Gabelli Funds LLC lessened its stake in Morgan Stanley (NYSE:MS) by 3.0% in the first quarter, HoldingsChannel.com reports. The firm owned 381,452 shares of the financial services provider’s stock after selling 12,000 shares during the period. Gabelli Funds LLC’s holdings in Morgan Stanley were worth $16,097,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of MS. Nalls Sherbakoff Group LLC bought a new stake in shares of Morgan Stanley during the 4th quarter valued at $28,000. Liberty Wealth Management LLC purchased a new position in shares of Morgan Stanley during the 4th quarter valued at $29,000. Destination Wealth Management lifted its stake in shares of Morgan Stanley by 38.7% during the 1st quarter. Destination Wealth Management now owns 771 shares of the financial services provider’s stock valued at $33,000 after buying an additional 215 shares in the last quarter. CWM LLC lifted its stake in shares of Morgan Stanley by 72.6% during 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 in the last quarter. Finally, Sandy Spring Bank purchased a new position in shares of Morgan Stanley during the 4th quarter valued at $40,000. 86.11% of the stock is owned by institutional investors and hedge funds.
MS has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. BMO Capital Markets lowered their target price on shares of Morgan Stanley to $65.00 and set an “outperform” rating on the stock in a research note on Friday, January 18th. Societe Generale cut shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Credit Suisse Group restated a “buy” rating and set a $56.00 target price on shares of Morgan Stanley in a research note on Wednesday, February 20th. Finally, ValuEngine cut shares of Morgan Stanley from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.24.
In other Morgan Stanley news, CFO Paul C. Wirth sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $42.40, for a total value of $1,060,000.00. Following 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 can be accessed through the SEC website. Also, insider Daniel A. Simkowitz purchased 7,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was bought at an average price of $47.57 per share, for a total transaction of $332,990.00. Following the purchase, the insider now owns 193,089 shares in the company, valued at $9,185,243.73. The disclosure for this purchase can be found here. 0.23% of the stock is owned by insiders.
Shares of MS stock opened at $46.34 on Friday. The firm has a market capitalization of $78.14 billion, a price-to-earnings ratio of 10.05, a P/E/G ratio of 1.08 and a beta of 1.24. Morgan Stanley has a 52 week low of $36.74 and a 52 week high of $55.64. 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 (NYSE:MS) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.17 by $0.16. The business had revenue of $10.29 billion for the quarter, compared to analysts’ expectations of $9.96 billion. Morgan Stanley had a net margin of 16.75% and a return on equity of 11.45%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.45 EPS. As a group, equities analysts expect that Morgan Stanley will post 4.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Monday, April 29th. Morgan Stanley’s payout ratio is currently 26.03%.
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About Morgan Stanley
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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