New England Research & Management Inc. cut its stake in Morgan Stanley (NYSE:MS) by 72.5% in the fourth quarter, HoldingsChannel reports. The firm owned 11,075 shares of the financial services provider’s stock after selling 29,147 shares during the period. New England Research & Management Inc.’s holdings in Morgan Stanley were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Girard Partners LTD. purchased a new position in Morgan Stanley during the 3rd quarter worth approximately $115,000. Harvest Fund Management Co. Ltd raised its position in Morgan Stanley by 108.8% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,815 shares of the financial services provider’s stock worth $131,000 after buying an additional 1,467 shares during the last quarter. Honkamp Krueger Financial Services Inc. purchased a new position in Morgan Stanley during the 3rd quarter worth approximately $157,000. Focused Wealth Management Inc purchased a new position in Morgan Stanley during the 2nd quarter worth approximately $167,000. Finally, Cerebellum GP LLC purchased a new position in Morgan Stanley during the 3rd quarter worth approximately $168,000. 85.06% of the stock is owned by institutional investors.
NYSE:MS opened at $41.74 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.67. The company has a market cap of $71.80 billion, a PE ratio of 11.59, a PEG ratio of 0.69 and a beta of 1.24. Morgan Stanley has a 1-year low of $36.74 and a 1-year high of $59.38.
Morgan Stanley (NYSE:MS) last posted its earnings results on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.16. The firm had revenue of $9.87 billion during the quarter, compared to analyst estimates of $9.55 billion. Morgan Stanley had a net margin of 15.93% and a return on equity of 12.51%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. Analysts expect that Morgan Stanley will post 4.87 earnings per share for the current fiscal year.
A number of research firms have issued reports on MS. Zacks Investment Research lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Barclays reduced their price target on shares of Morgan Stanley from $63.00 to $55.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 2nd. Oppenheimer raised shares of Morgan Stanley to an “outperform” rating and set a $62.00 price target for the company in a research report on Tuesday, October 16th. Vining Sparks reissued a “buy” rating and set a $60.00 price target on shares of Morgan Stanley in a research report on Tuesday, October 16th. Finally, Wells Fargo & Co raised shares of Morgan Stanley to a “buy ms” rating in a research report on Thursday, December 20th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. Morgan Stanley presently has an average rating of “Hold” and an average price target of $56.06.
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About Morgan Stanley
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 Institutional Securities, Wealth Management, and Investment Management segments.
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