CIBC Private Wealth Group LLC Has $38.36 Million Holdings in Morgan Stanley (NYSE:MS)

CIBC Private Wealth Group LLC increased its position in shares of Morgan Stanley (NYSE:MS) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 300,015 shares of the financial services provider’s stock after purchasing an additional 11,710 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Morgan Stanley were worth $38,360,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in Morgan Stanley by 0.8% during the third quarter. Principal Financial Group Inc. now owns 4,711,805 shares of the financial services provider’s stock valued at $491,159,000 after purchasing an additional 36,120 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Morgan Stanley by 0.7% in the 3rd quarter. Captrust Financial Advisors now owns 122,900 shares of the financial services provider’s stock valued at $12,811,000 after purchasing an additional 845 shares during the last quarter. L.M. Kohn & Company raised its holdings in shares of Morgan Stanley by 12.8% during the 3rd quarter. L.M. Kohn & Company now owns 3,022 shares of the financial services provider’s stock worth $315,000 after buying an additional 344 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of Morgan Stanley during the 3rd quarter worth $3,505,000. Finally, Erste Asset Management GmbH acquired a new stake in Morgan Stanley in the third quarter valued at about $46,067,000. 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 13,097 shares of the stock in a transaction dated 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 transaction, the insider now owns 197,444 shares of the company’s stock, valued at $26,891,872.80. This 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 link. Also, CFO Raja Akram sold 17,500 shares of the business’s 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 directly owns 81,440 shares of the company’s stock, 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 own 0.24% of the company’s stock.

Morgan Stanley Trading Down 3.2 %

MS opened at $115.23 on Monday. Morgan Stanley has a twelve month low of $85.01 and a twelve month high of $142.03. The company has a fifty day moving average of $129.61 and a 200-day moving average of $123.97. The stock has a market cap of $185.85 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.18 and a beta of 1.35. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Thursday, January 16th. The financial services provider reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.68. Morgan Stanley had a return on equity of 14.39% and a net margin of 12.48%. The firm had revenue of $16.23 billion during the quarter, compared to the consensus estimate of $15.03 billion. During the same period last year, the business posted $1.13 EPS. The business’s revenue was up 25.9% compared to the same quarter last year. On average, sell-side analysts predict that Morgan Stanley will post 8.56 EPS for the current year.

Morgan Stanley Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 3.21%. The ex-dividend date was Friday, January 31st. Morgan Stanley’s payout ratio is 46.60%.

Analysts Set New Price Targets

A number of research analysts have recently commented on MS shares. The Goldman Sachs Group dropped their target price on shares of Morgan Stanley from $144.00 to $126.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. JPMorgan Chase & Co. increased their price objective on shares of Morgan Stanley from $124.00 to $129.00 and gave the company a “neutral” rating in a research note on Tuesday, March 25th. Barclays boosted their target price on shares of Morgan Stanley from $155.00 to $156.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Bank of America increased their price target on Morgan Stanley from $146.00 to $153.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Finally, UBS Group boosted their price objective on Morgan Stanley from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $131.53.

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.