First Financial Corp IN Acquires 202 Shares of Morgan Stanley (NYSE:MS)

First Financial Corp IN lifted its position in Morgan Stanley (NYSE:MSFree Report) by 20.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,179 shares of the financial services provider’s stock after acquiring an additional 202 shares during the quarter. First Financial Corp IN’s holdings in Morgan Stanley were worth $111,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Wallace Advisory Group LLC boosted its position in Morgan Stanley by 6.1% in the 1st quarter. Wallace Advisory Group LLC now owns 3,118 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 179 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its position in Morgan Stanley by 1.9% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 16,295 shares of the financial services provider’s stock worth $1,534,000 after purchasing an additional 311 shares in the last quarter. Mechanics Bank Trust Department boosted its position in Morgan Stanley by 8.1% in the 1st quarter. Mechanics Bank Trust Department now owns 2,326 shares of the financial services provider’s stock worth $219,000 after purchasing an additional 174 shares in the last quarter. Riverview Trust Co purchased a new stake in Morgan Stanley in the 1st quarter worth approximately $134,000. Finally, Annex Advisory Services LLC boosted its position in Morgan Stanley by 12.0% in the 1st quarter. Annex Advisory Services LLC now owns 238,497 shares of the financial services provider’s stock worth $22,457,000 after purchasing an additional 25,575 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Insider Transactions at Morgan Stanley

In other Morgan Stanley news, Chairman James P. Gorman sold 100,000 shares of Morgan Stanley stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $90.21, for a total value of $9,021,000.00. Following the completion of the sale, the chairman now directly owns 414,870 shares of the company’s stock, valued at approximately $37,425,422.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Morgan Stanley news, Chairman James P. Gorman sold 100,000 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $90.21, for a total value of $9,021,000.00. Following the transaction, the chairman now owns 414,870 shares in the company, valued at approximately $37,425,422.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles Aubrey Smith III sold 11,200 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $90.09, for a total transaction of $1,009,008.00. Following the sale, the insider now directly owns 126,190 shares of the company’s stock, valued at approximately $11,368,457.10. The disclosure for this sale can be found here. Insiders sold a total of 118,154 shares of company stock valued at $10,722,696 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Morgan Stanley Stock Performance

Shares of MS traded up $0.70 during mid-day trading on Tuesday, hitting $97.80. 7,467,505 shares of the company’s stock were exchanged, compared to its average volume of 7,658,223. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.97. The firm has a market capitalization of $158.94 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.18 and a beta of 1.38. Morgan Stanley has a fifty-two week low of $69.42 and a fifty-two week high of $103.25. The business’s 50 day moving average is $96.06 and its two-hundred day moving average is $91.43.

Morgan Stanley (NYSE:MSGet Free Report) last announced its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.33. The firm had revenue of $15.14 billion during the quarter, compared to the consensus estimate of $14.42 billion. Morgan Stanley had a net margin of 9.57% and a return on equity of 10.88%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.70 earnings per share. On average, equities analysts expect that Morgan Stanley will post 6.82 earnings per share for the current year.

Morgan Stanley Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.48%. Morgan Stanley’s payout ratio is 61.93%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Jefferies Financial Group increased their target price on Morgan Stanley from $107.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. TheStreet upgraded shares of Morgan Stanley from a “c+” rating to a “b” rating in a research report on Wednesday, March 6th. Cfra upped their price target on shares of Morgan Stanley from $97.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. HSBC upped their price target on shares of Morgan Stanley from $100.00 to $102.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Finally, Oppenheimer upped their price target on shares of Morgan Stanley from $101.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $98.30.

View Our Latest Stock Analysis on MS

About Morgan Stanley

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morgan Stanley (NYSE:MSFree Report).

Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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