New Mexico Educational Retirement Board trimmed its holdings in shares of Morgan Stanley (NYSE:MS) by 3.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,995 shares of the financial services provider’s stock after selling 3,900 shares during the period. New Mexico Educational Retirement Board’s holdings in Morgan Stanley were worth $4,600,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Quantitative Systematic Strategies LLC grew its stake in Morgan Stanley by 672.3% in the 1st quarter. Quantitative Systematic Strategies LLC now owns 78,429 shares of the financial services provider’s stock worth $3,310,000 after acquiring an additional 68,274 shares during the period. Ropes Wealth Advisors LLC grew its stake in Morgan Stanley by 58.8% in the 1st quarter. Ropes Wealth Advisors LLC now owns 1,350 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 500 shares during the period. Sciencast Management LP purchased a new stake in Morgan Stanley in the 1st quarter worth approximately $919,000. WP Advisors LLC purchased a new stake in Morgan Stanley in the 1st quarter worth approximately $60,000. Finally, Retirement Systems of Alabama grew its stake in Morgan Stanley by 3.9% in the 1st quarter. Retirement Systems of Alabama now owns 1,497,321 shares of the financial services provider’s stock worth $63,187,000 after acquiring an additional 55,606 shares during the period. 86.10% of the stock is owned by institutional investors and hedge funds.
Shares of MS opened at $47.02 on Wednesday. The firm has a market capitalization of $77.71 billion, a price-to-earnings ratio of 10.20, a P/E/G ratio of 1.13 and a beta of 1.19. Morgan Stanley has a fifty-two week low of $36.74 and a fifty-two week high of $55.64. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.60.
Several analysts have commented on the stock. HSBC set a $48.00 target price on shares of Morgan Stanley and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Zacks Investment Research cut shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. ValuEngine raised shares of Morgan Stanley from a “strong sell” rating to a “sell” rating in a research note on Friday, March 15th. BMO Capital Markets lowered their target price on shares of Morgan Stanley to $65.00 and set an “outperform” rating for the company in a research note on Friday, January 18th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $56.00 target price on shares of Morgan Stanley in a research note on Wednesday, February 20th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Morgan Stanley presently has an average rating of “Hold” and an average price target of $55.81.
In related news, CFO Paul C. Wirth sold 25,000 shares of Morgan Stanley stock in a transaction on Tuesday, February 26th. The shares were 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 owns 169,031 shares in the company, valued at approximately $7,166,914.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey S. Brodsky sold 15,565 shares of Morgan Stanley stock in a transaction on Friday, January 18th. The shares were sold at an average price of $43.38, for a total transaction of $675,209.70. Following the transaction, the insider now owns 112,420 shares in the company, valued at approximately $4,876,779.60. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.
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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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.
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