Parsec Financial Management Inc. Reduces Stock Holdings in Morgan Stanley (NYSE:MS)

Parsec Financial Management Inc. lowered its holdings in shares of Morgan Stanley (NYSE:MSGet Rating) by 30.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,768 shares of the financial services provider’s stock after selling 3,409 shares during the quarter. Parsec Financial Management Inc.’s holdings in Morgan Stanley were worth $762,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. JFS Wealth Advisors LLC boosted its holdings in Morgan Stanley by 61.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 265 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 101 shares during the period. Maryland Capital Advisors Inc. bought a new stake in Morgan Stanley during the 4th quarter valued at $29,000. Bellwether Advisors LLC bought a new position in shares of Morgan Stanley in the 4th quarter worth $37,000. Consolidated Planning Corp bought a new position in shares of Morgan Stanley in the 3rd quarter worth $38,000. Finally, SRS Capital Advisors Inc. raised its position in shares of Morgan Stanley by 108.4% in the 3rd quarter. SRS Capital Advisors Inc. now owns 473 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 246 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.

In other Morgan Stanley news, insider Daniel A. Simkowitz sold 18,414 shares of the stock in a transaction that occurred on Monday, January 31st. The stock was sold at an average price of $102.56, for a total transaction of $1,888,539.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew M. Saperstein sold 17,162 shares of the stock in a transaction that occurred on Tuesday, February 8th. The shares were sold at an average price of $105.70, for a total value of $1,814,023.40. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

MS stock traded down $2.81 during mid-day trading on Friday, reaching $80.59. 8,097,283 shares of the company’s stock were exchanged, compared to its average volume of 9,581,925. The company has a market cap of $141.53 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 1.38 and a beta of 1.46. The stock’s 50 day moving average is $87.93 and its 200 day moving average is $96.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.78 and a quick ratio of 0.78. Morgan Stanley has a 12-month low of $80.31 and a 12-month high of $109.73.

Morgan Stanley (NYSE:MSGet Rating) last issued its quarterly earnings results on Thursday, April 14th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.33. The company had revenue of $14.80 billion for the quarter, compared to the consensus estimate of $14.16 billion. Morgan Stanley had a return on equity of 15.03% and a net margin of 24.21%. Morgan Stanley’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.22 earnings per share. On average, research analysts forecast that Morgan Stanley will post 7.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 13th. Shareholders of record on Friday, April 29th will be issued a dividend of $0.70 per share. The ex-dividend date is Thursday, April 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.47%. Morgan Stanley’s payout ratio is currently 35.62%.

Several brokerages recently issued reports on MS. UBS Group upped their target price on Morgan Stanley from $119.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, January 4th. Wells Fargo & Company reduced their target price on Morgan Stanley from $104.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Monday, April 4th. Zacks Investment Research downgraded Morgan Stanley from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research note on Wednesday, March 16th. StockNews.com began coverage on Morgan Stanley in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Barclays boosted their price target on Morgan Stanley from $110.00 to $123.00 and gave the company an “overweight” rating in a research note on Monday, January 3rd. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $106.71.

Morgan Stanley Profile (Get Rating)

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.

See Also

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:MSGet Rating).

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

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