Morgan Stanley (MS) Stake Raised by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC grew its holdings in shares of Morgan Stanley (NYSE:MS) by 5.7% in the 1st quarter, Holdings Channel reports. The firm owned 501,000 shares of the financial services provider’s stock after acquiring an additional 27,000 shares during the quarter. Morgan Stanley accounts for approximately 2.9% of Quinn Opportunity Partners LLC’s investment portfolio, making the stock its 8th biggest holding. Quinn Opportunity Partners LLC’s holdings in Morgan Stanley were worth $21,142,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in MS. Sumitomo Mitsui Asset Management Company LTD increased its holdings in Morgan Stanley by 1.3% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 121,041 shares of the financial services provider’s stock worth $5,107,000 after acquiring an additional 1,560 shares during the last quarter. Raymond James & Associates increased its holdings in Morgan Stanley by 5.8% in the 1st quarter. Raymond James & Associates now owns 585,278 shares of the financial services provider’s stock worth $24,699,000 after acquiring an additional 31,877 shares during the last quarter. Brasada Capital Management LP purchased a new stake in Morgan Stanley in the 1st quarter worth about $190,000. Everence Capital Management Inc. increased its holdings in Morgan Stanley by 18.0% in the 1st quarter. Everence Capital Management Inc. now owns 29,341 shares of the financial services provider’s stock worth $1,238,000 after acquiring an additional 4,470 shares during the last quarter. Finally, Dean Capital Investments Management LLC purchased a new stake in Morgan Stanley in the 1st quarter worth about $784,000. 86.21% of the stock is owned by hedge funds and other institutional investors.

MS has been the subject of several recent research reports. BMO Capital Markets decreased their price objective on Morgan Stanley to $65.00 and set an “outperform” rating for the company in a report on Friday, January 18th. Societe Generale downgraded Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Citigroup downgraded 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. Wells Fargo & Co restated a “buy” rating on shares of Morgan Stanley in a research note on Wednesday, April 17th. Finally, Credit Suisse Group restated a “buy” rating and issued a $56.00 target price on shares of Morgan Stanley in a research note on Wednesday, February 20th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. Morgan Stanley presently has a consensus rating of “Hold” and a consensus price target of $56.24.

NYSE MS traded up $0.37 during trading hours on Thursday, hitting $44.38. The company had a trading volume of 2,761,064 shares, compared to its average volume of 12,130,932. Morgan Stanley has a 52 week low of $36.74 and a 52 week high of $55.40. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.60. The company has a market cap of $74.20 billion, a P/E ratio of 9.63, a P/E/G ratio of 1.03 and a beta of 1.24.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.16. The firm 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%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the company posted $1.45 EPS. Equities research analysts anticipate that Morgan Stanley will post 4.79 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.70%. Morgan Stanley’s dividend payout ratio (DPR) is presently 26.03%.

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 completion of the sale, the chief financial officer now owns 169,031 shares in the company, valued at approximately $7,166,914.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel A. Simkowitz purchased 7,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were acquired at an average price of $47.57 per share, with a total value of $332,990.00. Following the transaction, the insider now owns 193,089 shares in the company, valued at approximately $9,185,243.73. The disclosure for this purchase can be found here. Company insiders own 0.23% of the company’s stock.

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

Further Reading: Portfolio Manager

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

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