OLD National Bancorp IN Acquires 1,168 Shares of Morgan Stanley (NYSE:MS)

OLD National Bancorp IN boosted its holdings in Morgan Stanley (NYSE:MS) by 8.3% in the fourth quarter, Holdings Channel reports. The firm owned 15,182 shares of the financial services provider’s stock after purchasing an additional 1,168 shares during the quarter. OLD National Bancorp IN’s holdings in Morgan Stanley were worth $1,416,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Institute for Wealth Management LLC. grew its position in shares of Morgan Stanley by 3.6% in the 4th quarter. Institute for Wealth Management LLC. now owns 17,578 shares of the financial services provider’s stock valued at $1,639,000 after acquiring an additional 618 shares during the period. Wolff Wiese Magana LLC lifted its stake in shares of Morgan Stanley by 3.2% during the 3rd quarter. Wolff Wiese Magana LLC now owns 18,896 shares of the financial services provider’s stock worth $1,543,000 after buying an additional 580 shares during the last quarter. Calamos Wealth Management LLC lifted its stake in shares of Morgan Stanley by 2.9% during the 3rd quarter. Calamos Wealth Management LLC now owns 10,400 shares of the financial services provider’s stock worth $849,000 after buying an additional 290 shares during the last quarter. Dakota Wealth Management lifted its stake in shares of Morgan Stanley by 16.2% during the 3rd quarter. Dakota Wealth Management now owns 12,803 shares of the financial services provider’s stock worth $1,046,000 after buying an additional 1,785 shares during the last quarter. Finally, Hartford Financial Management Inc. lifted its stake in shares of Morgan Stanley by 17.9% during the 4th quarter. Hartford Financial Management Inc. now owns 917 shares of the financial services provider’s stock worth $86,000 after buying an additional 139 shares during the last quarter. Institutional investors own 84.19% of the company’s stock.

Wall Street Analyst Weigh In

MS has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of Morgan Stanley from $94.00 to $98.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 17th. Cfra lifted their price objective on shares of Morgan Stanley from $97.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Jefferies Financial Group raised their target price on shares of Morgan Stanley from $107.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. TheStreet raised shares of Morgan Stanley from a “c+” rating to a “b” rating in a report on Wednesday, March 6th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $91.00 target price on shares of Morgan Stanley in a report on Wednesday, March 27th. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Morgan Stanley currently has an average rating of “Hold” and an average target price of $98.07.

Insiders Place Their Bets

In other Morgan Stanley news, insider Charles Aubrey Smith III sold 11,200 shares of the business’s stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Morgan Stanley news, insider Charles Aubrey Smith III sold 11,200 shares of the business’s stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew M. Saperstein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $87.92, for a total transaction of $879,200.00. Following the sale, the insider now directly owns 313,490 shares in the company, valued at $27,562,040.80. The disclosure for this sale can be found here. Insiders have sold 302,355 shares of company stock valued at $26,753,102 in the last ninety days. 0.24% of the stock is currently owned by insiders.

Morgan Stanley Trading Up 1.9 %

Shares of Morgan Stanley stock opened at $93.82 on Wednesday. The firm has a market capitalization of $152.61 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 1.75 and a beta of 1.43. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.89. The firm’s 50 day moving average is $89.22 and its 200 day moving average is $85.20. Morgan Stanley has a 1 year low of $69.42 and a 1 year high of $95.57.

Morgan Stanley (NYSE:MS) last posted its earnings results on Tuesday, April 16th. The financial services provider reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.33. Morgan Stanley had a net margin of 9.57% and a return on equity of 10.87%. The firm had revenue of $15.14 billion for the quarter, compared to analyst estimates of $14.42 billion. During the same period in the previous year, the firm posted $1.70 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts forecast that Morgan Stanley will post 6.77 earnings per share for the current fiscal year.

Morgan Stanley Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Monday, April 29th. Morgan Stanley’s payout ratio is 61.93%.

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.