Mindset Wealth Management LLC Has $910,000 Stock Position in Morgan Stanley (NYSE:MS)

Mindset Wealth Management LLC cut its stake in Morgan Stanley (NYSE:MS) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,238 shares of the financial services provider’s stock after selling 512 shares during the period. Morgan Stanley comprises approximately 0.3% of Mindset Wealth Management LLC’s holdings, making the stock its 23rd largest holding. Mindset Wealth Management LLC’s holdings in Morgan Stanley were worth $910,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Peoples Bank KS acquired a new stake in shares of Morgan Stanley in the 4th quarter valued at about $25,000. IAG Wealth Partners LLC bought a new position in Morgan Stanley during the fourth quarter worth about $28,000. Curio Wealth LLC bought a new stake in shares of Morgan Stanley during the fourth quarter worth approximately $31,000. Stonebridge Financial Group LLC bought a new stake in shares of Morgan Stanley during the fourth quarter worth approximately $35,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Morgan Stanley in the fourth quarter valued at approximately $43,000. 84.19% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Morgan Stanley

In other Morgan Stanley news, insider Eric F. Grossman sold 13,097 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $136.20, for a total transaction of $1,783,811.40. Following the sale, the insider now owns 197,444 shares of the company’s stock, valued at approximately $26,891,872.80. This trade represents a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Raja Akram sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $136.01, for a total transaction of $2,380,175.00. Following the transaction, the chief financial officer now owns 81,440 shares in the company, 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. Insiders own 0.24% of the company’s stock.

Morgan Stanley Price Performance

Morgan Stanley stock opened at $120.49 on Friday. The firm has a 50-day moving average price of $130.61 and a 200-day moving average price of $122.69. The firm has a market capitalization of $194.34 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of 1.18 and a beta of 1.35. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.14. Morgan Stanley has a 12-month low of $85.01 and a 12-month high of $142.03.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $2.22 EPS for the quarter, beating the consensus estimate of $1.54 by $0.68. The business had revenue of $16.23 billion during the quarter, compared to analyst estimates of $15.03 billion. Morgan Stanley had a net margin of 12.48% and a return on equity of 14.39%. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.13 EPS. As a group, equities research analysts forecast that Morgan Stanley will post 8.56 EPS for the current year.

Morgan Stanley Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.925 per share. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Friday, January 31st. Morgan Stanley’s payout ratio is 46.60%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MS. HSBC downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating and upped their price target for the stock from $128.00 to $131.00 in a report on Tuesday, November 26th. Bank of America upped their price target on shares of Morgan Stanley from $146.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Citigroup increased their price objective on shares of Morgan Stanley from $105.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Evercore ISI increased their price objective on shares of Morgan Stanley from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Finally, UBS Group upped 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $131.60.

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.