Peapack Gladstone Financial Corp boosted its position in Morgan Stanley (NYSE:MS) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 139,080 shares of the financial services provider’s stock after buying an additional 118 shares during the period. Peapack Gladstone Financial Corp’s holdings in Morgan Stanley were worth $5,958,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in MS. Private Advisor Group LLC increased its position in Morgan Stanley by 65.8% in the fourth quarter. Private Advisor Group LLC now owns 24,865 shares of the financial services provider’s stock worth $1,086,000 after buying an additional 9,871 shares during the period. Oxford Asset Management bought a new stake in shares of Morgan Stanley during the fourth quarter valued at approximately $2,754,000. ARP Americas LLC bought a new stake in shares of Morgan Stanley during the fourth quarter valued at approximately $368,000. Abbrea Capital LLC bought a new stake in shares of Morgan Stanley during the fourth quarter valued at approximately $350,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Morgan Stanley by 19.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 34,677 shares of the financial services provider’s stock valued at $1,465,000 after buying an additional 5,704 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.
Shares of Morgan Stanley (NYSE:MS) opened at 44.48 on Friday. Morgan Stanley has a 52 week low of $23.11 and a 52 week high of $47.33. The company has a market cap of $82.28 billion, a P/E ratio of 13.19 and a beta of 1.65. The firm’s 50-day moving average price is $43.12 and its 200 day moving average price is $43.49.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Wednesday, April 19th. The financial services provider reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.10. The business had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.29 billion. Morgan Stanley had a return on equity of 9.60% and a net margin of 16.83%. Morgan Stanley’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 EPS. On average, equities analysts predict that Morgan Stanley will post $3.46 EPS for the current fiscal year.
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Several equities research analysts recently commented on MS shares. Vetr upgraded Morgan Stanley from a “sell” rating to a “hold” rating and set a $43.48 target price on the stock in a report on Monday, March 20th. Compass Point started coverage on Morgan Stanley in a report on Wednesday, February 22nd. They set a “neutral” rating and a $46.00 target price on the stock. J P Morgan Chase & Co reiterated a “buy” rating on shares of Morgan Stanley in a report on Monday, May 29th. Instinet reiterated a “buy” rating and set a $50.00 target price (down from $51.00) on shares of Morgan Stanley in a report on Saturday, June 3rd. Finally, Rafferty Capital Markets reiterated a “buy” rating and set a $50.00 target price on shares of Morgan Stanley in a report on Saturday, April 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Morgan Stanley has an average rating of “Buy” and a consensus price target of $42.30.
In other Morgan Stanley news, Chairman James P. Gorman sold 212,365 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $42.93, for a total transaction of $9,116,829.45. Following the transaction, the chairman now owns 1,389,378 shares of the company’s stock, valued at approximately $59,645,997.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.35% of the stock is currently owned by corporate insiders.
About Morgan Stanley
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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