Brookstone Capital Management removed its position in Morgan Stanley (NYSE: MS – Get a rating) by 14.3% in Q1, according to the company in its latest 13F filing with the Securities and Exchange Commission (SEC). The company held 11,355 shares of the financial services provider after purchasing an additional 1,421 shares during the period. Brookstone Capital Management’s holdings in Morgan Stanley were worth $954,000 when it last filed with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold stocks. Cooper Financial Group acquired a new position in shares of Morgan Stanley in Q1 worth $257,000. Gibraltar Capital Management Inc. increased its stake in Morgan Stanley shares by 0.3% in Q1. Gibraltar Capital Management Inc. now owns 68,612 shares of the financial services provider valued at $5,997,000 after purchasing an additional 217 shares during the period. Dynamic Advisor Solutions LLC increased its stake in Morgan Stanley shares by 7.4% in Q1. Dynamic Advisor Solutions LLC now owns 34,660 shares of the financial services provider valued at $3,029,000 after purchasing an additional 2,382 shares during the period. Veriti Management LLC increased its stake in Morgan Stanley shares by 11.7% in the 1st quarter. Veriti Management LLC now owns 29,329 shares of the financial services provider valued at $2,563,000 after purchasing an additional 3,067 shares during the period. Finally, Atlas Private Wealth Advisors acquired a new position in Morgan Stanley shares in Q1 worth $1,078,000. Hedge funds and other institutional investors hold 85.02% of the company’s shares.
MS has been the subject of a number of reports by research analysts. Piper Sandler cut her price target on Morgan Stanley shares from $112.00 to $100.00 and set a “neutral” rating for the company in a Tuesday, April 5 research report. Oppenheimer upgraded Morgan Stanley shares from a “market performer” rating to an “outperformer” rating and set a price target of $111.00 for the company in a Tuesday, May 3 research report. StockNews.com launched a hedge on Morgan Stanley shares in a research report on Thursday, March 31. They set a “holding” rating for the company. Goldman Sachs Group set a price target of $105.00 on Morgan Stanley shares in a research report on Wednesday, April 20. Finally, BMO Capital Markets raised its target price on Morgan Stanley shares from $110.00 to $113.00 and gave the company an “outperform” rating in a Monday, April 18 research report. Eleven research analysts gave the stock a hold rating and nine gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $108.50.
In other Morgan Stanley news, Director Stephen J. Luczo bought 25,000 shares of Morgan Stanley in a trade dated Thursday, May 12. The shares were acquired at an average price of $79.30 per share, with a total value of $1,982,500.00. Following completion of the transaction, the director now owns 179,449 shares of the company, valued at $14,230,305.70. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. 0.26% of the shares are currently held by insiders.
Shares of MS-Stock opened at $77.82 on Friday. The company has a debt ratio of 2.39, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $136.13 billion, a PE ratio of 9.90, a growth price-earnings ratio of 1.27 and a beta of 1.41. The company has a 50-day moving average of $81.62 and a two-hundred-day moving average of $90.71. Morgan Stanley has a 1-year low of $72.23 and a 1-year high of $109.73.
Morgan Stanley (NYSE: MS – Get a rating) last announced its results on Thursday, April 14. The financial services provider reported earnings per share of $2.06 for the quarter, beating the consensus estimate of $1.69 by $0.37. The company posted revenue of $14.80 billion in the quarter, versus analyst estimates of $14.16 billion. Morgan Stanley had a net margin of 24.21% and a return on equity of 15.15%. Morgan Stanley’s revenue fell 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted earnings per share of $2.22. Sell-side analysts expect Morgan Stanley to post EPS of 7.31 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, May 13. Shareholders of record on Friday, April 29 received a dividend of $0.70 per share. The ex-dividend date was Thursday, April 28. This represents an annualized dividend of $2.80 and a dividend yield of 3.60%. Morgan Stanley’s dividend payout ratio is currently 35.62%.
About Morgan Stanley (Get a rating)
Morgan Stanley, a financial holding company, provides various financial products and services to businesses, 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.
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