TIAA FSB cut its holdings in Morgan Stanley (NYSE:MS) by 6.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,740 shares of the financial services provider’s stock after selling 1,254 shares during the quarter. TIAA FSB’s holdings in Morgan Stanley were worth $749,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Miles Capital Inc. lifted its position in Morgan Stanley by 3.6% during the 4th quarter. Miles Capital Inc. now owns 6,977 shares of the financial services provider’s stock worth $277,000 after buying an additional 240 shares in the last quarter. Triangle Securities Wealth Management lifted its position in Morgan Stanley by 2.2% during the 1st quarter. Triangle Securities Wealth Management now owns 11,377 shares of the financial services provider’s stock worth $480,000 after buying an additional 245 shares in the last quarter. Nachman Norwood & Parrott Inc lifted its position in Morgan Stanley by 3.3% during the 1st quarter. Nachman Norwood & Parrott Inc now owns 7,737 shares of the financial services provider’s stock worth $327,000 after buying an additional 249 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its position in Morgan Stanley by 1.8% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 13,786 shares of the financial services provider’s stock worth $582,000 after buying an additional 250 shares in the last quarter. Finally, Lourd Capital LLC lifted its position in Morgan Stanley by 2.2% during the 4th quarter. Lourd Capital LLC now owns 12,089 shares of the financial services provider’s stock worth $479,000 after buying an additional 256 shares in the last quarter. Institutional investors and hedge funds own 86.11% of the company’s stock.
Shares of NYSE MS traded down $0.11 during mid-day trading on Friday, reaching $46.34. The company had a trading volume of 9,419,651 shares, compared to its average volume of 9,808,638. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.81 and a current ratio of 0.80. Morgan Stanley has a one year low of $36.74 and a one year high of $55.64. The stock has a market capitalization of $78.14 billion, a P/E ratio of 10.05, a PEG ratio of 1.08 and a beta of 1.24.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Monday, April 29th. Morgan Stanley’s dividend payout ratio is presently 26.03%.
A number of research analysts have issued reports on MS shares. Wells Fargo & Co restated a “buy” rating on shares of Morgan Stanley in a research report on Wednesday, April 17th. Citigroup downgraded shares of Morgan Stanley from a “buy” rating to a “neutral” rating and set a $48.00 target price on the stock. in a research report on Thursday, April 18th. Royal Bank of Canada reissued a “buy” rating and set a $60.00 target price on shares of Morgan Stanley in a research note on Thursday, April 18th. ValuEngine raised shares of Morgan Stanley from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, BMO Capital Markets raised their price target on shares of Morgan Stanley to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $56.24.
In other news, CFO Paul C. Wirth sold 25,000 shares of Morgan Stanley stock in a transaction dated Tuesday, February 26th. The stock was 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 directly owns 169,031 shares of the company’s stock, valued at $7,166,914.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel A. Simkowitz purchased 7,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were purchased at an average cost of $47.57 per share, for a total transaction of $332,990.00. Following the completion of the purchase, the insider now directly owns 193,089 shares of the company’s stock, valued at approximately $9,185,243.73. The disclosure for this purchase can be found here. Insiders own 0.23% of the company’s stock.
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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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