TrimTabs Asset Management LLC Sells 33,887 Shares of Morgan Stanley (NYSE:MS)

TrimTabs Asset Management LLC decreased its stake in Morgan Stanley (NYSE:MS) by 54.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 27,907 shares of the financial services provider’s stock after selling 33,887 shares during the quarter. Morgan Stanley accounts for about 1.1% of TrimTabs Asset Management LLC’s portfolio, making the stock its 12th largest position. TrimTabs Asset Management LLC’s holdings in Morgan Stanley were worth $2,232,000 at the end of the most recent quarter.

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

MS has been the topic of several recent research reports. UBS Group increased their target price on shares of Morgan Stanley from $84.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, April 1st. Credit Suisse Group raised their price target on shares of Morgan Stanley from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, January 25th. DA Davidson raised 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. Deutsche Bank Aktiengesellschaft raised 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. Finally, Piper Sandler raised their price target on shares of Morgan Stanley from $54.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday, January 11th. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $69.38.

NYSE MS traded up $0.42 during trading hours on Thursday, reaching $79.46. 297,318 shares of the company’s stock traded hands, compared to its average volume of 11,721,020. Morgan Stanley has a 52-week low of $35.53 and a 52-week high of $86.64. The firm has a market cap of $143.97 billion, a PE ratio of 13.25, a PEG ratio of 2.17 and a beta of 1.59. The firm has a 50-day simple moving average of $79.86 and a 200 day simple moving average of $66.12. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.76 and a quick ratio of 0.76.

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, beating analysts’ consensus estimates of $1.29 by $0.63. Morgan Stanley had a net margin of 19.16% and a return on equity of 12.33%. The company had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $11.53 billion. During the same period last year, the company posted $1.20 EPS. Morgan Stanley’s revenue was up 25.6% on a year-over-year basis. Sell-side analysts forecast that Morgan Stanley will post 5.93 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 12th. Shareholders of record on Friday, January 29th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, January 28th. This represents a $1.40 dividend on an annualized basis and a yield of 1.76%. Morgan Stanley’s dividend payout ratio is currently 28.11%.

In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 18,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $13,020,145.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James P. Gorman sold 175,000 shares of the firm’s stock in a transaction dated Friday, January 22nd. The shares were 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 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 90 days, insiders have sold 212,380 shares of company stock valued at $15,582,671. 0.26% of the stock is owned by company insiders.

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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.

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

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