California Public Employees Retirement System cut its holdings in Morgan Stanley (NYSE:MS) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,130,625 shares of the financial services provider’s stock after selling 140,243 shares during the quarter. California Public Employees Retirement System’s holdings in Morgan Stanley were worth $164,264,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. DSAM Partners London Ltd acquired a new stake in Morgan Stanley during the third quarter worth approximately $5,273,000. BB&T Corp boosted its position in Morgan Stanley by 9.7% during the third quarter. BB&T Corp now owns 171,122 shares of the financial services provider’s stock worth $8,243,000 after acquiring an additional 15,162 shares during the last quarter. Stifel Financial Corp boosted its position in Morgan Stanley by 301.3% during the third quarter. Stifel Financial Corp now owns 577,918 shares of the financial services provider’s stock worth $27,842,000 after acquiring an additional 433,920 shares during the last quarter. CAPROCK Group Inc. acquired a new stake in Morgan Stanley during the third quarter worth approximately $220,000. Finally, Donaldson Capital Management LLC acquired a new stake in Morgan Stanley during the third quarter worth approximately $1,343,000. Institutional investors and hedge funds own 86.63% of the company’s stock.
In related news, Director Alistair Darling sold 3,850 shares of Morgan Stanley stock in a transaction on Friday, November 24th. The shares were sold at an average price of $49.29, for a total transaction of $189,766.50. Following the sale, the director now owns 14,218 shares of the company’s stock, valued at approximately $700,805.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Keishi Hotsuki sold 25,000 shares of Morgan Stanley stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.
Morgan Stanley (NYSE MS) opened at $51.79 on Friday. Morgan Stanley has a one year low of $40.06 and a one year high of $58.05. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68. The company has a market cap of $93,630.00, a price-to-earnings ratio of 16.76, a PEG ratio of 0.94 and a beta of 1.54.
Morgan Stanley (NYSE:MS) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.07. Morgan Stanley had a net margin of 14.10% and a return on equity of 10.03%. The business had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter last year, the firm posted $0.81 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. sell-side analysts forecast that Morgan Stanley will post 4.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, January 30th. Morgan Stanley’s dividend payout ratio (DPR) is 32.36%.
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Morgan Stanley Company 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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