California State Teachers Retirement System Sells 209,565 Shares of Morgan Stanley (MS)
California State Teachers Retirement System decreased its stake in shares of Morgan Stanley (NYSE:MS) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,321,006 shares of the financial services provider’s stock after selling 209,565 shares during the period. California State Teachers Retirement System owned 0.13% of Morgan Stanley worth $111,803,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in MS. Invictus RG boosted its holdings in Morgan Stanley by 307.5% in the third quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 1,762 shares during the last quarter. Rational Advisors LLC acquired a new position in Morgan Stanley in the third quarter valued at $116,000. Omnia Family Wealth LLC boosted its holdings in Morgan Stanley by 5.8% in the second quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 134 shares during the last quarter. BB&T Investment Services Inc. boosted its holdings in Morgan Stanley by 163.1% in the third quarter. BB&T Investment Services Inc. now owns 2,655 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 1,646 shares during the last quarter. Finally, WFG Advisors LP boosted its holdings in Morgan Stanley by 45.4% in the second quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 840 shares during the last quarter. 85.60% of the stock is owned by institutional investors.
Shares of Morgan Stanley (NYSE MS) traded up $1.08 during midday trading on Wednesday, hitting $53.85. The stock had a trading volume of 8,151,900 shares, compared to its average volume of 9,361,044. Morgan Stanley has a twelve month low of $40.06 and a twelve month high of $54.10. The stock has a market capitalization of $95,402.84, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 1.24 and a beta of 1.64. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.74 and a current ratio of 0.74.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.12. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.05 billion. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. Morgan Stanley’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share. research analysts expect that Morgan Stanley will post 3.57 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.86%. The ex-dividend date was Monday, October 30th. Morgan Stanley’s dividend payout ratio is currently 27.70%.
In other Morgan Stanley news, Director Alistair Darling sold 3,850 shares of Morgan Stanley stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $49.29, for a total value of $189,766.50. Following the completion of the transaction, the director now directly owns 14,218 shares in the company, valued at $700,805.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey S. Brodsky sold 16,397 shares of Morgan Stanley stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $50.07, for a total value of $820,997.79. Following the completion of the transaction, the insider now owns 111,776 shares of the company’s stock, valued at $5,596,624.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,247 shares of company stock valued at $4,284,364. 0.24% of the stock is owned by corporate insiders.
A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods upgraded Morgan Stanley from a “market perform” rating to an “outperform” rating and set a $59.00 target price on the stock in a report on Tuesday. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Monday. J P Morgan Chase & Co reiterated a “buy” rating on shares of Morgan Stanley in a report on Monday, November 20th. Barclays boosted their price objective on Morgan Stanley from $48.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Finally, Buckingham Research boosted their price objective on Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $50.89.
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Morgan Stanley 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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