NBW Capital LLC Purchases New Position in Morgan Stanley (NYSE:MS)


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NBW Capital LLC purchased a new position in Morgan Stanley (NYSE:MS) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 5,298 shares of the financial services provider’s stock, valued at approximately $363,000.

Other large investors have also recently modified their holdings of the company. Professional Financial Advisors LLC acquired a new stake in shares of Morgan Stanley in the third quarter worth approximately $25,000. American Research & Management Co. acquired a new position in shares of Morgan Stanley during the 4th quarter worth about $27,000. Riggs Asset Managment Co. Inc. boosted its position in shares of Morgan Stanley by 87.3% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 442 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 206 shares in the last quarter. Birchcreek Wealth Management LLC acquired a new position in shares of Morgan Stanley during the 4th quarter worth about $30,000. Finally, Diversified LLC acquired a new position in shares of Morgan Stanley during the 4th quarter worth about $35,000. 76.79% of the stock is currently owned by hedge funds and other institutional investors.

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

Several research firms have recently issued reports on MS. DA Davidson upped their price objective on Morgan Stanley from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, January 21st. Credit Suisse Group upped their target price on Morgan Stanley from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, January 25th. Smith Barney Citigroup cut Morgan Stanley from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 10th. They noted that the move was a valuation call. Piper Sandler upped their target price on Morgan Stanley from $54.00 to $76.00 and gave the company a “neutral” rating in a research report on Monday, January 11th. Finally, Daiwa Capital Markets initiated coverage on Morgan Stanley in a research note on Wednesday, January 6th. They set a “neutral” rating and a $71.00 target price for the company. Eight 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. Morgan Stanley currently has a consensus rating of “Buy” and a consensus target price of $66.05.

NYSE:MS remained flat at $$77.40 during trading hours on Tuesday. 304,309 shares of the company were exchanged, compared to its average volume of 11,529,894. The company has a market cap of $140.03 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 2.17 and a beta of 1.59. Morgan Stanley has a 12-month low of $27.20 and a 12-month high of $77.99. The business has a 50 day moving average of $73.46 and a 200-day moving average of $59.75. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.50.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Tuesday, January 19th. The financial services provider reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.63. The business had revenue of $13.64 billion during the quarter, compared to analyst estimates of $11.53 billion. Morgan Stanley had a net margin of 19.16% and a return on equity of 12.33%. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 earnings per share. Sell-side analysts forecast that Morgan Stanley will post 5.93 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 12th. Investors of record on Friday, January 29th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, January 28th. Morgan Stanley’s payout ratio is presently 28.11%.

Morgan Stanley 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.

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

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