Curio Wealth LLC Makes New $31,000 Investment in Morgan Stanley (NYSE:MS)

Curio Wealth LLC purchased a new position in shares of Morgan Stanley (NYSE:MS) during the fourth quarter, Holdings Channel.com reports. The firm purchased 250 shares of the financial services provider’s stock, valued at approximately $31,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 1ST Source Bank raised its position in shares of Morgan Stanley by 0.5% during the fourth 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. TCTC Holdings LLC raised its position in shares of Morgan Stanley by 2.6% during the fourth 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. Signaturefd LLC raised its position in shares of Morgan Stanley by 2.8% during the fourth quarter. Signaturefd LLC now owns 24,692 shares of the financial services provider’s stock worth $3,104,000 after purchasing an additional 676 shares during the period. Parallel Advisors LLC raised its position in shares of Morgan Stanley by 0.7% during the fourth quarter. Parallel Advisors LLC now owns 52,677 shares of the financial services provider’s stock worth $6,623,000 after purchasing an additional 363 shares during the period. Finally, SouthState Corp raised its position in shares of Morgan Stanley by 1.7% during the fourth quarter. SouthState Corp now owns 18,354 shares of the financial services provider’s stock worth $2,307,000 after purchasing an additional 301 shares during the period. 84.19% of the stock is currently owned by institutional investors.

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 dated Tuesday, January 21st. The stock was sold at an average price of $136.20, for a total value of $1,783,811.40. Following the completion of the transaction, the insider now owns 197,444 shares in the company, valued at $26,891,872.80. This trade represents a 6.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Raja Akram sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $136.01, for a total value of $2,380,175.00. Following the completion of the transaction, the chief financial officer now owns 81,440 shares of the company’s stock, valued at approximately $11,076,654.40. This represents a 17.69 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

Morgan Stanley Stock Up 2.5 %

Shares of NYSE:MS opened at $118.21 on Tuesday. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $190.66 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 1.18 and a beta of 1.35. Morgan Stanley has a 1 year low of $85.01 and a 1 year high of $142.03. The business has a fifty day moving average price of $131.09 and a two-hundred day moving average price of $122.62.

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

Morgan Stanley Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.925 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $3.70 annualized dividend and a dividend yield of 3.13%. Morgan Stanley’s payout ratio is 46.60%.

Analyst Upgrades and Downgrades

MS has been the subject of a number of analyst reports. UBS Group increased their price target on Morgan Stanley from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Hsbc Global Res lowered Morgan Stanley from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. increased their price target on Morgan Stanley from $104.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. 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 report on Friday, January 17th. Finally, Citigroup increased their price target on Morgan Stanley from $105.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $131.27.

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.