Intrust Bank NA Sells 599 Shares of Morgan Stanley (NYSE:MS)

Intrust Bank NA lowered its stake in Morgan Stanley (NYSE:MS) by 9.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,828 shares of the financial services provider’s stock after selling 599 shares during the quarter. Intrust Bank NA’s holdings in Morgan Stanley were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of MS. Nalls Sherbakoff Group LLC bought a new stake in shares of Morgan Stanley in the 4th quarter valued at approximately $28,000. Liberty Wealth Management LLC acquired a new stake in Morgan Stanley in the 4th quarter worth approximately $29,000. IMA Wealth Inc. acquired a new stake in Morgan Stanley in the 1st quarter worth approximately $31,000. CWM LLC lifted its holdings in Morgan Stanley by 72.6% in the 4th quarter. CWM LLC now owns 799 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 336 shares during the last quarter. Finally, Citizens Financial Group Inc RI lifted its holdings in shares of Morgan Stanley by 46.2% during the first quarter. Citizens Financial Group Inc RI now owns 775 shares of the financial services provider’s stock worth $32,000 after buying an additional 245 shares during the last quarter. 83.85% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on MS shares. Citigroup lowered Morgan Stanley from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a research note on Thursday, April 18th. HSBC set a $48.00 target price on Morgan Stanley and gave the company a “neutral” rating in a research note on Thursday, April 4th. Oppenheimer upped their price target on Morgan Stanley from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. BMO Capital Markets upped their price target on Morgan Stanley to $68.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Finally, Royal Bank of Canada set a $60.00 price target on Morgan Stanley and gave the company a “buy” rating in a research report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Morgan Stanley presently has an average rating of “Hold” and an average target price of $55.69.

Shares of NYSE MS traded up $0.32 during mid-day trading on Friday, reaching $43.81. 15,443,949 shares of the company’s stock were exchanged, compared to its average volume of 11,395,160. The stock has a market capitalization of $74.51 billion, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 1.01 and a beta of 1.33. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.80 and a quick ratio of 0.80. The firm’s fifty day moving average is $43.24. Morgan Stanley has a twelve month low of $36.74 and a twelve month high of $51.53.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.16. The business had revenue of $10.29 billion during the quarter, compared to the consensus estimate of $9.96 billion. Morgan Stanley had a return on equity of 11.45% and a net margin of 16.75%. Morgan Stanley’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period last year, the company earned $1.45 earnings per share. As a group, research analysts predict that Morgan Stanley will post 4.73 EPS for the current year.

In other Morgan Stanley news, insider Daniel A. Simkowitz bought 7,000 shares of Morgan Stanley stock in a transaction dated Thursday, April 18th. The stock was bought at an average cost of $47.57 per share, for a total transaction of $332,990.00. Following the purchase, the insider now owns 193,089 shares of the company’s stock, valued at approximately $9,185,243.73. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.23% of the company’s stock.

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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.

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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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