Bank of Montreal Can Acquires 1,532,991 Shares of Morgan Stanley (MS)
Bank of Montreal Can raised its holdings in shares of Morgan Stanley (NYSE:MS) by 37.7% in the 4th quarter, Holdings Channel reports. The firm owned 5,594,220 shares of the financial services provider’s stock after purchasing an additional 1,532,991 shares during the quarter. Bank of Montreal Can’s holdings in Morgan Stanley were worth $293,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also added to or reduced their stakes in the company. Invictus RG grew its position in shares of Morgan Stanley by 307.5% during the third quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,762 shares during the last quarter. Rational Advisors LLC bought a new position in shares of Morgan Stanley during the third quarter worth about $116,000. Zions Bancorporation grew its position in shares of Morgan Stanley by 176.1% during the third quarter. Zions Bancorporation now owns 2,463 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 1,571 shares during the last quarter. BB&T Investment Services Inc. grew its position in shares of Morgan Stanley by 163.1% during the third quarter. BB&T Investment Services Inc. now owns 2,655 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 1,646 shares during the last quarter. Finally, WFG Advisors LP grew its position in shares of Morgan Stanley by 45.4% during the second quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 840 shares during the last quarter. Hedge funds and other institutional investors own 85.49% of the company’s stock.
In other Morgan Stanley news, President Thomas Colm Kelleher sold 40,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $50.59, for a total value of $2,023,600.00. Following the completion of the sale, the president now directly owns 692,037 shares of the company’s stock, valued at approximately $35,010,151.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alistair Darling sold 3,850 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $49.29, for a total transaction of $189,766.50. Following the completion of the sale, the director now directly owns 14,218 shares of the company’s stock, valued at $700,805.22. The disclosure for this sale can be found here. Insiders sold a total of 85,247 shares of company stock valued at $4,284,364 over the last three months. 0.24% of the stock is owned by corporate insiders.
Morgan Stanley (NYSE:MS) traded down $0.52 during mid-day trading on Tuesday, reaching $54.60. 11,147,228 shares of the company traded hands, compared to its average volume of 8,142,100. The firm has a market capitalization of $98,710.00, a P/E ratio of 15.08, a P/E/G ratio of 0.91 and a beta of 1.65. Morgan Stanley has a 1-year low of $40.06 and a 1-year high of $55.98. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.12. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.05 billion. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.80 earnings per share. sell-side analysts expect that Morgan Stanley will post 3.58 EPS for the current fiscal year.
Several equities analysts have recently commented on the stock. Atlantic Securities upgraded shares of Morgan Stanley from a “neutral” rating to an “overweight” rating and set a $61.00 price target for the company in a research report on Wednesday, January 10th. UBS Group upgraded shares of Morgan Stanley to an “overweight” rating in a research report on Wednesday, January 10th. Credit Suisse Group upgraded shares of Morgan Stanley to a “buy” rating and set a $58.00 price target for the company in a research report on Thursday, January 4th. Vining Sparks restated a “buy” rating and set a $60.00 price target on shares of Morgan Stanley in a research report on Monday, January 8th. Finally, Wells Fargo & Co set a $55.00 price target on shares of Morgan Stanley and gave the stock a “hold” rating in a research report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Morgan Stanley currently has an average rating of “Buy” and an average price target of $53.07.
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Morgan Stanley Profile
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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