Morgan Stanley (MS) Shares Sold by Wakefield Asset Management LLLP

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Wakefield Asset Management LLLP reduced its stake in Morgan Stanley (NYSE:MS) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,207 shares of the financial services provider’s stock after selling 3,468 shares during the period. Morgan Stanley accounts for approximately 1.2% of Wakefield Asset Management LLLP’s holdings, making the stock its 28th biggest position. Wakefield Asset Management LLLP’s holdings in Morgan Stanley were worth $2,863,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. ValueAct Holdings L.P. increased its stake in shares of Morgan Stanley by 26.0% during the 4th quarter. ValueAct Holdings L.P. now owns 26,228,561 shares of the financial services provider’s stock worth $1,039,962,000 after purchasing an additional 5,418,091 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Morgan Stanley by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 16,970,026 shares of the financial services provider’s stock worth $671,686,000 after purchasing an additional 956,583 shares during the last quarter. Northern Trust Corp increased its stake in shares of Morgan Stanley by 3.2% during the 4th quarter. Northern Trust Corp now owns 15,267,378 shares of the financial services provider’s stock worth $605,353,000 after purchasing an additional 476,018 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Morgan Stanley by 4,072.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,548,246 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 13,223,517 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Morgan Stanley by 9.3% during the 4th quarter. Bank of New York Mellon Corp now owns 12,572,416 shares of the financial services provider’s stock worth $498,496,000 after purchasing an additional 1,070,385 shares during the last quarter. 84.97% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on MS. ValuEngine upgraded shares of Morgan Stanley from a “strong sell” rating to a “sell” rating in a research note on Friday, March 15th. Zacks Investment Research lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. Credit Suisse Group reaffirmed a “buy” rating and set a $56.00 price objective on shares of Morgan Stanley in a report on Wednesday, February 20th. Societe Generale downgraded shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Friday, February 1st. Finally, BMO Capital Markets decreased their price objective on shares of Morgan Stanley to $65.00 and set an “outperform” rating for the company in a report on Friday, January 18th. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $56.25.

Morgan Stanley stock traded down $0.60 during mid-day trading on Monday, reaching $41.12. The company had a trading volume of 240,896 shares, compared to its average volume of 11,778,690. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.81 and a quick ratio of 0.81. Morgan Stanley has a 52 week low of $36.74 and a 52 week high of $55.64. The company has a market cap of $71.29 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 1.00 and a beta of 1.19.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Thursday, January 17th. The financial services provider reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.17). The business had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $9.32 billion. Morgan Stanley had a return on equity of 12.02% and a net margin of 17.43%. Morgan Stanley’s revenue was down 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 earnings per share. Analysts expect that Morgan Stanley will post 4.8 earnings per share for the current fiscal year.

In other news, insider Jeffrey S. Brodsky sold 15,565 shares of the firm’s stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $43.38, for a total transaction of $675,209.70. Following the completion of the transaction, the insider now directly owns 112,420 shares of the company’s stock, valued at approximately $4,876,779.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul C. Wirth sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $42.40, for a total transaction of $1,060,000.00. Following the transaction, the chief financial officer now directly owns 169,031 shares of the company’s stock, valued at $7,166,914.40. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.

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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 Institutional Securities, Wealth Management, and Investment Management segments.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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

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