4,682 Shares in Morgan Stanley (NYSE:MS) Purchased by Private Portfolio Partners LLC

Private Portfolio Partners LLC purchased a new stake in Morgan Stanley (NYSE:MS) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,682 shares of the financial services provider’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MS. Lourd Capital LLC raised its holdings in Morgan Stanley by 2.2% during the 2nd quarter. Lourd Capital LLC now owns 10,652 shares of the financial services provider’s stock worth $467,000 after buying an additional 233 shares during the period. Citizens Financial Group Inc RI raised its holdings in Morgan Stanley by 46.2% during the 1st quarter. Citizens Financial Group Inc RI now owns 775 shares of the financial services provider’s stock worth $32,000 after buying an additional 245 shares during the period. Sandy Spring Bank raised its holdings in Morgan Stanley by 26.2% during the 2nd quarter. Sandy Spring Bank now owns 1,262 shares of the financial services provider’s stock worth $55,000 after buying an additional 262 shares during the period. Captrust Financial Advisors raised its holdings in Morgan Stanley by 1.3% during the 2nd quarter. Captrust Financial Advisors now owns 22,908 shares of the financial services provider’s stock worth $1,004,000 after buying an additional 285 shares during the period. Finally, Convergence Investment Partners LLC raised its holdings in Morgan Stanley by 0.7% during the 2nd quarter. Convergence Investment Partners LLC now owns 43,074 shares of the financial services provider’s stock worth $1,887,000 after buying an additional 293 shares during the period. 83.58% of the stock is owned by institutional investors.

Several analysts have issued reports on the company. Citigroup upgraded Morgan Stanley from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $48.00 to $52.00 in a report on Friday, July 12th. BMO Capital Markets set a $69.00 price objective on Morgan Stanley and gave the stock a “buy” rating in a report on Friday, July 19th. TheStreet downgraded Morgan Stanley from a “b” rating to a “c+” rating in a report on Wednesday, August 14th. Finally, Oppenheimer set a $65.00 price objective on Morgan Stanley and gave the stock a “buy” rating in a report on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $56.45.

Shares of MS traded down $0.34 during trading hours on Thursday, reaching $44.03. The company’s stock had a trading volume of 4,248,319 shares, compared to its average volume of 9,296,413. The firm has a market cap of $73.96 billion, a price-to-earnings ratio of 9.55, a P/E/G ratio of 1.14 and a beta of 1.33. Morgan Stanley has a 1-year low of $36.74 and a 1-year high of $50.37. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.66. The company has a 50 day moving average of $41.65 and a two-hundred day moving average of $43.50.

Morgan Stanley (NYSE:MS) last issued its earnings results on Thursday, July 18th. The financial services provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.10. The company had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.02 billion. Morgan Stanley had a return on equity of 11.04% and a net margin of 16.06%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.30 EPS. As a group, analysts forecast that Morgan Stanley will post 4.79 EPS for the current fiscal year.

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

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