Sentry Investment Management LLC trimmed its holdings in shares of Morgan Stanley (NYSE:MS) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 87,571 shares of the financial services provider’s stock after selling 2,247 shares during the quarter. Sentry Investment Management LLC’s holdings in Morgan Stanley were worth $3,472,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of Morgan Stanley by 9.3% in the fourth quarter. Bank of New York Mellon Corp now owns 12,572,416 shares of the financial services provider’s stock worth $498,496,000 after acquiring an additional 1,070,385 shares during the last quarter. Tredje AP fonden raised its stake in shares of Morgan Stanley by 4.0% in the fourth quarter. Tredje AP fonden now owns 98,440 shares of the financial services provider’s stock worth $3,903,000 after acquiring an additional 3,786 shares during the last quarter. Bank Hapoalim BM bought a new position in shares of Morgan Stanley in the fourth quarter worth about $1,045,000. Garrison Point Advisors LLC bought a new position in shares of Morgan Stanley in the fourth quarter worth about $229,000. Finally, Private Advisor Group LLC raised its stake in shares of Morgan Stanley by 48.3% in the fourth quarter. Private Advisor Group LLC now owns 50,905 shares of the financial services provider’s stock worth $2,019,000 after acquiring an additional 16,583 shares during the last quarter. 84.15% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Thursday, December 6th. ValuEngine downgraded shares of Morgan Stanley from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 23rd. Credit Suisse Group reaffirmed a “buy” rating and issued a $56.00 target price on shares of Morgan Stanley in a research note on Wednesday, February 20th. Finally, Barclays lowered their price target on shares of Morgan Stanley from $63.00 to $55.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $56.25.
Shares of NYSE:MS traded down $0.38 during trading on Thursday, hitting $42.18. 190,769 shares of the company’s stock were exchanged, compared to its average volume of 10,873,428. Morgan Stanley has a 1-year low of $36.74 and a 1-year high of $59.38. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market cap of $71.89 billion, a price-to-earnings ratio of 9.14, a P/E/G ratio of 0.74 and a beta of 1.20.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Thursday, January 17th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.17). The firm had revenue of $8.55 billion for the quarter, compared to analyst estimates of $9.32 billion. Morgan Stanley had a net margin of 17.43% and a return on equity of 12.08%. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. Equities research analysts anticipate that Morgan Stanley will post 4.93 earnings per share for the current year.
The company also recently disclosed 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 2.84%. The ex-dividend date was Wednesday, January 30th. Morgan Stanley’s dividend payout ratio is currently 26.03%.
In related news, insider Jeffrey S. Brodsky sold 15,565 shares of the business’s stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $43.38, for a total transaction of $675,209.70. Following the completion of the transaction, the insider now owns 112,420 shares in the company, valued at $4,876,779.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.19% of the stock is currently owned by insiders.
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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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