Jennison Associates LLC Has $55.90 Million Position in Morgan Stanley (MS)

Jennison Associates LLC trimmed its holdings in Morgan Stanley (NYSE:MS) by 55.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,409,705 shares of the financial services provider’s stock after selling 1,755,723 shares during the period. Jennison Associates LLC owned approximately 0.08% of Morgan Stanley worth $55,895,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Miles Capital Inc. raised its stake in shares of Morgan Stanley by 3.6% in the fourth quarter. Miles Capital Inc. now owns 6,977 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 240 shares in the last quarter. Lourd Capital LLC raised its stake in shares of Morgan Stanley by 2.2% in the fourth quarter. Lourd Capital LLC now owns 12,089 shares of the financial services provider’s stock valued at $479,000 after acquiring an additional 256 shares in the last quarter. Aspiriant LLC raised its stake in shares of Morgan Stanley by 4.2% in the fourth quarter. Aspiriant LLC now owns 6,486 shares of the financial services provider’s stock valued at $257,000 after acquiring an additional 264 shares in the last quarter. Wright Investors Service Inc. raised its stake in shares of Morgan Stanley by 2.1% in the fourth quarter. Wright Investors Service Inc. now owns 14,180 shares of the financial services provider’s stock valued at $562,000 after acquiring an additional 290 shares in the last quarter. Finally, Cornerstone Advisors Inc. raised its stake in shares of Morgan Stanley by 6.0% in the third quarter. Cornerstone Advisors Inc. now owns 5,189 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 295 shares in the last quarter. Institutional investors own 85.67% of the company’s stock.

Several brokerages have recently issued reports on MS. Zacks Investment Research cut Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Barclays reduced their price objective on Morgan Stanley from $63.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 2nd. Societe Generale cut Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Finally, Wells Fargo & Co upgraded Morgan Stanley to a “buy ms” rating in a research note on Thursday, December 20th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $56.38.

In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 15,565 shares of the firm’s stock in a transaction on Friday, January 18th. The stock was sold at an average price of $43.38, for a total value of $675,209.70. Following the sale, the insider now directly owns 112,420 shares in the company, valued at $4,876,779.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.19% of the stock is owned by company insiders.

Morgan Stanley stock opened at $41.99 on Tuesday. Morgan Stanley has a 1-year low of $36.74 and a 1-year high of $59.38. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $72.23 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 0.72 and a beta of 1.20.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.17). Morgan Stanley had a net margin of 17.43% and a return on equity of 12.08%. The business had revenue of $8.55 billion during the quarter, compared to analyst estimates of $9.32 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. As a group, analysts anticipate that Morgan Stanley will post 4.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Thursday, January 31st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Wednesday, January 30th. Morgan Stanley’s dividend payout ratio is presently 26.03%.

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Morgan Stanley Company Profile

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: What is the quiet period?

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

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