BlackRock Inc. Has $4.18 Billion Stake in Morgan Stanley (MS)

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BlackRock Inc. cut its position in Morgan Stanley (NYSE:MS) by 5.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,002,692 shares of the financial services provider’s stock after selling 5,966,275 shares during the quarter. BlackRock Inc. owned 0.06% of Morgan Stanley worth $4,177,912,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in MS. ValueAct Holdings L.P. raised its holdings in Morgan Stanley by 26.0% in the fourth quarter. ValueAct Holdings L.P. now owns 26,228,561 shares of the financial services provider’s stock valued at $1,039,962,000 after acquiring an additional 5,418,091 shares in the last quarter. Norges Bank acquired a new stake in Morgan Stanley in the fourth quarter valued at $676,319,000. Geode Capital Management LLC raised its holdings in Morgan Stanley by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 16,970,026 shares of the financial services provider’s stock valued at $671,686,000 after acquiring an additional 956,583 shares in the last quarter. Northern Trust Corp raised its holdings in Morgan Stanley by 3.2% in the fourth quarter. Northern Trust Corp now owns 15,267,378 shares of the financial services provider’s stock valued at $605,353,000 after acquiring an additional 476,018 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in Morgan Stanley by 4,072.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,548,246 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 13,223,517 shares in the last quarter. Institutional investors and hedge funds own 83.86% of the company’s stock.

Shares of NYSE:MS opened at $42.96 on Monday. The firm has a market cap of $72.27 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 1.00 and a beta of 1.24. Morgan Stanley has a 1-year low of $36.74 and a 1-year high of $53.83. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.80 and a current ratio of 0.80.

Morgan Stanley (NYSE:MS) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.16. The company had revenue of $10.29 billion for the quarter, compared to analysts’ expectations of $9.96 billion. Morgan Stanley had a net margin of 16.75% and a return on equity of 11.45%. The firm’s revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 earnings per share. As a group, equities research analysts anticipate that Morgan Stanley will post 4.79 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.79%. Morgan Stanley’s dividend payout ratio (DPR) is 26.03%.

In related news, CFO Paul C. Wirth sold 25,000 shares of the stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $42.40, for a total value of $1,060,000.00. Following the sale, the chief financial officer now owns 169,031 shares of the company’s stock, valued at approximately $7,166,914.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel A. Simkowitz acquired 7,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was purchased at an average cost of $47.57 per share, for a total transaction of $332,990.00. Following the acquisition, the insider now owns 193,089 shares in the company, valued at $9,185,243.73. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by corporate insiders.

Several analysts recently issued reports on MS shares. Credit Suisse Group reaffirmed a “buy” rating and issued a $56.00 price target on shares of Morgan Stanley in a report on Wednesday, February 20th. Royal Bank of Canada set a $60.00 price target on shares of Morgan Stanley and gave the company a “buy” rating in a report on Wednesday, April 24th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Morgan Stanley in a report on Wednesday, April 17th. ValuEngine raised shares of Morgan Stanley from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Citigroup cut shares of Morgan Stanley from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a report on Thursday, April 18th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $56.24.

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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 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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