Goldstream Capital Management Ltd Sells 1,710 Shares of Morgan Stanley (NYSE:MS)

Goldstream Capital Management Ltd reduced its holdings in shares of Morgan Stanley (NYSE:MS) by 41.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,377 shares of the financial services provider’s stock after selling 1,710 shares during the quarter. Goldstream Capital Management Ltd’s holdings in Morgan Stanley were worth $299,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Morgan Stanley news, insider Eric F. Grossman sold 10,068 shares of Morgan Stanley 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 completion of the sale, the insider now owns 199,274 shares of the company’s stock, valued at approximately $22,248,942.10. The trade was a 4.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Raja Akram sold 17,500 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 81,440 shares in the company, valued at $11,076,654.40. The trade was a 17.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,665 shares of company stock worth $5,288,079 in the last three months. Insiders own 0.19% of the company’s stock.

Morgan Stanley Price Performance

MS opened at $109.06 on Monday. Morgan Stanley has a 12-month low of $90.55 and a 12-month high of $142.03. The company has a market cap of $175.89 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.14. The stock has a fifty day simple moving average of $119.53 and a two-hundred day simple moving average of $124.59.

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

Morgan Stanley Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.925 per share. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Wednesday, April 30th. Morgan Stanley’s payout ratio is 43.43%.

Analysts Set New Price Targets

MS has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Morgan Stanley from $130.00 to $120.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Erste Group Bank lowered Morgan Stanley from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Evercore ISI cut their target price on Morgan Stanley from $150.00 to $138.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods lifted 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. Finally, Barclays boosted their price target on Morgan Stanley from $155.00 to $156.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $130.50.

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.