Cullinan Associates Inc. Has $1.61 Million Position in Morgan Stanley (MS)

Cullinan Associates Inc. lowered its position in shares of Morgan Stanley (NYSE:MS) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,700 shares of the financial services provider’s stock after selling 4,300 shares during the quarter. Cullinan Associates Inc.’s holdings in Morgan Stanley were worth $1,614,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MS. Kiwi Wealth Investments Limited Partnership acquired a new position in Morgan Stanley during the third quarter valued at approximately $4,912,000. ValueAct Holdings L.P. lifted its stake in Morgan Stanley by 11.2% in the third quarter. ValueAct Holdings L.P. now owns 20,810,470 shares of the financial services provider’s stock valued at $969,144,000 after buying an additional 2,100,850 shares in the last quarter. FMR LLC lifted its stake in Morgan Stanley by 4.4% in the second quarter. FMR LLC now owns 45,817,038 shares of the financial services provider’s stock valued at $2,171,728,000 after buying an additional 1,936,093 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Morgan Stanley by 28.2% in the third quarter. Renaissance Technologies LLC now owns 4,654,200 shares of the financial services provider’s stock valued at $216,746,000 after buying an additional 1,023,473 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Morgan Stanley by 107.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,246,803 shares of the financial services provider’s stock valued at $58,064,000 after buying an additional 644,811 shares in the last quarter. Hedge funds and other institutional investors own 85.06% of the company’s stock.

Shares of MS stock opened at $41.74 on Friday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $71.80 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 0.69 and a beta of 1.24. Morgan Stanley has a 12 month low of $36.74 and a 12 month high of $59.38.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.16. The business had revenue of $9.87 billion for 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 firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share. Analysts anticipate that Morgan Stanley will post 4.87 earnings per share for the current fiscal year.

A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Wednesday. Citigroup raised shares of Morgan Stanley from a “neutral” rating to a “buy” rating and cut their price target for the company from $50.00 to $48.00 in a research note on Wednesday. Barclays cut their price target on shares of Morgan Stanley from $63.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 2nd. Wells Fargo & Co raised shares of Morgan Stanley to a “buy ms” rating in a research note on Thursday, December 20th. Finally, Keefe, Bruyette & Woods lowered shares of Morgan Stanley from an “outperform” rating to a “hold” rating and set a $45.00 price target on the stock. in a research note on Tuesday, December 11th. Two investment 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. The stock has an average rating of “Hold” and an average target price of $56.06.

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Morgan Stanley 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 Institutional Securities, Wealth Management, and Investment Management segments.

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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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