Buffington Mohr McNeal Lowers Position in Morgan Stanley (MS)

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Buffington Mohr McNeal lowered its position in Morgan Stanley (NYSE:MS) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 105,514 shares of the financial services provider’s stock after selling 2,157 shares during the quarter. Morgan Stanley accounts for approximately 1.7% of Buffington Mohr McNeal’s holdings, making the stock its 21st largest holding. Buffington Mohr McNeal’s holdings in Morgan Stanley were worth $4,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CWM LLC grew its holdings in Morgan Stanley by 72.6% during the 4th quarter. CWM LLC now owns 799 shares of the financial services provider’s stock valued at $32,000 after buying an additional 336 shares during the last quarter. San Francisco Sentry Investment Group CA grew its holdings in Morgan Stanley by 63.7% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,002 shares of the financial services provider’s stock valued at $39,000 after buying an additional 390 shares during the last quarter. Vigilant Capital Management LLC grew its holdings in Morgan Stanley by 183.8% during the 4th quarter. Vigilant Capital Management LLC now owns 1,158 shares of the financial services provider’s stock valued at $46,000 after buying an additional 750 shares during the last quarter. Smith Asset Management Group LP grew its holdings in Morgan Stanley by 317.9% during the 4th quarter. Smith Asset Management Group LP now owns 1,170 shares of the financial services provider’s stock valued at $46,000 after buying an additional 890 shares during the last quarter. Finally, Signet Investment Advisory Group Inc. acquired a new stake in Morgan Stanley during the 4th quarter valued at $59,000. Institutional investors and hedge funds own 85.67% of the company’s stock.

Shares of Morgan Stanley stock opened at $41.99 on Tuesday. Morgan Stanley has a fifty-two week low of $36.74 and a fifty-two week high of $59.38. The firm has a market cap of $72.23 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 0.72 and a beta of 1.20. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.80 and a current ratio of 0.80.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.17). Morgan Stanley had a return on equity of 12.08% and a net margin of 17.43%. The business had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $9.32 billion. During the same period in the prior year, the company earned $0.84 EPS. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. Analysts expect that Morgan Stanley will post 4.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Thursday, January 31st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Wednesday, January 30th. Morgan Stanley’s dividend payout ratio is presently 26.03%.

A number of equities research analysts have commented on MS shares. Citigroup upgraded Morgan Stanley from a “neutral” rating to a “buy” rating and lowered their target price 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 target price on the stock. in a report on Tuesday, December 11th. Wells Fargo & Co upgraded Morgan Stanley from a “market perform” rating to an “outperform” rating and increased their target price for the company from $56.00 to $60.00 in a report on Wednesday, October 24th. BMO Capital Markets lowered their target price on Morgan Stanley to $65.00 and set an “outperform” rating on the stock in a report on Friday, January 18th. Finally, Credit Suisse Group lowered their target price on Morgan Stanley from $62.00 to $58.00 and set an “outperform” rating on the stock in a report on Friday, December 7th. Three investment 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 an average rating of “Hold” and a consensus price target of $56.38.

In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 15,565 shares of the stock in a transaction 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 transaction, the insider now owns 112,420 shares of the company’s stock, valued at approximately $4,876,779.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.19% of the company’s stock.

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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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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).

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

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