BlueCrest Capital Management Ltd lessened its holdings in Morgan Stanley (NYSE:MS) by 73.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,112 shares of the financial services provider’s stock after selling 74,957 shares during the period. BlueCrest Capital Management Ltd’s holdings in Morgan Stanley were worth $1,423,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Profund Advisors LLC increased its stake in Morgan Stanley by 27.9% in the fourth quarter. Profund Advisors LLC now owns 42,832 shares of the financial services provider’s stock valued at $2,247,000 after acquiring an additional 9,353 shares during the last quarter. Partners Capital Investment Group LLP bought a new position in Morgan Stanley in the fourth quarter valued at $1,414,000. Focused Wealth Management Inc bought a new position in Morgan Stanley in the fourth quarter valued at $236,000. Signaturefd LLC increased its stake in Morgan Stanley by 28.8% in the fourth quarter. Signaturefd LLC now owns 7,583 shares of the financial services provider’s stock valued at $398,000 after acquiring an additional 1,695 shares during the last quarter. Finally, Granite Investment Advisors LLC bought a new position in Morgan Stanley in the fourth quarter valued at $211,000. Institutional investors own 86.07% of the company’s stock.
Shares of Morgan Stanley (NYSE:MS) opened at $58.91 on Tuesday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $105,560.00, a PE ratio of 16.32, a PEG ratio of 1.01 and a beta of 1.49. Morgan Stanley has a 1-year low of $40.06 and a 1-year high of $59.38.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were issued a dividend of $0.25 per share. 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 dividend payout ratio is currently 27.70%.
In other news, Chairman James P. Gorman sold 100,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $55.34, for a total transaction of $5,534,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel A. Simkowitz sold 87,050 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $53.55, for a total transaction of $4,661,527.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 239,254 shares of company stock valued at $13,085,019. 0.24% of the stock is currently owned by company insiders.
A number of research analysts recently commented on the company. UBS Group raised Morgan Stanley to an “overweight” rating in a research note on Wednesday, January 10th. Atlantic Securities raised Morgan Stanley from a “neutral” rating to an “overweight” rating and set a $61.00 target price on the stock in a research note on Wednesday, January 10th. Keefe, Bruyette & Woods raised Morgan Stanley from a “market perform” rating to an “outperform” rating and set a $59.00 target price on the stock in a research note on Tuesday, December 12th. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Monday, December 11th. Finally, Societe Generale set a $61.00 price objective on Morgan Stanley and gave the company a “neutral” rating in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $54.07.
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About Morgan Stanley
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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