Teewinot Capital Advisers L.L.C. Lowers Stake in Morgan Stanley (NYSE:MS)

Teewinot Capital Advisers L.L.C. lowered its stake in shares of Morgan Stanley (NYSE:MS) by 45.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 330,630 shares of the financial services provider’s stock after selling 278,624 shares during the period. Morgan Stanley makes up approximately 4.2% of Teewinot Capital Advisers L.L.C.’s investment portfolio, making the stock its 14th largest position. Teewinot Capital Advisers L.L.C.’s holdings in Morgan Stanley were worth $41,567,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Lindbrook Capital LLC raised its holdings in shares of Morgan Stanley by 1.2% in the 4th quarter. Lindbrook Capital LLC now owns 6,156 shares of the financial services provider’s stock valued at $774,000 after purchasing an additional 73 shares in the last quarter. 1ST Source Bank raised its holdings in shares of Morgan Stanley by 0.5% in the 4th quarter. 1ST Source Bank now owns 15,925 shares of the financial services provider’s stock valued at $2,002,000 after purchasing an additional 73 shares in the last quarter. Moors & Cabot Inc. raised its holdings in shares of Morgan Stanley by 1.6% in the 4th quarter. Moors & Cabot Inc. now owns 4,727 shares of the financial services provider’s stock valued at $594,000 after purchasing an additional 76 shares in the last quarter. DGS Capital Management LLC raised its holdings in shares of Morgan Stanley by 1.8% in the 4th quarter. DGS Capital Management LLC now owns 4,408 shares of the financial services provider’s stock valued at $554,000 after purchasing an additional 77 shares in the last quarter. Finally, Perfromance Wealth Partners LLC raised its holdings in shares of Morgan Stanley by 2.7% in the 4th quarter. Perfromance Wealth Partners LLC now owns 3,004 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Morgan Stanley Trading Down 0.3%

Shares of Morgan Stanley stock opened at $132.08 on Friday. Morgan Stanley has a 1 year low of $90.94 and a 1 year high of $142.03. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $211.90 billion, a P/E ratio of 16.63, a PEG ratio of 1.18 and a beta of 1.30. The company’s fifty day moving average is $115.71 and its two-hundred day moving average is $125.21.

Morgan Stanley (NYSE:MS) last issued its earnings results on Friday, April 11th. The financial services provider reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.39. The business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $16.81 billion. Morgan Stanley had a net margin of 12.48% and a return on equity of 14.39%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.02 earnings per share. Analysts forecast that Morgan Stanley will post 8.56 earnings per share for the current year.

Morgan Stanley Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a $0.925 dividend. This represents a $3.70 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Wednesday, April 30th. Morgan Stanley’s payout ratio is 43.43%.

Wall Street Analysts Forecast Growth

MS has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their price target on shares of Morgan Stanley from $125.00 to $122.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group cut their price target on shares of Morgan Stanley from $144.00 to $126.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. UBS Group lifted their price target on shares of Morgan Stanley from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Wells Fargo & Company cut their price target on shares of Morgan Stanley from $130.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Finally, JMP Securities reiterated a “market perform” rating on shares of Morgan Stanley in a research note on Monday, April 14th. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $132.46.

Insider Activity

In other news, insider Eric F. Grossman sold 10,068 shares of Morgan Stanley stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $111.65, for a total value of $1,124,092.20. Following the sale, the insider now owns 199,274 shares of the company’s stock, valued at $22,248,942.10. The trade was a 4.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert H. Herz sold 800 shares of Morgan Stanley stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $119.32, for a total transaction of $95,456.00. Following the completion of the sale, the director now directly owns 96,760 shares in the company, valued at approximately $11,545,403.20. The trade was a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,868 shares of company stock valued at $6,019,548 over the last quarter. Corporate insiders own 0.19% of the company’s stock.

Morgan Stanley 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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.