Moody Aldrich Partners LLC Buys Shares of 8,890 Morgan Stanley (NYSE:MS)

Moody Aldrich Partners LLC bought a new stake in Morgan Stanley (NYSE:MS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,890 shares of the financial services provider’s stock, valued at approximately $429,000.

Other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its position in shares of Morgan Stanley by 21.5% in the fourth quarter. Quadrant Capital Group LLC now owns 5,296 shares of the financial services provider’s stock valued at $255,000 after buying an additional 937 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Morgan Stanley by 1.2% in the fourth quarter. Guggenheim Capital LLC now owns 236,531 shares of the financial services provider’s stock valued at $12,092,000 after buying an additional 2,828 shares in the last quarter. Verus Capital Partners LLC purchased a new stake in Morgan Stanley during the 4th quarter worth about $39,000. Macquarie Group Ltd. increased its position in Morgan Stanley by 144.7% during the 4th quarter. Macquarie Group Ltd. now owns 114,021 shares of the financial services provider’s stock worth $5,828,000 after purchasing an additional 67,419 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Morgan Stanley during the 4th quarter worth about $419,000. 86.91% of the stock is owned by institutional investors.

MS has been the subject of a number of recent research reports. Barclays lifted their price objective on Morgan Stanley from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. TheStreet upgraded Morgan Stanley from a “c+” rating to a “b” rating in a research report on Tuesday, June 9th. Citigroup lifted their price objective on Morgan Stanley from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Royal Bank of Canada lifted their price objective on Morgan Stanley from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Finally, DA Davidson lifted their price objective on Morgan Stanley from $58.00 to $64.00 and gave the stock a “buy” 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 company currently has a consensus rating of “Buy” and a consensus price target of $54.05.

Shares of NYSE MS traded down $0.07 during midday trading 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. The company has a market capitalization of $77.02 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 0.98 and a beta of 1.51. Morgan Stanley has a 1-year low of $27.20 and a 1-year high of $57.57. The company has a quick ratio of 0.80, a current 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 200 day moving average price of $45.22.

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

In related news, insider Andrew M. Saperstein sold 28,846 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $52.56, for a total transaction of $1,516,145.76. Following the transaction, the insider now directly owns 118,478 shares of the company’s stock, valued at approximately $6,227,203.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Keishi Hotsuki sold 19,000 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $52.00, for a total value of $988,000.00. Following the transaction, the insider now directly owns 243,666 shares in the company, valued at $12,670,632. The disclosure for this sale can be found here. Insiders sold a total of 197,846 shares of company stock worth $10,362,646 over the last ninety days. Corporate insiders own 0.26% of the company’s stock.

Morgan Stanley 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.

See Also: Cost of Debt

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

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