First Allied Advisory Services Inc. decreased its position in Morgan Stanley (NYSE:MS) by 7.0% in the first quarter, HoldingsChannel reports. The firm owned 45,977 shares of the financial services provider’s stock after selling 3,448 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Morgan Stanley were worth $1,931,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Nalls Sherbakoff Group LLC bought a new position in shares of Morgan Stanley during the fourth quarter valued at $28,000. Liberty Wealth Management LLC bought a new position in shares of Morgan Stanley during the fourth quarter valued at $29,000. CWM LLC increased its holdings in shares of Morgan Stanley by 72.6% during the fourth quarter. CWM LLC now owns 799 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 336 shares in the last quarter. Destination Wealth Management increased its holdings in shares of Morgan Stanley by 38.7% during the first quarter. Destination Wealth Management now owns 771 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 215 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA increased its holdings in shares of Morgan Stanley by 63.7% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 1,002 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 390 shares in the last quarter. Institutional investors and hedge funds own 86.21% of the company’s stock.

Several equities analysts have recently weighed in on the company. ValuEngine downgraded Morgan Stanley from a “hold” rating to a “sell” rating in a report on Monday. Royal Bank of Canada set a $60.00 price target on Morgan Stanley and gave the company a “buy” rating in a report on Wednesday, April 24th. BMO Capital Markets raised their price target on Morgan Stanley to $68.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Citigroup downgraded Morgan Stanley from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a report on Thursday, April 18th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Morgan Stanley in a report on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $56.24.

Morgan Stanley stock opened at $44.01 on Thursday. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.80 and a current ratio of 0.80. Morgan Stanley has a one year low of $36.74 and a one year high of $55.40. The firm has a market cap of $74.32 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 1.03 and a beta of 1.24.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.17 by $0.16. Morgan Stanley had a return on equity of 11.45% and a net margin of 16.75%. The company had revenue of $10.29 billion for the quarter, compared to analysts’ expectations of $9.96 billion. During the same period last year, the firm posted $1.45 earnings per share. Morgan Stanley’s revenue was down 7.1% compared to the same quarter last year. As a group, equities analysts anticipate that Morgan Stanley will post 4.79 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.20 annualized dividend and a dividend yield of 2.73%. Morgan Stanley’s dividend payout ratio (DPR) is presently 26.03%.

In other Morgan Stanley news, CFO Paul C. Wirth sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $42.40, for a total value of $1,060,000.00. Following the transaction, the chief financial officer now directly owns 169,031 shares of the company’s stock, valued at $7,166,914.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel A. Simkowitz bought 7,000 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was purchased at an average cost of $47.57 per share, for a total transaction of $332,990.00. Following the completion of the transaction, the insider now directly owns 193,089 shares of the company’s stock, valued at approximately $9,185,243.73. The disclosure for this purchase can be found here. Company insiders own 0.23% of the company’s stock.

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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.

Read More: Market Capitalization and Individual Investors

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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