Clear Street Markets LLC acquired a new position in Morgan Stanley (NYSE:MS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,500 shares of the financial services provider’s stock, valued at approximately $639,000.
A number of other hedge funds also recently bought and sold shares of MS. Nuveen Asset Management LLC lifted its holdings in Morgan Stanley by 1,929.5% in the second quarter. Nuveen Asset Management LLC now owns 16,566,955 shares of the financial services provider’s stock worth $725,798,000 after purchasing an additional 15,750,661 shares during the period. Vectors Research Management LLC raised its holdings in Morgan Stanley by 650,262.3% during the 3rd quarter. Vectors Research Management LLC now owns 3,590,000 shares of the financial services provider’s stock worth $3,654,000 after buying an additional 3,589,448 shares during the period. Eminence Capital LP acquired a new stake in Morgan Stanley during the 2nd quarter worth about $141,913,000. Amundi Pioneer Asset Management Inc. raised its holdings in Morgan Stanley by 18.5% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 7,278,764 shares of the financial services provider’s stock worth $1,032,162,000 after buying an additional 1,134,651 shares during the period. Finally, Railway Pension Investments Ltd raised its holdings in Morgan Stanley by 371.8% during the 3rd quarter. Railway Pension Investments Ltd now owns 1,258,529 shares of the financial services provider’s stock worth $53,701,000 after buying an additional 991,792 shares during the period. 84.00% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE MS traded up $0.45 during trading hours on Monday, hitting $52.67. The stock had a trading volume of 2,845,972 shares, compared to its average volume of 6,712,577. The company has a market capitalization of $84.51 billion, a P/E ratio of 11.42, a P/E/G ratio of 1.12 and a beta of 1.39. The firm’s 50-day moving average price is $50.36 and its two-hundred day moving average price is $45.36. Morgan Stanley has a 52 week low of $38.76 and a 52 week high of $52.47. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.78 and a current ratio of 0.78.
Morgan Stanley (NYSE:MS) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. The firm had revenue of $10.03 billion during the quarter, compared to analysts’ expectations of $9.63 billion. Morgan Stanley had a return on equity of 10.86% and a net margin of 15.99%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 earnings per share. As a group, analysts expect that Morgan Stanley will post 4.75 EPS for the current fiscal year.
MS has been the topic of several recent analyst reports. TheStreet upgraded Morgan Stanley from a “c+” rating to a “b-” rating in a report on Wednesday, September 18th. Sandler O’Neill upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Thursday, October 10th. Odeon Capital Group downgraded Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. DA Davidson started coverage on Morgan Stanley in a report on Wednesday, January 8th. They issued a “buy” rating and a $62.00 target price on the stock. Finally, Deutsche Bank downgraded Morgan Stanley from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $56.36.
In other news, insider Robert P. Rooney sold 51,105 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $49.13, for a total value of $2,510,788.65. Following the completion of the sale, the insider now directly owns 183,448 shares of the company’s stock, valued at $9,012,800.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul C. Wirth sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $49.08, for a total value of $1,227,000.00. Following the completion of the sale, the chief financial officer now directly owns 146,816 shares of the company’s stock, valued at $7,205,729.28. The disclosure for this sale can be found here. Insiders have sold 102,105 shares of company stock valued at $5,013,869 in the last ninety days. Company insiders own 0.23% of the company’s stock.
Morgan Stanley Company 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.
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