Morgan Stanley (NYSE:MS) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. reduced its position in Morgan Stanley (NYSE:MS) by 15.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,855 shares of the financial services provider’s stock after selling 2,459 shares during the period. Fulton Bank N.A.’s holdings in Morgan Stanley were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AGF Investments Inc. lifted its stake in shares of Morgan Stanley by 121.9% in the 4th quarter. AGF Investments Inc. now owns 1,530,968 shares of the financial services provider’s stock valued at $104,917,000 after purchasing an additional 841,171 shares during the period. Bank of The West increased its holdings in Morgan Stanley by 3.2% in the 4th quarter. Bank of The West now owns 186,549 shares of the financial services provider’s stock worth $12,785,000 after acquiring an additional 5,828 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in Morgan Stanley by 153.3% in the 4th quarter. Perigon Wealth Management LLC now owns 12,150 shares of the financial services provider’s stock worth $833,000 after acquiring an additional 7,354 shares in the last quarter. Independence Bank of Kentucky increased its holdings in Morgan Stanley by 115.5% in the 4th quarter. Independence Bank of Kentucky now owns 2,586 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 1,386 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Morgan Stanley by 159.1% in the 4th quarter. Stifel Financial Corp now owns 824,731 shares of the financial services provider’s stock worth $56,520,000 after acquiring an additional 506,401 shares in the last quarter. Hedge funds and other institutional investors own 76.79% of the company’s stock.

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Morgan Stanley from $68.00 to $79.00 and gave the stock a “hold” rating in a report on Thursday, April 1st. DA Davidson boosted their price target on shares of Morgan Stanley from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, January 21st. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating and set a $85.00 price target for the company in a report on Monday, January 25th. BMO Capital Markets upped their target price on shares of Morgan Stanley from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, January 20th. Finally, UBS Group upped their target price on shares of Morgan Stanley from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, April 1st. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $69.38.

In other news, insider Jeffrey S. Brodsky sold 18,500 shares of Morgan Stanley stock in a transaction on Thursday, January 21st. The shares were sold at an average price of $74.57, for a total transaction of $1,379,545.00. Following the completion of the sale, the insider now directly owns 174,603 shares of the company’s stock, valued at approximately $13,020,145.71. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James P. Gorman sold 175,000 shares of Morgan Stanley stock in a transaction on Friday, January 22nd. The stock was sold at an average price of $73.12, for a total transaction of $12,796,000.00. Following the sale, the chief executive officer now directly owns 1,249,000 shares of the company’s stock, valued at $91,326,880. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 212,380 shares of company stock valued at $15,582,671. Corporate insiders own 0.26% of the company’s stock.

Shares of MS traded down $0.62 during mid-day trading on Thursday, hitting $78.42. 58,373 shares of the company’s stock were exchanged, compared to its average volume of 11,721,020. The company has a market cap of $142.08 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 2.17 and a beta of 1.59. Morgan Stanley has a fifty-two week low of $35.53 and a fifty-two week high of $86.64. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s 50-day moving average is $79.86 and its 200-day moving average is $66.12.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Tuesday, January 19th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.63. Morgan Stanley had a net margin of 19.16% and a return on equity of 12.33%. The business had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $11.53 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. The business’s quarterly revenue was up 25.6% on a year-over-year basis. As a group, equities research analysts anticipate that Morgan Stanley will post 5.93 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 12th. Stockholders of record on Friday, January 29th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, January 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.79%. Morgan Stanley’s dividend payout ratio (DPR) is currently 28.11%.

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.

Further Reading: Catch-Up Contributions

Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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