Howe & Rusling Inc. Cuts Holdings in Morgan Stanley (NYSE:MS)

Howe & Rusling Inc. trimmed its position in Morgan Stanley (NYSE:MSFree Report) by 3.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,792 shares of the financial services provider’s stock after selling 2,643 shares during the period. Howe & Rusling Inc.’s holdings in Morgan Stanley were worth $6,027,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. RVW Wealth LLC acquired a new stake in Morgan Stanley in the third quarter worth approximately $27,000. Glass Jacobson Investment Advisors llc lifted its position in Morgan Stanley by 77.3% in the third quarter. Glass Jacobson Investment Advisors llc now owns 328 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 143 shares during the period. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Morgan Stanley during the 3rd quarter valued at $28,000. Janiczek Wealth Management LLC lifted its position in shares of Morgan Stanley by 810.8% during the 3rd quarter. Janiczek Wealth Management LLC now owns 337 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 300 shares during the last quarter. Finally, West Branch Capital LLC acquired a new stake in shares of Morgan Stanley during the 2nd quarter valued at $30,000. 83.09% of the stock is currently owned by institutional investors and hedge funds.

Morgan Stanley Stock Performance

MS stock traded down $0.35 during mid-day trading on Thursday, reaching $85.65. 6,131,594 shares of the stock traded hands, compared to its average volume of 9,104,251. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.70. Morgan Stanley has a 52 week low of $69.42 and a 52 week high of $100.99. The business has a 50-day moving average of $88.09 and a two-hundred day moving average of $84.08. The firm has a market capitalization of $140.58 billion, a PE ratio of 16.58, a P/E/G ratio of 1.74 and a beta of 1.44.

Morgan Stanley (NYSE:MSGet Free Report) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.06. Morgan Stanley had a net margin of 9.49% and a return on equity of 10.33%. The company had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.77 billion. During the same period in the prior year, the company earned $1.31 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts predict that Morgan Stanley will post 6.38 EPS for the current fiscal year.

Morgan Stanley Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.97%. The ex-dividend date is Tuesday, January 30th. Morgan Stanley’s dividend payout ratio (DPR) is presently 65.76%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MS shares. Societe Generale downgraded Morgan Stanley from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a research report on Tuesday, November 28th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $87.00 price objective (down previously from $94.00) on shares of Morgan Stanley in a research report on Wednesday, January 17th. Wolfe Research upgraded Morgan Stanley from an “underperform” rating to a “peer perform” rating in a research report on Friday, October 20th. Barclays boosted their target price on shares of Morgan Stanley from $102.00 to $116.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Odeon Capital Group downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating and set a $79.15 target price on the stock. in a research note on Monday, October 23rd. Thirteen equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Morgan Stanley presently has an average rating of “Hold” and an average price target of $94.56.

View Our Latest Stock Analysis on Morgan Stanley

Insider Buying and Selling

In related news, insider Andrew M. Saperstein sold 10,000 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $87.92, for a total value of $879,200.00. Following the completion of the transaction, the insider now owns 313,490 shares of the company’s stock, valued at $27,562,040.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Raja Akram sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $83.56, for a total transaction of $584,920.00. Following the completion of the sale, the chief financial officer now owns 97,634 shares of the company’s stock, valued at $8,158,297.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Andrew M. Saperstein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $87.92, for a total transaction of $879,200.00. Following the completion of the sale, the insider now directly owns 313,490 shares of the company’s stock, valued at approximately $27,562,040.80. The disclosure for this sale can be found here. Insiders sold 81,500 shares of company stock valued at $7,095,265 over the last quarter. Corporate insiders own 0.26% of the company’s stock.

Morgan Stanley Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding MS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morgan Stanley (NYSE:MSFree Report).

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

Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.