Integrated Wealth Concepts LLC Grows Stock Position in Morgan Stanley (NYSE:MS)

Integrated Wealth Concepts LLC boosted its stake in shares of Morgan Stanley (NYSE:MS) by 3.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,221 shares of the financial services provider’s stock after acquiring an additional 1,096 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Morgan Stanley were worth $4,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of MS. Peoples Bank KS bought a new stake in Morgan Stanley during the 4th quarter valued at $25,000. IAG Wealth Partners LLC purchased a new position in Morgan Stanley during the 4th quarter valued at about $28,000. Curio Wealth LLC purchased a new stake in Morgan Stanley in the 4th quarter worth approximately $31,000. Crowley Wealth Management Inc. purchased a new position in shares of Morgan Stanley during the fourth quarter valued at approximately $34,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Morgan Stanley during the fourth quarter valued at approximately $35,000. 84.19% of the stock is currently owned by institutional investors.

Morgan Stanley Stock Up 0.3 %

MS stock opened at $115.98 on Friday. The stock has a market capitalization of $187.06 billion, a P/E ratio of 14.61, a P/E/G ratio of 1.18 and a beta of 1.30. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.80 and a quick ratio of 0.80. Morgan Stanley has a 1-year low of $90.55 and a 1-year high of $142.03. The business has a fifty day moving average price of $116.88 and a 200-day moving average price of $124.51.

Morgan Stanley (NYSE:MS) last issued its earnings results on Friday, April 11th. The financial services provider reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.39. The business had revenue of $17.74 billion during the quarter, compared to analyst estimates of $16.81 billion. Morgan Stanley had a return on equity of 14.39% and a net margin of 12.48%. Morgan Stanley’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.02 EPS. Equities analysts forecast that Morgan Stanley will post 8.56 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.925 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $3.70 dividend on an annualized basis and a yield of 3.19%. Morgan Stanley’s dividend payout ratio is presently 43.43%.

Insider Activity

In other news, insider Eric F. Grossman sold 10,068 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $111.65, for a total value of $1,124,092.20. Following the transaction, the insider now owns 199,274 shares in the company, valued at $22,248,942.10. This represents a 4.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MS. UBS Group upped their price objective on shares of Morgan Stanley from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Keefe, Bruyette & Woods upped their target price on Morgan Stanley from $138.00 to $145.00 and gave the stock a “market perform” rating in a report on Friday, January 17th. The Goldman Sachs Group reduced their price target on Morgan Stanley from $144.00 to $126.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Evercore ISI dropped their target price on shares of Morgan Stanley from $150.00 to $138.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Finally, Barclays lifted their price target on shares of Morgan Stanley from $155.00 to $156.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Morgan Stanley has a consensus rating of “Hold” and an average target price of $130.50.

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.