LGT Capital Partners LTD. trimmed its stake in Morgan Stanley (NYSE:MS) by 9.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 584,270 shares of the financial services provider’s stock after selling 62,740 shares during the period. Morgan Stanley comprises approximately 1.8% of LGT Capital Partners LTD.’s holdings, making the stock its 20th largest position. LGT Capital Partners LTD.’s holdings in Morgan Stanley were worth $29,868,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its stake in shares of Morgan Stanley by 45.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 4,359 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 1,360 shares during the last quarter. Principle Wealth Partners LLC raised its position in Morgan Stanley by 29.7% during the 3rd quarter. Principle Wealth Partners LLC now owns 13,673 shares of the financial services provider’s stock valued at $583,000 after purchasing an additional 3,133 shares in the last quarter. FSI Group LLC bought a new stake in Morgan Stanley during the 3rd quarter valued at $3,818,000. Pictet Asset Management Ltd. raised its position in Morgan Stanley by 5.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 650,809 shares of the financial services provider’s stock valued at $27,770,000 after purchasing an additional 35,000 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new stake in Morgan Stanley during the 3rd quarter valued at $13,390,000. 84.01% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on MS shares. TheStreet raised Morgan Stanley from a “c+” rating to a “b-” rating in a research report on Wednesday, September 18th. Sandler O’Neill raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Thursday, October 10th. DA Davidson started coverage on Morgan Stanley in a report on Wednesday. They issued a “buy” rating and a $62.00 price target on the stock. Odeon Capital Group downgraded Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, ValuEngine downgraded Morgan Stanley from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.36.
Morgan Stanley stock traded up $0.22 during mid-day trading on Friday, hitting $52.28. The company’s stock had a trading volume of 1,138,163 shares, compared to its average volume of 7,049,789. The firm has a market capitalization of $84.26 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 1.10 and a beta of 1.39. Morgan Stanley has a 1 year low of $38.76 and a 1 year high of $52.25. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.58. The stock’s fifty day moving average is $50.29 and its two-hundred day moving average is $45.32.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. Morgan Stanley had a return on equity of 10.86% and a net margin of 15.99%. The company had revenue of $10.03 billion for the quarter, compared to analysts’ expectations of $9.63 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts expect that Morgan Stanley will post 4.73 EPS for the current fiscal year.
In other Morgan Stanley news, insider Keishi Hotsuki sold 26,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $49.08, for a total transaction of $1,276,080.00. Following the transaction, the insider now directly owns 254,530 shares in the company, valued at $12,492,332.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert P. Rooney sold 51,105 shares of the company’s stock in a transaction 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 transaction, the insider now owns 183,448 shares in the company, valued at $9,012,800.24. The disclosure for this sale can be found here. Insiders have sold 102,105 shares of company stock worth $5,013,869 over the last 90 days. 0.23% of the stock is owned by insiders.
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.
Further Reading: Certificate of Deposit (CD) For Risk Adverse Investors?
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