Edge Capital Group LLC Purchases New Position in Morgan Stanley (MS)

Edge Capital Group LLC purchased a new stake in Morgan Stanley (NYSE:MS) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 5,179 shares of the financial services provider’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Morgan Stanley increased its stake in shares of Morgan Stanley by 6.2% in the 3rd quarter. Morgan Stanley now owns 731,978 shares of the financial services provider’s stock valued at $34,088,000 after purchasing an additional 43,032 shares during the last quarter. Boston Common Asset Management LLC increased its stake in shares of Morgan Stanley by 30.1% in the 4th quarter. Boston Common Asset Management LLC now owns 189,181 shares of the financial services provider’s stock valued at $7,501,000 after purchasing an additional 43,735 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Morgan Stanley by 31.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 88,206 shares of the financial services provider’s stock valued at $3,497,000 after purchasing an additional 21,173 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Morgan Stanley by 1.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 256,638 shares of the financial services provider’s stock valued at $10,176,000 after purchasing an additional 4,164 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Morgan Stanley by 234.4% in the 3rd quarter. Mackenzie Financial Corp now owns 21,821 shares of the financial services provider’s stock valued at $1,016,000 after purchasing an additional 15,295 shares during the last quarter. Institutional investors own 83.92% of the company’s stock.

MS has been the topic of several recent analyst reports. Citigroup upgraded Morgan Stanley from a “neutral” rating to a “buy” rating and decreased their price target for the company from $50.00 to $48.00 in a research note on Wednesday, January 9th. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Thursday, December 6th. Credit Suisse Group reissued a “buy” rating and set a $56.00 price objective on shares of Morgan Stanley in a report on Wednesday, February 20th. Wells Fargo & Co raised Morgan Stanley to a “buy ms” rating in a report on Thursday, December 20th. Finally, Barclays cut their price objective on Morgan Stanley from $63.00 to $55.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 2nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $56.25.

In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 15,565 shares of Morgan Stanley stock in a transaction dated Friday, January 18th. The stock was sold at an average price of $43.38, for a total transaction of $675,209.70. Following the transaction, the insider now directly owns 112,420 shares of the company’s stock, valued at approximately $4,876,779.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Paul C. Wirth sold 25,000 shares of Morgan Stanley stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $42.40, for a total value of $1,060,000.00. Following the transaction, the chief financial officer now directly owns 169,031 shares in the company, valued at $7,166,914.40. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

NYSE MS opened at $43.13 on Friday. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.81 and a current ratio of 0.81. Morgan Stanley has a twelve month low of $36.74 and a twelve month high of $56.67. The firm has a market cap of $73.53 billion, a P/E ratio of 9.25, a PEG ratio of 1.03 and a beta of 1.19.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Thursday, January 17th. The financial services provider reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.17). Morgan Stanley had a net margin of 17.43% and a return on equity of 12.02%. The firm had revenue of $8.55 billion for the quarter, compared to analyst estimates of $9.32 billion. During the same period last year, the business earned $0.84 EPS. The company’s revenue was down 10.0% compared to the same quarter last year. On average, analysts forecast that Morgan Stanley will post 4.81 earnings per share for the current fiscal year.

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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 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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