BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Morgan Stanley (NYSE:MS) by 43.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 755,386 shares of the financial services provider’s stock after acquiring an additional 227,980 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Morgan Stanley were worth $39,635,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Exane Derivatives lifted its stake in Morgan Stanley by 303.9% in the fourth quarter. Exane Derivatives now owns 1,979 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 1,489 shares during the last quarter. First Dallas Securities Inc. purchased a new position in Morgan Stanley in the fourth quarter worth approximately $121,000. Invictus RG lifted its stake 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 during the last quarter. Rational Advisors LLC purchased a new position in Morgan Stanley in the third quarter worth approximately $116,000. Finally, Zions Bancorporation lifted its stake in Morgan Stanley by 176.1% in the third quarter. Zions Bancorporation now owns 2,463 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 1,571 shares during the last quarter. Institutional investors own 86.06% of the company’s stock.
In related news, CFO Jonathan Pruzan sold 52,204 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $55.35, for a total value of $2,889,491.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel A. Simkowitz sold 87,050 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $53.55, for a total transaction of $4,661,527.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 239,254 shares of company stock valued at $13,085,019. 0.24% of the stock is owned by insiders.
MS has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upgraded shares of Morgan Stanley from a “market perform” rating to an “outperform” rating and set a $59.00 price target for the company in a research note on Tuesday, December 12th. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Wednesday, January 3rd. Barclays lifted their price target on shares of Morgan Stanley from $52.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Societe Generale downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Vining Sparks restated a “buy” rating and set a $60.00 price objective on shares of Morgan Stanley in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Morgan Stanley currently has an average rating of “Buy” and a consensus price target of $54.39.
Shares of Morgan Stanley stock opened at $57.11 on Thursday. The firm has a market cap of $102,045.63, a P/E ratio of 18.48, a PEG ratio of 0.98 and a beta of 1.50. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.75. Morgan Stanley has a 12-month low of $40.06 and a 12-month high of $59.38.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.77 by $0.07. Morgan Stanley had a net margin of 14.10% and a return on equity of 10.07%. The firm had revenue of $9.50 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. Morgan Stanley’s revenue for the quarter was up 5.3% on a year-over-year basis. research analysts expect that Morgan Stanley will post 4.53 earnings per share for the current fiscal year.
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About Morgan Stanley
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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