Groesbeck Investment Management Corp NJ Invests $205,000 in Morgan Stanley (NYSE:MS)

Groesbeck Investment Management Corp NJ acquired a new position in shares of Morgan Stanley (NYSE:MS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,200 shares of the financial services provider’s stock, valued at approximately $205,000.

Other hedge funds also recently modified their holdings of the company. CGC Financial Services LLC increased its holdings in shares of Morgan Stanley by 5,200.0% in the fourth 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 in the last quarter. RVW Wealth LLC acquired a new stake in shares of Morgan Stanley in the third quarter valued at approximately $27,000. Glass Jacobson Investment Advisors llc increased 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 valued at $27,000 after purchasing an additional 143 shares in the last quarter. Janiczek Wealth Management LLC increased its holdings in shares of Morgan Stanley by 810.8% in the third quarter. Janiczek Wealth Management LLC now owns 337 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 300 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. acquired a new stake in shares of Morgan Stanley in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 84.19% of the company’s stock.

Morgan Stanley Trading Up 0.7 %

Shares of NYSE MS traded up $0.67 during midday trading on Thursday, reaching $90.75. 2,110,355 shares of the stock were exchanged, compared to its average volume of 8,850,786. The business has a 50-day simple moving average of $88.73 and a two-hundred day simple moving average of $84.81. The company has a market capitalization of $147.62 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 1.80 and a beta of 1.43. Morgan Stanley has a 12 month low of $69.42 and a 12 month high of $95.57. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.75 and a quick ratio of 0.75.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $2.02 EPS for the quarter, beating the consensus estimate of $1.69 by $0.33. The business had revenue of $15.14 billion for the quarter, compared to analysts’ expectations of $14.42 billion. Morgan Stanley had a net margin of 9.57% and a return on equity of 10.87%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.70 EPS. As a group, equities research analysts expect that Morgan Stanley will post 6.36 EPS for the current year.

Morgan Stanley Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.85 dividend. The ex-dividend date is Monday, April 29th. This represents a $3.40 annualized dividend and a yield of 3.75%. Morgan Stanley’s dividend payout ratio is currently 61.93%.

Insider Activity at Morgan Stanley

In related news, Chairman James P. Gorman sold 100,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $87.30, for a total value of $8,730,000.00. Following the sale, the chairman now directly owns 350,000 shares of the company’s stock, valued at approximately $30,555,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Morgan Stanley news, insider Andrew M. Saperstein sold 10,000 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $84.13, for a total transaction of $841,300.00. Following the sale, the insider now directly owns 323,490 shares of the company’s stock, valued at approximately $27,215,213.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman James P. Gorman sold 100,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $87.30, for a total transaction of $8,730,000.00. Following the sale, the chairman now directly owns 350,000 shares in the company, valued at $30,555,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 201,155 shares of company stock valued at $17,564,394. 0.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MS has been the subject of a number of research reports. Oppenheimer raised their price target on shares of Morgan Stanley from $97.00 to $101.00 and gave the company an “outperform” rating in a report on Wednesday. TheStreet raised shares of Morgan Stanley from a “c+” rating to a “b” rating in a report on Wednesday, March 6th. Jefferies Financial Group raised their price target on shares of Morgan Stanley from $107.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets lifted their target price on shares of Morgan Stanley from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Morgan Stanley in a report on Thursday. Thirteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $97.79.

About Morgan Stanley

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.