Pines Wealth Management LLC Invests $397,000 in Morgan Stanley (NYSE:MS)

Pines Wealth Management LLC purchased a new position in shares of Morgan Stanley (NYSE:MS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,216 shares of the financial services provider’s stock, valued at approximately $397,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB lifted its holdings in Morgan Stanley by 474.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 21,134 shares of the financial services provider’s stock valued at $2,203,000 after acquiring an additional 17,454 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Morgan Stanley by 0.8% in the third quarter. Principal Financial Group Inc. now owns 4,711,805 shares of the financial services provider’s stock valued at $491,159,000 after purchasing an additional 36,120 shares during the period. Natixis Advisors LLC lifted its stake in shares of Morgan Stanley by 1.4% in the third quarter. Natixis Advisors LLC now owns 1,152,937 shares of the financial services provider’s stock valued at $120,182,000 after purchasing an additional 16,350 shares during the period. Franklin Resources Inc. boosted its holdings in Morgan Stanley by 75.2% during the third quarter. Franklin Resources Inc. now owns 7,850,848 shares of the financial services provider’s stock worth $881,493,000 after buying an additional 3,369,520 shares in the last quarter. Finally, Catalytic Wealth RIA LLC acquired a new position in Morgan Stanley during the third quarter worth about $579,000. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Morgan Stanley Trading Up 5.2 %

Shares of Morgan Stanley stock opened at $131.08 on Thursday. The firm has a market cap of $211.17 billion, a PE ratio of 19.95, a P/E/G ratio of 1.18 and a beta of 1.36. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14. Morgan Stanley has a fifty-two week low of $83.09 and a fifty-two week high of $136.24. The business’s fifty day moving average is $128.74 and its two-hundred day moving average is $113.02.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.31. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. The firm had revenue of $15.38 billion for the quarter, compared to analyst estimates of $14.27 billion. Analysts anticipate that Morgan Stanley will post 7.33 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wells Fargo & Company raised Morgan Stanley from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $107.00 to $142.00 in a research note on Friday, November 15th. Hsbc Global Res lowered Morgan Stanley from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Barclays raised their price target on Morgan Stanley from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. The Goldman Sachs Group increased their price objective on shares of Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada raised their target price on shares of Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a report on Thursday, October 17th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $126.07.

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.