Hartford Funds Management Co LLC Invests $263,000 in Morgan Stanley (NYSE:MS)

Hartford Funds Management Co LLC bought a new stake in Morgan Stanley (NYSE:MSGet Rating) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,323 shares of the financial services provider’s stock, valued at approximately $263,000. Morgan Stanley makes up approximately 0.0% of Hartford Funds Management Co LLC’s holdings, making the stock its 19th largest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC raised its position in shares of Morgan Stanley by 103.2% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 315 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 160 shares during the period. SJS Investment Consulting Inc. acquired a new position in Morgan Stanley during the third quarter worth $27,000. Better Money Decisions LLC bought a new position in shares of Morgan Stanley in the second quarter valued at $32,000. Denali Advisors LLC acquired a new position in shares of Morgan Stanley during the second quarter valued at about $38,000. Finally, JFS Wealth Advisors LLC increased its position in shares of Morgan Stanley by 118.9% during the third quarter. JFS Wealth Advisors LLC now owns 475 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 258 shares in the last quarter. Institutional investors own 83.48% of the company’s stock.

Insider Buying and Selling at Morgan Stanley

In related news, insider Daniel A. Simkowitz sold 44,910 shares of the company’s stock in a transaction that occurred on Wednesday, January 18th. The shares were sold at an average price of $97.05, for a total transaction of $4,358,515.50. Following the sale, the insider now owns 348,531 shares of the company’s stock, valued at approximately $33,824,933.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Morgan Stanley news, insider Daniel A. Simkowitz sold 44,910 shares of the company’s stock in a transaction dated Wednesday, January 18th. The stock was sold at an average price of $97.05, for a total value of $4,358,515.50. Following the transaction, the insider now directly owns 348,531 shares in the company, valued at approximately $33,824,933.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Raja Akram sold 5,100 shares of Morgan Stanley stock in a transaction dated Wednesday, January 18th. The shares were sold at an average price of $97.00, for a total value of $494,700.00. Following the sale, the chief financial officer now owns 118,558 shares of the company’s stock, valued at approximately $11,500,126. The disclosure for this sale can be found here. Insiders sold 300,010 shares of company stock valued at $29,085,716 in the last quarter. 0.26% of the stock is currently owned by corporate insiders.

Morgan Stanley Stock Performance

NYSE:MS traded down $0.77 on Wednesday, reaching $94.74. 1,054,887 shares of the company’s stock were exchanged, compared to its average volume of 8,548,567. The firm has a market cap of $160.12 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 1.68 and a beta of 1.34. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a fifty day simple moving average of $89.43 and a 200-day simple moving average of $85.86. Morgan Stanley has a 52 week low of $72.05 and a 52 week high of $109.73.

Morgan Stanley (NYSE:MSGet Rating) last released its quarterly earnings data on Tuesday, January 17th. The financial services provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.06. The business had revenue of $12.75 billion during the quarter, compared to analyst estimates of $12.16 billion. Morgan Stanley had a net margin of 16.73% and a return on equity of 11.99%. As a group, sell-side analysts predict that Morgan Stanley will post 7.21 earnings per share for the current year.

Morgan Stanley Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Tuesday, January 31st will be issued a dividend of $0.775 per share. The ex-dividend date of this dividend is Monday, January 30th. This represents a $3.10 dividend on an annualized basis and a yield of 3.27%. Morgan Stanley’s dividend payout ratio (DPR) is 50.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MS shares. Royal Bank of Canada lifted their price target on Morgan Stanley from $80.00 to $90.00 in a research note on Wednesday, January 18th. Oppenheimer increased their price target on Morgan Stanley from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, January 18th. BMO Capital Markets lifted their price objective on shares of Morgan Stanley from $98.00 to $109.00 and gave the stock an “outperform” rating in a report on Wednesday, January 18th. UBS Group increased their target price on shares of Morgan Stanley from $90.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 9th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Morgan Stanley from $92.00 to $84.00 in a report on Friday, January 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $96.99.

Morgan Stanley Company Profile

(Get Rating)

Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following segments: Institutional Securities, Wealth Management, and Investment Management.

See Also

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:MSGet Rating).

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.