Envestnet Asset Management Inc. Sells 250,748 Shares of Morgan Stanley (MS)

Envestnet Asset Management Inc. lowered its position in Morgan Stanley (NYSE:MS) by 80.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,885 shares of the financial services provider’s stock after selling 250,748 shares during the period. Envestnet Asset Management Inc.’s holdings in Morgan Stanley were worth $3,225,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Teacher Retirement System of Texas boosted its holdings in Morgan Stanley by 11.6% in the first quarter. Teacher Retirement System of Texas now owns 905,278 shares of the financial services provider’s stock worth $48,849,000 after acquiring an additional 94,003 shares in the last quarter. Providence First Trust Co boosted its holdings in Morgan Stanley by 26.6% in the first quarter. Providence First Trust Co now owns 34,591 shares of the financial services provider’s stock worth $1,867,000 after acquiring an additional 7,262 shares in the last quarter. Douglass Winthrop Advisors LLC boosted its holdings in Morgan Stanley by 1,276.8% in the first quarter. Douglass Winthrop Advisors LLC now owns 60,386 shares of the financial services provider’s stock worth $3,258,000 after acquiring an additional 56,000 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in Morgan Stanley by 1,345.1% in the first quarter. Penserra Capital Management LLC now owns 6,792 shares of the financial services provider’s stock worth $365,000 after acquiring an additional 6,322 shares in the last quarter. Finally, Affinity Investment Advisors LLC boosted its holdings in Morgan Stanley by 2.8% in the first quarter. Affinity Investment Advisors LLC now owns 280,250 shares of the financial services provider’s stock worth $15,122,000 after acquiring an additional 7,681 shares in the last quarter. Institutional investors and hedge funds own 85.26% of the company’s stock.

Shares of MS opened at $53.01 on Friday. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $95.59 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 0.90 and a beta of 1.55. Morgan Stanley has a 12 month low of $41.07 and a 12 month high of $59.38.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Wednesday, April 18th. The financial services provider reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.17. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $10.37 billion. Morgan Stanley had a return on equity of 11.10% and a net margin of 15.09%. Morgan Stanley’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the business posted $1.00 earnings per share. equities research analysts predict that Morgan Stanley will post 4.72 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Monday, April 30th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Friday, April 27th. Morgan Stanley’s payout ratio is 27.78%.

MS has been the topic of several recent research reports. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $60.00 price target on shares of Morgan Stanley in a report on Thursday, March 15th. Zacks Investment Research lowered Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $62.00 price target on shares of Morgan Stanley in a report on Thursday, April 5th. Sanford C. Bernstein initiated coverage on Morgan Stanley in a report on Monday, April 9th. They issued an “underperform” rating and a $51.00 price target on the stock. Finally, Vining Sparks reiterated a “buy” rating and issued a $67.00 price target on shares of Morgan Stanley in a report on Wednesday, April 18th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $56.15.

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 three segments: Institutional Securities, Wealth Management, and Investment Management.

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

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