchase, the insider now owns 193,089 shares in the company, valued at approximately $9,185,243.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul C. Wirth sold 25,000 shares of the firm’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $42.40, for a total transaction of $1,060,000.00. Following the completion of the sale, the chief financial officer now owns 169,031 shares in the company, valued at approximately $7,166,914.40. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.16. Morgan Stanley had a net margin of 16.75% and a return on equity of 11.45%. The company had revenue of $10.29 billion for the quarter, compared to analyst estimates of $9.96 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. Research analysts predict that Morgan Stanley will post 4.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Monday, April 29th. Morgan Stanley’s dividend payout ratio is 26.03%.
Several brokerages have commented on MS. Wells Fargo & Co reiterated a “buy” rating on shares of Morgan Stanley in a report on Wednesday, April 17th. Citigroup lowered shares of Morgan Stanley from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a research report on Thursday, April 18th. Royal Bank of Canada set a $60.00 price target on shares of Morgan Stanley and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Oppenheimer increased their price target on shares of Morgan Stanley from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, ValuEngine raised shares of Morgan Stanley from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $56.24.
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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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.
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