Candriam Luxembourg S.C.A. reduced its holdings in shares of Morgan Stanley (NYSE:MS) by 34.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,566 shares of the financial services provider’s stock after selling 63,006 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Morgan Stanley were worth $6,274,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the business. First Dallas Securities Inc. purchased a new stake in Morgan Stanley during the fourth quarter valued at approximately $121,000. Messner & Smith Theme Value Investment Management Ltd. CA purchased a new stake in Morgan Stanley during the fourth quarter valued at approximately $205,000. Verity Asset Management Inc. purchased a new stake in Morgan Stanley during the fourth quarter valued at approximately $1,326,000. Buckley Wealth Management LLC purchased a new stake in Morgan Stanley during the fourth quarter valued at approximately $1,198,000. Finally, Harbor Advisors LLC purchased a new stake in Morgan Stanley during the fourth quarter valued at approximately $210,000. 86.55% of the stock is owned by institutional investors and hedge funds.
In other Morgan Stanley news, Director Alistair Darling sold 3,850 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $49.29, for a total transaction of $189,766.50. Following the completion of the transaction, the director now owns 14,218 shares in the company, valued at $700,805.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Keishi Hotsuki sold 25,000 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $50.00, for a total transaction of $1,250,000.00. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.
Morgan Stanley (NYSE:MS) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.07. Morgan Stanley had a net margin of 14.10% and a return on equity of 10.03%. The firm had revenue of $9.50 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the prior year, the business earned $0.81 earnings per share. Morgan Stanley’s revenue for the quarter was up 5.3% on a year-over-year basis. analysts expect that Morgan Stanley will post 4.51 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.82%. Morgan Stanley’s dividend payout ratio is 32.36%.
A number of analysts have commented on the stock. Atlantic Securities raised shares of Morgan Stanley from a “neutral” rating to an “overweight” rating and set a $61.00 target price for the company in a report on Wednesday, January 10th. UBS Group upgraded shares of Morgan Stanley to an “overweight” rating in a research report on Wednesday, January 10th. Keefe, Bruyette & Woods upgraded shares of Morgan Stanley from a “market perform” rating to an “outperform” rating and set a $59.00 price target for the company in a research report on Tuesday, December 12th. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Monday, December 11th. Finally, Societe Generale set a $61.00 price target on shares of Morgan Stanley and gave the stock a “neutral” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $54.07.
About Morgan Stanley
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.
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).
Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.