First Citizens Bank & Trust Co. Sells 5,433 Shares of Morgan Stanley (NYSE:MS)

First Citizens Bank & Trust Co. reduced its stake in Morgan Stanley (NYSE:MSFree Report) by 16.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,606 shares of the financial services provider’s stock after selling 5,433 shares during the period. First Citizens Bank & Trust Co.’s holdings in Morgan Stanley were worth $2,574,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of Morgan Stanley by 21.2% in the 3rd quarter. FMR LLC now owns 23,474,452 shares of the financial services provider’s stock worth $1,917,159,000 after acquiring an additional 4,098,577 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Morgan Stanley by 3.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 13,159,271 shares of the financial services provider’s stock worth $1,074,718,000 after purchasing an additional 415,531 shares in the last quarter. Northern Trust Corp lifted its stake in Morgan Stanley by 2.2% during the 3rd quarter. Northern Trust Corp now owns 13,107,965 shares of the financial services provider’s stock valued at $1,070,528,000 after acquiring an additional 277,909 shares during the period. Norges Bank purchased a new stake in Morgan Stanley in the fourth quarter worth approximately $956,566,000. Finally, Moneta Group Investment Advisors LLC lifted its holdings in Morgan Stanley by 125,756.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,641,190 shares of the financial services provider’s stock valued at $904,714,000 after acquiring an additional 10,632,735 shares during the period. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Insider Activity

In other Morgan Stanley news, CFO Raja Akram sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $83.56, for a total value of $584,920.00. Following the sale, the chief financial officer now owns 97,634 shares in the company, valued at approximately $8,158,297.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Andrew M. Saperstein sold 10,000 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $84.13, for a total value of $841,300.00. Following the completion of the transaction, the insider now owns 323,490 shares of the company’s stock, valued at approximately $27,215,213.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Raja Akram sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $83.56, for a total value of $584,920.00. Following the completion of the sale, the chief financial officer now directly owns 97,634 shares in the company, valued at $8,158,297.04. The disclosure for this sale can be found here. Insiders sold a total of 208,155 shares of company stock valued at $18,149,314 in the last quarter. 0.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on MS shares. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $91.00 price objective (down from $102.00) on shares of Morgan Stanley in a research note on Wednesday, January 17th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $91.00 target price on shares of Morgan Stanley in a research report on Wednesday, March 27th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $87.00 price objective (down previously from $94.00) on shares of Morgan Stanley in a research report on Wednesday, January 17th. UBS Group increased their price target on Morgan Stanley from $80.00 to $95.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Finally, BMO Capital Markets upped their target price on Morgan Stanley from $106.00 to $107.00 and gave the company an “outperform” rating in a research note on Wednesday, January 17th. Thirteen equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Morgan Stanley has an average rating of “Hold” and a consensus target price of $94.45.

Get Our Latest Analysis on MS

Morgan Stanley Stock Down 0.8 %

Shares of NYSE MS traded down $0.78 during trading hours on Tuesday, hitting $92.75. 2,989,501 shares of the stock were exchanged, compared to its average volume of 8,797,311. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.89. The company has a market cap of $151.67 billion, a PE ratio of 17.95, a PEG ratio of 1.91 and a beta of 1.43. Morgan Stanley has a 12 month low of $69.42 and a 12 month high of $95.57. The firm has a fifty day moving average price of $87.69 and a 200-day moving average price of $84.27.

Morgan Stanley (NYSE:MSGet Free Report) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.06. Morgan Stanley had a net margin of 9.49% and a return on equity of 10.36%. The company had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.77 billion. During the same quarter in the previous year, the firm earned $1.31 EPS. Morgan Stanley’s revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts expect that Morgan Stanley will post 6.35 EPS for the current year.

Morgan Stanley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.67%. Morgan Stanley’s payout ratio is currently 65.76%.

Morgan Stanley Profile

(Free Report)

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. It 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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