Morgan Stanley (NYSE:MS) Shares Sold by Wedge Capital Management L L P NC

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Wedge Capital Management L L P NC cut its stake in Morgan Stanley (NYSE:MS) by 3.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 630,551 shares of the financial services provider’s stock after selling 23,975 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Morgan Stanley were worth $32,234,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Fulcrum Capital LLC acquired a new stake in Morgan Stanley in the 3rd quarter valued at about $205,000. Prime Capital Investment Advisors LLC acquired a new position in Morgan Stanley during the third quarter worth about $28,000. Astor Investment Management LLC purchased a new stake in shares of Morgan Stanley in the third quarter valued at about $31,000. Stonebridge Capital Advisors LLC purchased a new stake in shares of Morgan Stanley in the second quarter valued at about $35,000. Finally, Endurance Wealth Management Inc. grew its position in shares of Morgan Stanley by 189.0% in the third quarter. Endurance Wealth Management Inc. now owns 867 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 567 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

In other news, insider Keishi Hotsuki sold 26,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $49.08, for a total transaction of $1,276,080.00. Following the transaction, the insider now directly owns 254,530 shares in the company, valued at approximately $12,492,332.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert P. Rooney sold 51,105 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $49.13, for a total transaction of $2,510,788.65. Following the completion of the sale, the insider now directly owns 183,448 shares in the company, valued at $9,012,800.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,105 shares of company stock worth $5,013,869. Corporate insiders own 0.23% of the company’s stock.

A number of research analysts have recently weighed in on the stock. BNP Paribas began coverage on shares of Morgan Stanley in a research note on Tuesday, December 3rd. They set a “buy” rating and a $59.00 price objective for the company. ValuEngine downgraded Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. JMP Securities lowered Morgan Stanley from an “outperform” rating to a “market perform” rating in a research note on Monday. TheStreet upgraded Morgan Stanley from a “c+” rating to a “b-” rating in a report on Wednesday, September 18th. Finally, Sandler O’Neill raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Thursday, October 10th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $56.36.

Shares of MS opened at $52.94 on Thursday. Morgan Stanley has a 1 year low of $38.76 and a 1 year high of $53.24. The company’s 50 day simple moving average is $50.68 and its 200 day simple moving average is $45.60. The company has a market capitalization of $85.56 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 1.12 and a beta of 1.39. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.78 and a current ratio of 0.78.

Morgan Stanley (NYSE:MS) last released its earnings results on Thursday, October 17th. The financial services provider reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.17. The firm had revenue of $10.03 billion during the quarter, compared to analysts’ expectations of $9.63 billion. Morgan Stanley had a net margin of 15.99% and a return on equity of 10.86%. Morgan Stanley’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.17 EPS. Equities analysts expect that Morgan Stanley will post 4.75 EPS for the current fiscal year.

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 through Institutional Securities, Wealth Management, and Investment Management segments.

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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).

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

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