E&G Advisors LP lessened its stake in shares of Morgan Stanley (NYSE:MS) by 9.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,900 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. E&G Advisors LP’s holdings in Morgan Stanley were worth $418,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. ValueAct Holdings L.P. increased its stake in shares of Morgan Stanley by 26.0% during the 4th quarter. ValueAct Holdings L.P. now owns 26,228,561 shares of the financial services provider’s stock worth $1,039,962,000 after purchasing an additional 5,418,091 shares during the last quarter. Norges Bank bought a new position in Morgan Stanley in the 4th quarter worth approximately $676,319,000. Geode Capital Management LLC boosted its holdings in Morgan Stanley by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 16,970,026 shares of the financial services provider’s stock worth $671,686,000 after buying an additional 956,583 shares during the period. Northern Trust Corp boosted its holdings in Morgan Stanley by 3.2% in the 4th quarter. Northern Trust Corp now owns 15,267,378 shares of the financial services provider’s stock worth $605,353,000 after buying an additional 476,018 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Morgan Stanley by 4,072.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,548,246 shares of the financial services provider’s stock worth $342,000 after buying an additional 13,223,517 shares during the period. 86.11% of the stock is currently owned by institutional investors.
In related news, CFO Paul C. Wirth sold 25,000 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $42.40, for a total transaction of $1,060,000.00. Following the sale, the chief financial officer now owns 169,031 shares of the company’s stock, valued at $7,166,914.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel A. Simkowitz acquired 7,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were acquired at an average cost of $47.57 per share, for a total transaction of $332,990.00. Following the purchase, the insider now directly owns 193,089 shares of the company’s stock, valued at $9,185,243.73. The disclosure for this purchase can be found here. Insiders own 0.23% of the company’s stock.
Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.16. The firm had revenue of $10.29 billion for the quarter, compared to analyst estimates of $9.96 billion. Morgan Stanley had a net margin of 16.75% and a return on equity of 11.45%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 EPS. Equities analysts predict that Morgan Stanley will post 4.79 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Monday, April 29th. Morgan Stanley’s payout ratio is 26.03%.
Several brokerages have commented on MS. Zacks Investment Research downgraded shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Monday, March 11th. Societe Generale downgraded shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Friday, February 1st. Royal Bank of Canada reaffirmed a “buy” rating and set a $60.00 price objective on shares of Morgan Stanley in a report on Thursday, April 18th. Credit Suisse Group reaffirmed a “buy” rating and set a $56.00 price objective on shares of Morgan Stanley in a report on Wednesday, February 20th. Finally, ValuEngine raised shares of Morgan Stanley from a “strong sell” rating to a “sell” rating in a report on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $56.24.
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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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