Symmetry Partners LLC Cuts Stake in Morgan Stanley (NYSE:MS)

Symmetry Partners LLC decreased its holdings in Morgan Stanley (NYSE:MSFree Report) by 33.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,953 shares of the financial services provider’s stock after selling 8,471 shares during the period. Symmetry Partners LLC’s holdings in Morgan Stanley were worth $1,596,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in MS. Norges Bank bought a new position in Morgan Stanley in the 4th quarter worth $958,105,000. Wellington Management Group LLP raised its holdings in Morgan Stanley by 17.2% in the 4th quarter. Wellington Management Group LLP now owns 38,451,051 shares of the financial services provider’s stock worth $3,585,561,000 after purchasing an additional 5,631,435 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in Morgan Stanley in the 4th quarter worth $512,867,000. FMR LLC raised its holdings in Morgan Stanley by 21.2% in the 3rd quarter. FMR LLC now owns 23,474,452 shares of the financial services provider’s stock worth $1,917,159,000 after purchasing an additional 4,098,577 shares in the last quarter. Finally, Capital International Investors raised its holdings in Morgan Stanley by 8.2% in the 4th quarter. Capital International Investors now owns 24,499,542 shares of the financial services provider’s stock worth $2,284,674,000 after purchasing an additional 1,865,645 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Insider Activity

In other Morgan Stanley news, insider Charles Aubrey Smith III sold 11,200 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $90.09, for a total value of $1,009,008.00. Following the sale, the insider now owns 126,190 shares in the company, valued at approximately $11,368,457.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Chairman James P. Gorman sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $90.21, for a total transaction of $9,021,000.00. Following the completion of the transaction, the chairman now directly owns 414,870 shares of the company’s stock, valued at approximately $37,425,422.70. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Charles Aubrey Smith III sold 11,200 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $90.09, for a total value of $1,009,008.00. Following the transaction, the insider now directly owns 126,190 shares of the company’s stock, valued at $11,368,457.10. The disclosure for this sale can be found here. Insiders have sold a total of 118,154 shares of company stock worth $10,722,696 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Morgan Stanley Stock Up 0.5 %

Shares of MS stock traded up $0.47 on Tuesday, hitting $97.51. The stock had a trading volume of 2,403,568 shares, compared to its average volume of 7,638,159. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.97. The business has a 50 day moving average price of $95.26 and a 200 day moving average price of $90.84. The company has a market cap of $158.47 billion, a PE ratio of 17.72, a P/E/G ratio of 1.17 and a beta of 1.38. Morgan Stanley has a one year low of $69.42 and a one year high of $103.25.

Morgan Stanley (NYSE:MSGet Free Report) last released its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.33. The firm had revenue of $15.14 billion during the quarter, compared to the consensus estimate of $14.42 billion. Morgan Stanley had a return on equity of 10.88% and a net margin of 9.57%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 earnings per share. Research analysts anticipate that Morgan Stanley will post 6.83 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.85 per share. The ex-dividend date was Monday, April 29th. This represents a $3.40 annualized dividend and a dividend yield of 3.49%. Morgan Stanley’s dividend payout ratio (DPR) is currently 61.93%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MS shares. TheStreet upgraded shares of Morgan Stanley from a “c+” rating to a “b” rating in a research note on Wednesday, March 6th. HSBC increased their price target on shares of Morgan Stanley from $100.00 to $102.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Keefe, Bruyette & Woods increased their price objective on shares of Morgan Stanley from $94.00 to $98.00 and gave the company a “market perform” rating in a research report on Wednesday, April 17th. Oppenheimer increased their price objective on shares of Morgan Stanley from $101.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Finally, JMP Securities reissued a “market perform” rating on shares of Morgan Stanley in a research report on Thursday, April 18th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $98.30.

Read Our Latest Report on MS

Morgan Stanley Company Profile

(Free Report)

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.

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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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