Top Buys by Top Brass: Head of Investment Management Simkowitz's $333K Bet on MS

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $333K by Daniel A. Simkowitz, Head of Investment Management at Morgan Stanley (Symbol: MS).

Purchased Insider Title Shares Price/Share Value
04/18/2019 Daniel A. Simkowitz Head of Investment Management 7,000 $47.57 $332,978.80

Simkowitz's average cost works out to $47.57/share. In trading on Tuesday, bargain hunters could buy shares of Morgan Stanley (Symbol: MS) and achieve a cost basis lower than Simkowitz, with shares changing hands as low as $47.01 per share. Shares of Morgan Stanley were changing hands at $47.11 at last check, trading off about 0.2% on Tuesday. The chart below shows the one year performance of MS shares, versus its 200 day moving average:

Morgan Stanley Chart

Looking at the chart above, MS's low point in its 52 week range is $36.74 per share, with $55.64 as the 52 week high point — that compares with a last trade of $47.11.

The current annualized dividend paid by Morgan Stanley is $1.2/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 04/29/2019. Below is a long-term dividend history chart for MS, which can be of good help in judging whether the most recent dividend with approx. 2.5% annualized yield is likely to continue.


Click here to find out which other top insider buys by the ''top brass'' you need to know about »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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