Institute for Wealth Management LLC. Purchases 259 Shares of Morgan Stanley (NYSE:MS)

Institute for Wealth Management LLC. grew its position in Morgan Stanley (NYSE:MS) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,236 shares of the financial services provider’s stock after acquiring an additional 259 shares during the period. Institute for Wealth Management LLC.’s holdings in Morgan Stanley were worth $736,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in shares of Morgan Stanley by 21.5% in the second quarter. State of Alaska Department of Revenue now owns 299,843 shares of the financial services provider’s stock valued at $14,482,000 after acquiring an additional 53,079 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Morgan Stanley by 144.7% in the fourth quarter. Macquarie Group Ltd. now owns 114,021 shares of the financial services provider’s stock valued at $5,828,000 after acquiring an additional 67,419 shares during the last quarter. Core Alternative Capital raised its stake in shares of Morgan Stanley by 5.4% in the second quarter. Core Alternative Capital now owns 145,075 shares of the financial services provider’s stock valued at $7,007,000 after acquiring an additional 7,492 shares during the last quarter. Park National Corp OH bought a new position in shares of Morgan Stanley in the second quarter valued at approximately $234,000. Finally, First Financial Bank Trust Division bought a new position in shares of Morgan Stanley in the second quarter valued at approximately $271,000. Institutional investors own 86.91% of the company’s stock.

A number of research analysts have recently issued reports on MS shares. BMO Capital Markets lifted their target price on shares of Morgan Stanley from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Odeon Capital Group upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Thursday, May 21st. Wells Fargo & Co restated a “hold” rating on shares of Morgan Stanley in a research report on Sunday, June 7th. Barclays boosted their price objective on shares of Morgan Stanley from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Finally, Royal Bank of Canada boosted their price objective on shares of Morgan Stanley from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $54.05.

In other news, insider Andrew M. Saperstein sold 28,846 shares of the business’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $52.56, for a total value of $1,516,145.76. Following the completion of the transaction, the insider now owns 118,478 shares of the company’s stock, valued at approximately $6,227,203.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James P. Gorman sold 150,000 shares of the business’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $52.39, for a total transaction of $7,858,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,143,873 shares of the company’s stock, valued at approximately $59,927,506.47. The disclosure for this sale can be found here. Insiders sold a total of 197,846 shares of company stock valued at $10,362,646 in the last three months. 0.26% of the stock is owned by company insiders.

Shares of MS stock traded down $0.07 on Friday, hitting $48.88. The stock had a trading volume of 9,664,610 shares, compared to its average volume of 11,858,091. Morgan Stanley has a twelve month low of $27.20 and a twelve month high of $57.57. The firm has a market cap of $77.02 billion, a P/E ratio of 8.82, a PEG ratio of 0.98 and a beta of 1.51. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.48. The company has a fifty day moving average price of $48.88 and a two-hundred day moving average price of $45.22.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Thursday, July 16th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.84. Morgan Stanley had a net margin of 17.78% and a return on equity of 12.03%. The company had revenue of $13.41 billion during the quarter, compared to analyst estimates of $10.39 billion. During the same quarter in the previous year, the business earned $1.23 EPS. The firm’s revenue was up 30.9% on a year-over-year basis. On average, analysts expect that Morgan Stanley will post 5.18 earnings per share for the current 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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