LGT Capital Partners LTD. boosted its holdings in Morgan Stanley (NYSE:MS) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 554,900 shares of the financial services provider’s stock after acquiring an additional 5,615 shares during the quarter. Morgan Stanley comprises about 2.7% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 11th biggest holding. LGT Capital Partners LTD.’s holdings in Morgan Stanley were worth $29,116,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of MS. Invictus RG raised its position in Morgan Stanley by 307.5% in the third quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,762 shares in the last quarter. Rational Advisors LLC bought a new stake in Morgan Stanley in the third quarter worth about $116,000. Zions Bancorporation increased its stake in Morgan Stanley by 176.1% in the 3rd quarter. Zions Bancorporation now owns 2,463 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 1,571 shares in the last quarter. WFG Advisors LP increased its stake in Morgan Stanley by 45.4% in the 2nd quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 840 shares in the last quarter. Finally, BB&T Investment Services Inc. increased its stake in Morgan Stanley by 163.1% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,655 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 1,646 shares in the last quarter. Hedge funds and other institutional investors own 85.49% of the company’s stock.
A number of equities analysts recently weighed in on the company. Societe Generale cut Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Tuesday. Atlantic Securities raised Morgan Stanley from a “neutral” rating to an “overweight” rating and set a $61.00 price target on the stock in a research note on Wednesday. UBS Group raised Morgan Stanley to an “overweight” rating in a research note on Wednesday. Oppenheimer reissued a “hold” rating on shares of Morgan Stanley in a research note on Tuesday, October 17th. Finally, JPMorgan Chase & Co. set a $53.00 price target on Morgan Stanley and gave the stock a “buy” rating in a research note on Friday, September 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Morgan Stanley has an average rating of “Buy” and a consensus target price of $53.11.
In related news, President Thomas Colm Kelleher sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $50.59, for a total value of $2,023,600.00. Following the completion of the sale, the president now owns 692,037 shares of the company’s stock, valued at approximately $35,010,151.83. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alistair Darling sold 3,850 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $49.29, for a total value of $189,766.50. Following the completion of the sale, the director now directly owns 14,218 shares of the company’s stock, valued at approximately $700,805.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 85,247 shares of company stock worth $4,284,364. Company insiders own 0.24% of the company’s stock.
Morgan Stanley (MS) traded up $0.63 during trading hours on Thursday, reaching $53.93. The company’s stock had a trading volume of 11,028,700 shares, compared to its average volume of 7,583,914. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.68. Morgan Stanley has a 52 week low of $40.06 and a 52 week high of $54.48. The stock has a market cap of $98,040.00, a PE ratio of 14.90, a PEG ratio of 1.08 and a beta of 1.65.
Morgan Stanley (NYSE:MS) last released its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.12. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.05 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. sell-side analysts forecast that Morgan Stanley will post 3.58 EPS for the current year.
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Morgan Stanley Company Profile
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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