Texas Capital Bank Wealth Management Services Inc Sells 1,278 Shares of Morgan Stanley (NYSE:MS)

Texas Capital Bank Wealth Management Services Inc reduced its holdings in Morgan Stanley (NYSE:MS) by 1.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 83,708 shares of the financial services provider’s stock after selling 1,278 shares during the quarter. Morgan Stanley comprises 1.1% of Texas Capital Bank Wealth Management Services Inc’s holdings, making the stock its 17th biggest holding. Texas Capital Bank Wealth Management Services Inc’s holdings in Morgan Stanley were worth $10,524,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Morgan Stanley during the fourth quarter worth approximately $1,910,200,000. Franklin Resources Inc. boosted its position in Morgan Stanley by 75.2% in the third quarter. Franklin Resources Inc. now owns 7,850,848 shares of the financial services provider’s stock valued at $881,493,000 after buying an additional 3,369,520 shares in the last quarter. FMR LLC increased its position in Morgan Stanley by 11.9% in the 4th quarter. FMR LLC now owns 25,561,560 shares of the financial services provider’s stock valued at $3,213,599,000 after acquiring an additional 2,725,335 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Morgan Stanley in the 4th quarter valued at $324,118,000. Finally, Schroder Investment Management Group boosted its stake in Morgan Stanley by 50.8% during the fourth quarter. Schroder Investment Management Group now owns 7,282,156 shares of the financial services provider’s stock worth $915,731,000 after acquiring an additional 2,453,470 shares in the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Eric F. Grossman sold 13,097 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $136.20, for a total value of $1,783,811.40. Following the completion of the sale, the insider now owns 197,444 shares of the company’s stock, valued at $26,891,872.80. This trade represents a 6.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Raja Akram sold 17,500 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $136.01, for a total value of $2,380,175.00. Following the completion of the sale, the chief financial officer now owns 81,440 shares of the company’s stock, valued at approximately $11,076,654.40. This trade represents a 17.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Morgan Stanley Trading Down 3.5 %

NYSE MS traded down $3.89 on Thursday, hitting $107.81. 1,801,952 shares of the stock were exchanged, compared to its average volume of 6,769,645. The firm has a market capitalization of $173.88 billion, a P/E ratio of 13.58, a P/E/G ratio of 1.18 and a beta of 1.30. Morgan Stanley has a 52-week low of $85.01 and a 52-week high of $142.03. The stock has a fifty day moving average price of $123.71 and a two-hundred day moving average price of $124.22. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80.

Morgan Stanley (NYSE:MS) last released its earnings results on Thursday, January 16th. The financial services provider reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.68. The firm had revenue of $16.23 billion for the quarter, compared to analysts’ expectations of $15.03 billion. Morgan Stanley had a return on equity of 14.39% and a net margin of 12.48%. The company’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.13 earnings per share. Research analysts forecast that Morgan Stanley will post 8.56 EPS for the current fiscal year.

Morgan Stanley Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.925 per share. This represents a $3.70 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Friday, January 31st. Morgan Stanley’s dividend payout ratio (DPR) is presently 46.60%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MS. JPMorgan Chase & Co. dropped their target price on Morgan Stanley from $129.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Bank of America cut their price objective on shares of Morgan Stanley from $150.00 to $144.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Barclays boosted their price objective on shares of Morgan Stanley from $155.00 to $156.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Erste Group Bank lowered Morgan Stanley from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Finally, UBS Group increased their target price 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. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $129.87.

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.