AQR Capital Management LLC grew its holdings in Morgan Stanley (NYSE:MS) by 64.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 708,876 shares of the financial services provider’s stock after purchasing an additional 276,714 shares during the quarter. AQR Capital Management LLC’s holdings in Morgan Stanley were worth $33,012,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Westbourne Investment Advisors Inc. grew its stake in shares of Morgan Stanley by 28.3% in the third quarter. Westbourne Investment Advisors Inc. now owns 35,205 shares of the financial services provider’s stock worth $1,639,000 after acquiring an additional 7,770 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Morgan Stanley during the second quarter worth $2,021,000. Regentatlantic Capital LLC grew its stake in shares of Morgan Stanley by 8.8% during the third quarter. Regentatlantic Capital LLC now owns 154,738 shares of the financial services provider’s stock worth $7,206,000 after purchasing an additional 12,562 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Morgan Stanley by 23.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 56,813 shares of the financial services provider’s stock worth $2,693,000 after purchasing an additional 10,807 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Morgan Stanley by 4.2% during the third quarter. Canada Pension Plan Investment Board now owns 1,633,304 shares of the financial services provider’s stock worth $76,063,000 after purchasing an additional 65,199 shares in the last quarter. 85.06% of the stock is currently owned by institutional investors and hedge funds.
MS has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Monday, November 26th. Vining Sparks reiterated a “buy” rating and set a $60.00 target price on shares of Morgan Stanley in a research note on Tuesday, October 16th. Citigroup upgraded shares of Morgan Stanley from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $50.00 to $48.00 in a research note on Wednesday. Wells Fargo & Co raised shares of Morgan Stanley to a “buy ms” rating in a research report on Thursday, December 20th. Finally, Barclays reduced their price target on shares of Morgan Stanley from $63.00 to $55.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Morgan Stanley currently has an average rating of “Hold” and a consensus target price of $56.06.
NYSE MS traded up $0.08 during trading hours on Friday, hitting $41.74. 8,181,870 shares of the stock were exchanged, compared to its average volume of 10,779,401. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.67. Morgan Stanley has a 12-month low of $36.74 and a 12-month high of $59.38. The stock has a market capitalization of $71.80 billion, a P/E ratio of 11.59, a P/E/G ratio of 0.69 and a beta of 1.24.
Morgan Stanley (NYSE:MS) last issued its earnings results on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.16. Morgan Stanley had a net margin of 15.93% and a return on equity of 12.51%. The company had revenue of $9.87 billion for the quarter, compared to analyst estimates of $9.55 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts expect that Morgan Stanley will post 4.87 earnings per share for the current fiscal 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 Institutional Securities, Wealth Management, and Investment Management segments.
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