Delphi Management Inc. MA Sells 2,683 Shares of Morgan Stanley (NYSE:MS)

Delphi Management Inc. MA lowered its position in shares of Morgan Stanley (NYSE:MS) by 18.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,079 shares of the financial services provider’s stock after selling 2,683 shares during the quarter. Morgan Stanley accounts for approximately 1.5% of Delphi Management Inc. MA’s investment portfolio, making the stock its 23rd biggest holding. Delphi Management Inc. MA’s holdings in Morgan Stanley were worth $1,519,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Flagship Wealth Advisors LLC bought a new position in shares of Morgan Stanley during the 4th quarter worth approximately $50,000. Cozad Asset Management Inc. bought a new position in shares of Morgan Stanley during the 4th quarter worth approximately $229,000. Curio Wealth LLC bought a new stake in shares of Morgan Stanley in the 4th quarter worth approximately $31,000. 1ST Source Bank raised its holdings in shares of Morgan Stanley by 0.5% in the 4th quarter. 1ST Source Bank now owns 15,925 shares of the financial services provider’s stock worth $2,002,000 after purchasing an additional 73 shares during the period. Finally, TCTC Holdings LLC raised its holdings in shares of Morgan Stanley by 2.6% in the 4th quarter. TCTC Holdings LLC now owns 21,410 shares of the financial services provider’s stock worth $2,692,000 after purchasing an additional 535 shares during the period. Institutional investors own 84.19% of the company’s stock.

Analysts Set New Price Targets

MS has been the topic of a number of research reports. Citigroup lifted their price target on shares of Morgan Stanley from $105.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. UBS Group lifted their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Morgan Stanley from $104.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Hsbc Global Res cut shares of Morgan Stanley from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, HSBC cut shares of Morgan Stanley from a “buy” rating to a “hold” rating and lifted their price target for the stock from $128.00 to $131.00 in a report on Tuesday, November 26th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Morgan Stanley currently has a consensus rating of “Hold” and a consensus target price of $131.27.

Morgan Stanley Stock Up 2.5 %

MS opened at $118.21 on Tuesday. The company has a fifty day moving average price of $131.09 and a 200-day moving average price of $122.62. The firm has a market capitalization of $190.66 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 1.18 and a beta of 1.35. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.80 and a quick ratio of 0.80. Morgan Stanley has a one year low of $85.01 and a one year high of $142.03.

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

Morgan Stanley Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.925 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $3.70 annualized dividend and a yield of 3.13%. Morgan Stanley’s dividend payout ratio (DPR) is presently 46.60%.

Insiders Place Their Bets

In other Morgan Stanley news, insider Eric F. Grossman sold 13,097 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $136.20, for a total value of $1,783,811.40. Following the completion of the sale, the insider now directly owns 197,444 shares of the company’s stock, valued at $26,891,872.80. The trade was a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Raja Akram sold 17,500 shares of the business’s stock in a transaction 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 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. This represents a 17.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

Morgan Stanley Company 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.