Keel Point LLC Sells 516 Shares of Morgan Stanley (NYSE:MS)

Keel Point LLC decreased its position in shares of Morgan Stanley (NYSE:MS) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,345 shares of the financial services provider’s stock after selling 516 shares during the period. Keel Point LLC’s holdings in Morgan Stanley were worth $219,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CGC Financial Services LLC grew its holdings in Morgan Stanley by 5,200.0% during the 4th quarter. CGC Financial Services LLC now owns 265 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 260 shares during the last quarter. RVW Wealth LLC bought a new position in shares of Morgan Stanley during the third quarter valued at approximately $27,000. Glass Jacobson Investment Advisors llc raised its holdings in shares of 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 buying an additional 143 shares during the period. DHJJ Financial Advisors Ltd. bought a new stake in shares of Morgan Stanley during the 3rd quarter worth approximately $28,000. Finally, Janiczek Wealth Management LLC boosted its holdings in 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 period. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Insider Transactions at Morgan Stanley

In other news, CFO Raja Akram sold 7,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $83.56, for a total transaction of $584,920.00. Following the completion of the transaction, the chief financial officer now directly owns 97,634 shares in the company, valued at $8,158,297.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Andrew M. Saperstein sold 10,000 shares of Morgan Stanley stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $84.13, for a total value of $841,300.00. Following the completion of the transaction, the insider now owns 323,490 shares in the company, valued at $27,215,213.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Raja Akram sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $83.56, for a total transaction of $584,920.00. Following the sale, the chief financial officer now directly owns 97,634 shares in the company, valued at $8,158,297.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 208,155 shares of company stock worth $18,149,314. 0.24% of the stock is currently owned by insiders.

Morgan Stanley Stock Performance

Shares of Morgan Stanley stock opened at $89.13 on Wednesday. The business’s fifty day simple moving average is $88.65 and its 200-day simple moving average is $84.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.89. The firm has a market cap of $144.97 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.76 and a beta of 1.43. Morgan Stanley has a 52 week low of $69.42 and a 52 week high of $95.57.

Morgan Stanley (NYSE:MS) last posted its earnings results on Tuesday, April 16th. The financial services provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.30. Morgan Stanley had a net margin of 9.49% and a return on equity of 10.36%. The company had revenue of $15.14 billion for the quarter, compared to analysts’ expectations of $14.42 billion. During the same quarter in the prior year, the company posted $1.70 earnings per share. Morgan Stanley’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities analysts forecast that Morgan Stanley will post 6.36 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Evercore ISI raised their target price on shares of Morgan Stanley from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. JMP Securities reissued a “market perform” rating on shares of Morgan Stanley in a research report on Tuesday, April 9th. Bank of America raised their price target on Morgan Stanley from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. Oppenheimer cut their price objective on shares of Morgan Stanley from $109.00 to $97.00 and set an “outperform” rating for the company in a report on Tuesday, March 19th. Finally, UBS Group boosted their target price on Morgan Stanley from $80.00 to $95.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $95.66.

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