Corient Private Wealth LLC Increases Stake in Morgan Stanley $MS

Corient Private Wealth LLC grew its holdings in shares of Morgan Stanley (NYSE:MS) by 142.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,122,060 shares of the financial services provider’s stock after purchasing an additional 1,833,844 shares during the quarter. Corient Private Wealth LLC owned approximately 0.20% of Morgan Stanley worth $511,723,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Motiv8 Investments LLC purchased a new position in shares of Morgan Stanley in the fourth quarter worth about $25,000. Olistico Wealth LLC purchased a new stake in Morgan Stanley during the 4th quarter valued at about $27,000. Lodestone Wealth Management LLC purchased a new stake in Morgan Stanley during the 4th quarter valued at about $28,000. WFA of San Diego LLC acquired a new stake in Morgan Stanley in the 2nd quarter valued at about $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in Morgan Stanley in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Evercore boosted their target price on Morgan Stanley from $190.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Bank of America increased their price target on Morgan Stanley from $220.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, April 16th. JPMorgan Chase & Co. lifted their price objective on Morgan Stanley from $179.00 to $187.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. BNP Paribas Exane boosted their price objective on Morgan Stanley from $195.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, HSBC upped their target price on Morgan Stanley from $153.00 to $177.00 and gave the company a “hold” rating in a report on Friday, April 17th. Twelve investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $206.35.

Morgan Stanley Price Performance

MS stock opened at $223.69 on Friday. The business has a fifty day moving average of $198.14 and a two-hundred day moving average of $182.49. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 3.52. The stock has a market cap of $352.82 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.69 and a beta of 1.23. Morgan Stanley has a 52-week low of $130.90 and a 52-week high of $230.47.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $3.43 EPS for the quarter, beating the consensus estimate of $3.02 by $0.41. Morgan Stanley had a return on equity of 17.70% and a net margin of 14.65%.The business had revenue of $20.58 billion for the quarter, compared to analyst estimates of $19.23 billion. During the same quarter in the prior year, the company posted $2.60 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, research analysts anticipate that Morgan Stanley will post 11.87 earnings per share for the current year.

Morgan Stanley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.8%. The ex-dividend date was Thursday, April 30th. Morgan Stanley’s payout ratio is 36.23%.

Insider Buying and Selling at Morgan Stanley

In other Morgan Stanley news, insider Eric F. Grossman sold 11,118 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $190.75, for a total transaction of $2,120,758.50. Following the completion of the transaction, the insider owned 169,403 shares of the company’s stock, valued at $32,313,622.25. This trade represents a 6.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Andrew M. Saperstein sold 51,668 shares of Morgan Stanley stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $188.59, for a total transaction of $9,744,068.12. Following the sale, the insider owned 282,142 shares of the company’s stock, valued at approximately $53,209,159.78. This represents a 15.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 77,476 shares of company stock valued at $14,644,762 over the last 90 days. 0.17% of the stock is owned by insiders.

Key Stories Impacting Morgan Stanley

Here are the key news stories impacting Morgan Stanley this week:

• Positive Sentiment: Morgan Stanley Investment Management and Ridgeback Group agreed to buy Metra Living for £1.045 billion, expanding MS into U.K. rental housing and underscoring its private-markets and real estate growth strategy. Morgan Stanley (MS) Buys Into UK Rentals With £1.045b Metra Living Deal
• Positive Sentiment: Recent coverage says Morgan Stanley is also benefiting from renewed investor enthusiasm for banks, with the broader financial sector hitting records ahead of the Fed meeting, which is helping support MS sentiment. Big Bank Stocks Hit Records Ahead of Fed Meeting
• Positive Sentiment: News flow continues to frame MS as a long-term growth and wealth-management winner, with commentary highlighting its ambition to reach $10 trillion in client assets and potential upside from a future SpaceX IPO mandate. Morgan Stanley (MS) Is Chasing $10 Trillion In Wealth And A SpaceX Boost
• Neutral Sentiment: Other headlines around Morgan Stanley today were mostly research-related, including notes on oil and sector calls, which are more likely to affect sentiment around specific industries than MS’s core earnings outlook.

Morgan Stanley Company Profile

Morgan Stanley (NYSE: MS) is a global financial services firm headquartered in New York City. Founded in 1935 by Henry S. Morgan and Harold Stanley, the company provides a broad range of investment banking, securities, wealth management and investment management services to corporations, governments, institutions and individual investors. Leadership has been guided by a senior executive team and board of directors; James P. Gorman has served as the company’s chief executive and chairman in recent years.

The firm’s primary business activities are organized around three principal businesses: Institutional Securities, Wealth Management and Investment Management.