Morgan Stanley (MS) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lessened its stake in shares of Morgan Stanley (NYSE:MS) by 8.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 441,952 shares of the financial services provider’s stock after selling 38,500 shares during the quarter. Gabelli Funds LLC’s holdings in Morgan Stanley were worth $23,848,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in Morgan Stanley by 406.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,869 shares of the financial services provider’s stock worth $101,000 after buying an additional 1,500 shares in the last quarter. Exane Derivatives boosted its holdings in Morgan Stanley by 303.9% during the fourth quarter. Exane Derivatives now owns 1,979 shares of the financial services provider’s stock worth $104,000 after buying an additional 1,489 shares in the last quarter. First Dallas Securities Inc. bought a new stake in Morgan Stanley during the fourth quarter worth approximately $121,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in Morgan Stanley by 119.4% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,800 shares of the financial services provider’s stock worth $147,000 after buying an additional 1,524 shares in the last quarter. Finally, Risk Paradigm Group LLC boosted its holdings in Morgan Stanley by 624.8% during the fourth quarter. Risk Paradigm Group LLC now owns 2,899 shares of the financial services provider’s stock worth $152,000 after buying an additional 2,499 shares in the last quarter. Institutional investors and hedge funds own 85.26% of the company’s stock.

MS stock opened at $54.00 on Friday. Morgan Stanley has a 12-month low of $41.07 and a 12-month high of $59.38. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $96.21 billion, a price-to-earnings ratio of 15.00, a P/E/G ratio of 0.90 and a beta of 1.55.

Morgan Stanley (NYSE:MS) last released its earnings results on Wednesday, April 18th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.17. Morgan Stanley had a net margin of 15.09% and a return on equity of 11.10%. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. research analysts expect that Morgan Stanley will post 4.72 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th were given a $0.25 dividend. The ex-dividend date was Friday, April 27th. This represents a $1.00 dividend on an annualized basis and a yield of 1.85%. Morgan Stanley’s payout ratio is 27.78%.

A number of analysts recently weighed in on the stock. ValuEngine cut shares of Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, April 24th. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Tuesday, April 24th. Barclays raised their target price on shares of Morgan Stanley from $62.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, April 19th. Credit Suisse Group raised their target price on shares of Morgan Stanley from $61.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, April 19th. Finally, Vining Sparks reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Morgan Stanley in a research note on Wednesday, April 18th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Morgan Stanley has a consensus rating of “Buy” and a consensus price target of $56.15.

About Morgan Stanley

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 three segments: Institutional Securities, Wealth Management, and Investment Management.

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

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