Oak Harvest Investment Services Has $13.56 Million Position in Morgan Stanley (NYSE:MS)

Oak Harvest Investment Services reduced its position in shares of Morgan Stanley (NYSE:MS) by 23.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,830 shares of the financial services provider’s stock after selling 33,184 shares during the period. Morgan Stanley accounts for about 1.9% of Oak Harvest Investment Services’ holdings, making the stock its 8th biggest position. Oak Harvest Investment Services’ holdings in Morgan Stanley were worth $13,556,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Peoples Bank KS purchased a new position in shares of Morgan Stanley in the 4th quarter worth about $25,000. Northwest Investment Counselors LLC purchased a new position in Morgan Stanley in the third quarter valued at about $26,000. Rakuten Securities Inc. grew its position in shares of Morgan Stanley by 138.1% during the 3rd quarter. Rakuten Securities Inc. now owns 300 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 174 shares during the period. Capital Performance Advisors LLP purchased a new position in Morgan Stanley in the third quarter valued at approximately $36,000. Finally, Planning Capital Management Corp grew its holdings in Morgan Stanley by 115.1% during the third quarter. Planning Capital Management Corp now owns 357 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 191 shares during the period. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

Morgan Stanley Stock Performance

Shares of NYSE MS opened at $140.05 on Friday. The stock has a market cap of $225.63 billion, a price-to-earnings ratio of 17.64, a P/E/G ratio of 1.23 and a beta of 1.36. The stock’s 50-day moving average is $129.80 and its 200 day moving average is $115.67. 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 1-year low of $83.09 and a 1-year high of $141.48.

Morgan Stanley (NYSE:MS) last issued its earnings results on Thursday, January 16th. The financial services provider reported $2.22 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $15.03 billion. During the same quarter last year, the company earned $1.13 EPS. The firm’s revenue was up 25.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Morgan Stanley will post 8.52 EPS for the current fiscal year.

Morgan Stanley Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.925 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $3.70 annualized dividend and a yield of 2.64%. Morgan Stanley’s payout ratio is 46.60%.

Analyst Upgrades and Downgrades

MS has been the topic of several research reports. Wells Fargo & Company upgraded Morgan Stanley from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $107.00 to $142.00 in a research note on Friday, November 15th. Bank of America lifted their target price on shares of Morgan Stanley from $146.00 to $153.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Barclays upped their price target on shares of Morgan Stanley from $155.00 to $156.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. UBS Group boosted their target price on shares of Morgan Stanley from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Finally, Hsbc Global Res downgraded Morgan Stanley from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Morgan Stanley currently has an average rating of “Hold” and a consensus target price of $131.27.

Insider Buying and Selling at Morgan Stanley

In other Morgan Stanley news, CFO Raja Akram sold 17,500 shares of the firm’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 transaction, the chief financial officer now owns 81,440 shares of the company’s stock, valued at approximately $11,076,654.40. This trade represents a 17.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Eric F. Grossman sold 13,097 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $136.20, for a total transaction of $1,783,811.40. Following the completion of the transaction, the insider now owns 197,444 shares of the company’s stock, valued at approximately $26,891,872.80. The trade was a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

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.