Abner Herrman & Brock LLC lessened its stake in Morgan Stanley (NYSE:MS) by 0.9% during the 4th quarter, HoldingsChannel reports. The firm owned 116,420 shares of the financial services provider’s stock after selling 1,049 shares during the quarter. Abner Herrman & Brock LLC’s holdings in Morgan Stanley were worth $4,616,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Girard Partners LTD. purchased a new stake in Morgan Stanley in the 3rd quarter worth approximately $115,000. Harvest Fund Management Co. Ltd boosted its position in Morgan Stanley by 108.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,815 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 1,467 shares in the last quarter. Honkamp Krueger Financial Services Inc. purchased a new stake in Morgan Stanley in the 3rd quarter worth approximately $157,000. Focused Wealth Management Inc purchased a new stake in Morgan Stanley in the 2nd quarter worth approximately $167,000. Finally, Cerebellum GP LLC purchased a new stake in Morgan Stanley in the 3rd quarter worth approximately $168,000. Institutional investors and hedge funds own 85.06% of the company’s stock.
MS stock traded down $0.02 during midday trading on Friday, reaching $41.64. The stock had a trading volume of 4,767,147 shares, compared to its average volume of 13,354,771. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $71.80 billion, a P/E ratio of 11.57, a PEG ratio of 0.69 and a beta of 1.24. Morgan Stanley has a 52-week low of $36.74 and a 52-week high of $59.38.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.16. The company had revenue of $9.87 billion for the quarter, compared to analyst estimates of $9.55 billion. Morgan Stanley had a return on equity of 12.51% and a net margin of 15.93%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 EPS. On average, equities analysts forecast that Morgan Stanley will post 4.87 earnings per share for the current year.
Several equities research analysts have commented on the company. Zacks Investment Research lowered Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Wells Fargo & Co upgraded Morgan Stanley from a “market perform” rating to an “outperform” rating and increased their target price for the company from $56.00 to $60.00 in a research report on Wednesday, October 24th. HSBC lowered Morgan Stanley from a “buy” rating to a “hold” rating and set a $54.00 target price on the stock. in a research report on Tuesday, October 2nd. Keefe, Bruyette & Woods lowered Morgan Stanley from an “outperform” rating to a “hold” rating and set a $45.00 target price on the stock. in a research report on Tuesday, December 11th. Finally, Citigroup upgraded Morgan Stanley from a “neutral” rating to a “buy” rating and decreased their target price for the company from $50.00 to $48.00 in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Morgan Stanley currently has an average rating of “Hold” and a consensus price target of $56.06.
About Morgan Stanley
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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