CSat Investment Advisory L.P. lifted its stake in Morgan Stanley (NYSE:MS) by 72.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,770 shares of the financial services provider’s stock after acquiring an additional 2,000 shares during the period. CSat Investment Advisory L.P.’s holdings in Morgan Stanley were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Morgan Stanley in the 4th quarter worth approximately $676,319,000. Oregon Public Employees Retirement Fund raised its holdings in shares of Morgan Stanley by 4,072.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,548,246 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 13,223,517 shares during the period. ValueAct Holdings L.P. raised its holdings in shares of Morgan Stanley by 26.0% during the fourth quarter. ValueAct Holdings L.P. now owns 26,228,561 shares of the financial services provider’s stock valued at $1,039,962,000 after acquiring an additional 5,418,091 shares during the period. Prudential Financial Inc. raised its holdings in shares of Morgan Stanley by 136.8% during the fourth quarter. Prudential Financial Inc. now owns 5,453,354 shares of the financial services provider’s stock valued at $216,226,000 after acquiring an additional 3,150,224 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Morgan Stanley by 110.8% during the first quarter. SG Americas Securities LLC now owns 269,751 shares of the financial services provider’s stock valued at $11,383,000 after acquiring an additional 2,767,524 shares during the period. 83.85% of the stock is owned by institutional investors.
MS has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Morgan Stanley from a “strong sell” rating to a “sell” rating in a report on Friday, March 15th. HSBC set a $48.00 price objective on shares of Morgan Stanley and gave the company a “neutral” rating in a research report on Thursday, April 4th. Zacks Investment Research downgraded shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. BMO Capital Markets boosted their target price on shares of Morgan Stanley to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Finally, Oppenheimer boosted their target price on shares of Morgan Stanley from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $55.69.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.16. The company had revenue of $10.29 billion during the quarter, compared to analysts’ expectations of $9.96 billion. Morgan Stanley had a net margin of 16.75% and a return on equity of 11.45%. The business’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 EPS. On average, analysts expect that Morgan Stanley will post 4.73 EPS for the current year.
In other news, insider Daniel A. Simkowitz bought 7,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was acquired at an average price of $47.57 per share, for a total transaction of $332,990.00. Following the transaction, the insider now directly owns 193,089 shares of the company’s stock, valued at approximately $9,185,243.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.23% of the company’s stock.
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: What is a portfolio manager?
Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.