TrinityPoint Wealth LLC Has $222,000 Stock Position in Morgan Stanley (NYSE:MS)

TrinityPoint Wealth LLC reduced its position in shares of Morgan Stanley (NYSE:MS) by 12.9% in the 4th quarter, Holdings Channel reports. The firm owned 1,763 shares of the financial services provider’s stock after selling 260 shares during the period. TrinityPoint Wealth LLC’s holdings in Morgan Stanley were worth $222,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC 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 shares of Morgan Stanley during the fourth quarter worth $28,000. Curio Wealth LLC acquired a new position in shares of Morgan Stanley during the fourth quarter worth $31,000. Ancora Advisors LLC grew its stake in shares of Morgan Stanley by 104.7% in the fourth quarter. Ancora Advisors LLC now owns 264 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 135 shares during the last quarter. Finally, Crowley Wealth Management Inc. bought a new stake in shares of Morgan Stanley in the fourth quarter worth $34,000. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Morgan Stanley

In other news, insider Eric F. Grossman sold 10,068 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $111.65, for a total transaction of $1,124,092.20. Following the transaction, the insider now owns 199,274 shares of the company’s stock, valued at $22,248,942.10. This represents a 4.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert H. Herz sold 800 shares of the firm’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $119.32, for a total transaction of $95,456.00. Following the completion of the transaction, the director now directly owns 96,760 shares in the company, valued at approximately $11,545,403.20. The trade was a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,868 shares of company stock valued at $6,019,548 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MS has been the topic of several analyst reports. Erste Group Bank cut shares of Morgan Stanley from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Evercore ISI reduced their price objective on shares of Morgan Stanley from $150.00 to $138.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. UBS Group boosted their price objective on shares of Morgan Stanley from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Bank of America reduced their price objective on shares of Morgan Stanley from $150.00 to $144.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Finally, Citigroup reduced their price objective on shares of Morgan Stanley from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Morgan Stanley currently has a consensus rating of “Hold” and a consensus price target of $132.46.

Morgan Stanley Stock Performance

Shares of MS opened at $132.08 on Monday. 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 market capitalization of $211.90 billion, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. The firm’s fifty day simple moving average is $115.71 and its two-hundred day simple moving average is $125.28. Morgan Stanley has a 12 month low of $90.94 and a 12 month high of $142.03.

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

Morgan Stanley Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.925 per share. The ex-dividend date was Wednesday, April 30th. This represents a $3.70 dividend on an annualized basis and a dividend yield of 2.80%. Morgan Stanley’s dividend payout ratio (DPR) is presently 43.43%.

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.