Cary Street Partners Financial LLC Has $5.66 Million Stock Position in Morgan Stanley $MS

Cary Street Partners Financial LLC grew its holdings in shares of Morgan Stanley (NYSE:MS) by 60.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 40,195 shares of the financial services provider’s stock after acquiring an additional 15,142 shares during the period. Cary Street Partners Financial LLC’s holdings in Morgan Stanley were worth $5,662,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Princeton Global Asset Management LLC raised its position in Morgan Stanley by 645.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 155 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its stake in shares of Morgan Stanley by 111.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 211 shares of the financial services provider’s stock valued at $25,000 after buying an additional 111 shares during the period. Compass Financial Services Inc bought a new position in shares of Morgan Stanley during the second quarter worth about $32,000. RMG Wealth Management LLC acquired a new position in shares of Morgan Stanley in the second quarter worth approximately $35,000. Finally, Abound Wealth Management boosted its holdings in Morgan Stanley by 58.5% in the second quarter. Abound Wealth Management now owns 252 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 84.19% of the company’s stock.

Insider Buying and Selling

In other news, CEO Edward Pick sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $164.34, for a total transaction of $16,434,000.00. Following the completion of the sale, the chief executive officer owned 574,986 shares in the company, valued at $94,493,199.24. The trade was a 14.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.19% of the company’s stock.

Morgan Stanley Trading Up 1.0%

NYSE:MS opened at $176.64 on Monday. Morgan Stanley has a 12 month low of $94.33 and a 12 month high of $177.32. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 3.27. The stock has a market capitalization of $280.74 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 1.45 and a beta of 1.22. The firm has a fifty day simple moving average of $162.61 and a two-hundred day simple moving average of $149.57.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.73. The company had revenue of $17.98 billion for the quarter, compared to analysts’ expectations of $16.42 billion. Morgan Stanley had a net margin of 13.85% and a return on equity of 16.40%. The business’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.88 EPS. Analysts expect that Morgan Stanley will post 8.56 EPS for the current fiscal year.

Morgan Stanley Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were issued a $1.00 dividend. The ex-dividend date was Friday, October 31st. This represents a $4.00 annualized dividend and a yield of 2.3%. Morgan Stanley’s dividend payout ratio is presently 41.03%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Zacks Research upgraded shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. Wells Fargo & Company lifted their target price on shares of Morgan Stanley from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 16th. Citigroup boosted their target price on shares of Morgan Stanley from $155.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Evercore ISI increased their price target on Morgan Stanley from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Finally, Keefe, Bruyette & Woods lifted their price objective on Morgan Stanley from $176.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Morgan Stanley presently has a consensus rating of “Moderate Buy” and an average target price of $173.38.

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.