Lake Street Private Wealth LLC Has $542,000 Stock Position in Morgan Stanley (NYSE:MS)

Lake Street Private Wealth LLC lessened its stake in shares of Morgan Stanley (NYSE:MS) by 6.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 5,756 shares of the financial services provider’s stock after selling 390 shares during the quarter. Lake Street Private Wealth LLC’s holdings in Morgan Stanley were worth $542,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in shares of Morgan Stanley by 17.2% during the fourth quarter. Wellington Management Group LLP now owns 38,451,051 shares of the financial services provider’s stock valued at $3,585,561,000 after acquiring an additional 5,631,435 shares during the period. Capital International Investors raised its stake in Morgan Stanley by 8.2% during the 4th quarter. Capital International Investors now owns 24,499,542 shares of the financial services provider’s stock valued at $2,284,674,000 after purchasing an additional 1,865,645 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Morgan Stanley by 2.6% in the fourth quarter. Fisher Asset Management LLC now owns 20,250,725 shares of the financial services provider’s stock valued at $1,888,380,000 after purchasing an additional 517,446 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Morgan Stanley by 2.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 20,197,232 shares of the financial services provider’s stock worth $1,883,392,000 after buying an additional 575,114 shares during the period. Finally, Norges Bank purchased a new position in shares of Morgan Stanley during the fourth quarter valued at $958,105,000. 84.19% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Morgan Stanley

In related news, insider Charles Aubrey Smith III sold 11,200 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $90.09, for a total transaction of $1,009,008.00. Following the transaction, the insider now owns 126,190 shares of the company’s stock, valued at $11,368,457.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Charles Aubrey Smith III sold 11,200 shares of Morgan Stanley stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $90.09, for a total transaction of $1,009,008.00. Following the sale, the insider now directly owns 126,190 shares of the company’s stock, valued at $11,368,457.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mandell Crawley sold 6,954 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $99.61, for a total value of $692,687.94. Following the transaction, the insider now owns 46,274 shares in the company, valued at $4,609,353.14. The disclosure for this sale can be found here. Insiders sold a total of 118,154 shares of company stock worth $10,722,696 over the last three months. 0.24% of the stock is currently owned by insiders.

Morgan Stanley Stock Performance

NYSE:MS opened at $100.12 on Thursday. The firm has a market capitalization of $162.71 billion, a PE ratio of 18.24, a PEG ratio of 1.22 and a beta of 1.38. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.97. Morgan Stanley has a 1 year low of $69.42 and a 1 year high of $103.25. The firm’s fifty day simple moving average is $96.87 and its 200 day simple moving average is $91.92.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.33. Morgan Stanley had a return on equity of 10.88% and a net margin of 9.57%. The company had revenue of $15.14 billion for the quarter, compared to the consensus estimate of $14.42 billion. During the same period last year, the business posted $1.70 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Morgan Stanley will post 6.82 EPS for the current year.

Morgan Stanley Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Monday, April 29th. Morgan Stanley’s dividend payout ratio is currently 61.93%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Evercore ISI increased their price objective on Morgan Stanley from $102.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday. Jefferies Financial Group increased their price target on shares of Morgan Stanley from $107.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. HSBC boosted their price objective on shares of Morgan Stanley from $100.00 to $102.00 and gave the company a “hold” rating in a research report on Friday, April 19th. TheStreet upgraded shares of Morgan Stanley from a “c+” rating to a “b” rating in a research report on Wednesday, March 6th. Finally, Oppenheimer boosted their price target on shares of Morgan Stanley from $101.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $98.48.

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.