Teachers Advisors LLC grew its stake in shares of Morgan Stanley (NYSE:MS) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,587,616 shares of the financial services provider’s stock after acquiring an additional 50,619 shares during the period. Teachers Advisors LLC owned about 0.26% of Morgan Stanley worth $240,712,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Captrust Financial Advisors acquired a new position in Morgan Stanley during the 4th quarter worth $256,000. Garnet Equity Capital Holdings Inc. acquired a new position in Morgan Stanley during the 4th quarter worth $3,673,000. Prana Capital Management LP acquired a new position in Morgan Stanley during the 4th quarter worth $7,640,000. Raymond James & Associates grew its holdings in Morgan Stanley by 20.0% during the 4th quarter. Raymond James & Associates now owns 628,137 shares of the financial services provider’s stock worth $32,958,000 after acquiring an additional 104,720 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in Morgan Stanley by 17.3% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 913,193 shares of the financial services provider’s stock worth $47,915,000 after acquiring an additional 134,500 shares in the last quarter. 86.07% of the stock is owned by institutional investors.
Several research firms have recently commented on MS. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Monday, December 11th. Societe Generale lowered shares of Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Vining Sparks reaffirmed a “buy” rating and issued a $60.00 price target on shares of Morgan Stanley in a report on Monday, January 8th. Barclays lifted their price target on shares of Morgan Stanley from $52.00 to $62.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods upgraded shares of Morgan Stanley from a “market perform” rating to an “outperform” rating and set a $59.00 price objective on the stock in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $54.07.
Morgan Stanley (NYSE:MS) last released its earnings results on Thursday, January 18th. The financial services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Morgan Stanley had a net margin of 14.10% and a return on equity of 10.07%. The business had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the previous year, the firm earned $0.81 EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. analysts predict that Morgan Stanley will post 4.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a $0.25 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.70%. Morgan Stanley’s payout ratio is currently 27.70%.
In related news, Chairman James P. Gorman sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $55.34, for a total value of $5,534,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jonathan Pruzan sold 52,204 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $55.35, for a total transaction of $2,889,491.40. The disclosure for this sale can be found here. Insiders sold a total of 239,254 shares of company stock worth $13,085,019 over the last quarter. Insiders own 0.24% of the company’s stock.
Morgan Stanley Profile
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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