Sequoia Financial Advisors LLC lifted its holdings in Morgan Stanley (NYSE:MS) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,097 shares of the financial services provider’s stock after purchasing an additional 5,069 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Morgan Stanley were worth $5,777,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. DSAM Partners London Ltd bought a new stake in Morgan Stanley during the third quarter worth $5,273,000. Stifel Financial Corp raised 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 in the last quarter. Taylor Wealth Management Partners raised its position in Morgan Stanley by 1,353.0% during the fourth quarter. Taylor Wealth Management Partners now owns 7,265 shares of the financial services provider’s stock worth $381,000 after acquiring an additional 6,765 shares in the last quarter. Donaldson Capital Management LLC bought a new stake in Morgan Stanley during the third quarter worth $1,343,000. Finally, Greystone Managed Investments Inc. raised its position in Morgan Stanley by 5.4% during the third quarter. Greystone Managed Investments Inc. now owns 204,062 shares of the financial services provider’s stock worth $9,830,000 after acquiring an additional 10,393 shares in the last quarter. 86.32% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Jonathan Pruzan sold 52,204 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $55.35, for a total value of $2,889,491.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel A. Simkowitz sold 87,050 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were 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. Insiders sold 239,254 shares of company stock worth $13,085,019 over the last 90 days. 0.35% of the stock is currently owned by corporate insiders.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.84 EPS for the quarter, beating the Thomson Reuters’ 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 period in the prior year, the company posted $0.81 earnings per share. Morgan Stanley’s revenue was up 5.3% compared to the same quarter last year. equities research analysts anticipate that Morgan Stanley will post 4.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were paid a $0.25 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.80%. Morgan Stanley’s dividend payout ratio (DPR) is presently 27.70%.
MS has been the topic of several analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $60.00 price target on shares of Morgan Stanley in a research report on Friday, January 19th. Wells Fargo & Co set a $55.00 price target on shares of Morgan Stanley and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $63.00 price target on shares of Morgan Stanley in a research report on Friday, December 22nd. Finally, UBS Group upgraded shares of Morgan Stanley to an “overweight” rating in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $54.07.
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.
Want to see what other hedge funds are holding MS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morgan Stanley (NYSE:MS).
Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.