Morgan Stanley (NYSE:MS) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its holdings in shares of Morgan Stanley (NYSE:MS) by 0.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,319,050 shares of the financial services provider’s stock after acquiring an additional 51,672 shares during the period. Northern Trust Corp owned 0.91% of Morgan Stanley worth $646,464,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MS. Springhouse Capital Management LP purchased a new position in shares of Morgan Stanley during the 4th quarter worth approximately $8,069,000. Lowe Brockenbrough & Co. Inc. lifted its holdings in Morgan Stanley by 0.6% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 115,414 shares of the financial services provider’s stock worth $4,576,000 after buying an additional 735 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Morgan Stanley by 31.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 88,206 shares of the financial services provider’s stock worth $3,497,000 after buying an additional 21,173 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in Morgan Stanley during the 1st quarter worth approximately $827,000. Finally, AMG National Trust Bank acquired a new stake in Morgan Stanley during the 4th quarter worth approximately $547,000. 83.85% of the stock is owned by institutional investors.

MS traded up $0.32 during midday trading on Friday, reaching $43.81. 15,443,949 shares of the company’s stock were exchanged, compared to its average volume of 11,395,160. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.60. The firm has a market cap of $74.51 billion, a PE ratio of 9.50, a PEG ratio of 1.01 and a beta of 1.33. The company’s 50-day moving average price is $43.24. Morgan Stanley has a 1-year low of $36.74 and a 1-year high of $51.53.

Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping 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 firm’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 earnings per share. Equities analysts predict that Morgan Stanley will post 4.73 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada set a $60.00 target price on shares of Morgan Stanley and gave the stock a “buy” rating in a report on Wednesday, April 24th. Citigroup lowered shares of Morgan Stanley from a “buy” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a report on Thursday, April 18th. Wells Fargo & Co restated a “buy” rating on shares of Morgan Stanley in a report on Wednesday, April 17th. ValuEngine upgraded shares of Morgan Stanley from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Oppenheimer increased their target price on shares of Morgan Stanley from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. Morgan Stanley currently has an average rating of “Hold” and an average price target of $55.69.

In other news, insider Daniel A. Simkowitz acquired 7,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was acquired at an average price of $47.57 per share, with a total value of $332,990.00. Following the completion of the transaction, the insider now directly owns 193,089 shares in the company, valued at approximately $9,185,243.73. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.23% of the company’s stock.

About Morgan Stanley

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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