IBM Retirement Fund decreased its holdings in Morgan Stanley (NYSE:MS) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,491 shares of the financial services provider’s stock after selling 1,675 shares during the quarter. IBM Retirement Fund’s holdings in Morgan Stanley were worth $733,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. CWM LLC increased its stake in Morgan Stanley by 72.6% in the 4th quarter. CWM LLC now owns 799 shares of the financial services provider’s stock valued at $32,000 after buying an additional 336 shares during the period. Sandy Spring Bank acquired a new position in Morgan Stanley in the 4th quarter valued at $40,000. San Francisco Sentry Investment Group CA increased its stake in Morgan Stanley by 63.7% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,002 shares of the financial services provider’s stock valued at $39,000 after buying an additional 390 shares during the period. PRW Wealth Management LLC acquired a new position in Morgan Stanley in the 4th quarter valued at $43,000. Finally, Vigilant Capital Management LLC increased its stake in Morgan Stanley by 183.8% in the 4th quarter. Vigilant Capital Management LLC now owns 1,158 shares of the financial services provider’s stock valued at $46,000 after buying an additional 750 shares during the period. 83.45% of the stock is currently owned by institutional investors.
In other news, CFO Paul C. Wirth sold 25,000 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 169,031 shares of the company’s stock, valued at approximately $7,166,914.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey S. Brodsky sold 15,565 shares of the company’s stock in a transaction on Friday, January 18th. The stock was sold at an average price of $43.38, for a total transaction of $675,209.70. Following the transaction, the insider now directly owns 112,420 shares in the company, valued at $4,876,779.60. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.17). Morgan Stanley had a return on equity of 12.02% and a net margin of 17.43%. The company had revenue of $8.55 billion for the quarter, compared to analyst estimates of $9.32 billion. During the same period last year, the company earned $0.84 earnings per share. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, equities research analysts expect that Morgan Stanley will post 4.82 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Thursday, January 31st were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, January 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.77%. Morgan Stanley’s dividend payout ratio (DPR) is presently 26.03%.
Several equities analysts have issued reports on MS shares. Societe Generale cut shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Zacks Investment Research cut shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Barclays dropped their price objective on shares of Morgan Stanley from $63.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 2nd. BMO Capital Markets dropped their price objective on shares of Morgan Stanley to $65.00 and set an “outperform” rating on the stock in a research note on Friday, January 18th. Finally, ValuEngine cut shares of Morgan Stanley from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 23rd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $56.25.
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 Institutional Securities, Wealth Management, and Investment Management segments.
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