Basswood Capital Management L.L.C. boosted its position in shares of Morgan Stanley (NYSE:MS) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 339,141 shares of the financial services provider’s stock after purchasing an additional 5,525 shares during the period. Basswood Capital Management L.L.C.’s holdings in Morgan Stanley were worth $13,447,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Miles Capital Inc. grew its holdings in shares of Morgan Stanley by 3.6% in the 4th quarter. Miles Capital Inc. now owns 6,977 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 240 shares in the last quarter. Lourd Capital LLC grew its holdings in shares of Morgan Stanley by 2.2% in the 4th quarter. Lourd Capital LLC now owns 12,089 shares of the financial services provider’s stock valued at $479,000 after acquiring an additional 256 shares in the last quarter. Aspiriant LLC grew its holdings in shares of Morgan Stanley by 4.2% in the 4th quarter. Aspiriant LLC now owns 6,486 shares of the financial services provider’s stock valued at $257,000 after acquiring an additional 264 shares in the last quarter. Wright Investors Service Inc. grew its holdings in shares of Morgan Stanley by 2.1% in the 4th quarter. Wright Investors Service Inc. now owns 14,180 shares of the financial services provider’s stock valued at $562,000 after acquiring an additional 290 shares in the last quarter. Finally, Cornerstone Advisors Inc. grew its holdings in shares of Morgan Stanley by 6.0% in the 3rd quarter. Cornerstone Advisors Inc. now owns 5,189 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 295 shares in the last quarter. Hedge funds and other institutional investors own 83.45% of the company’s stock.
Morgan Stanley stock opened at $43.33 on Friday. Morgan Stanley has a 52 week low of $36.74 and a 52 week high of $58.17. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $71.82 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 1.01 and a beta of 1.19.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.17). Morgan Stanley had a return on equity of 12.02% and a net margin of 17.43%. The business had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $9.32 billion. During the same quarter in the previous year, the business posted $0.84 EPS. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. As a group, sell-side analysts predict that Morgan Stanley will post 4.82 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Thursday, January 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Wednesday, January 30th. Morgan Stanley’s payout ratio is currently 26.03%.
MS has been the subject of several analyst reports. Citigroup upgraded Morgan Stanley from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $50.00 to $48.00 in a report on Wednesday, January 9th. Keefe, Bruyette & Woods cut Morgan Stanley from an “outperform” rating to a “hold” rating and set a $45.00 price objective for the company. in a report on Tuesday, December 11th. 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 cut Morgan Stanley from a “hold” rating to a “sell” rating in a report on Friday, February 1st. Finally, Credit Suisse Group reduced their price target on Morgan Stanley from $62.00 to $58.00 and set an “outperform” rating for the company in a report on Friday, December 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $56.25.
In other Morgan Stanley news, CFO Paul C. Wirth sold 25,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 169,031 shares in the company, valued at $7,166,914.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey S. Brodsky sold 15,565 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 112,420 shares of the company’s stock, valued at $4,876,779.60. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.
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 Institutional Securities, Wealth Management, and Investment Management segments.
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