McGuire Investment Group LLC increased its holdings in Morgan Stanley (NYSE:MS) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,034 shares of the financial services provider’s stock after buying an additional 596 shares during the period. Morgan Stanley accounts for 1.5% of McGuire Investment Group LLC’s holdings, making the stock its 26th largest position. McGuire Investment Group LLC’s holdings in Morgan Stanley were worth $5,896,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. OPSEU Pension Plan Trust Fund boosted its holdings in shares of Morgan Stanley by 1.0% during the 3rd quarter. OPSEU Pension Plan Trust Fund now owns 20,399 shares of the financial services provider’s stock valued at $976,000 after acquiring an additional 208 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Morgan Stanley by 3.3% in the second quarter. Sequoia Financial Advisors LLC now owns 6,668 shares of the financial services provider’s stock valued at $322,000 after buying an additional 213 shares during the period. Ninety One SA PTY Ltd raised its holdings in Morgan Stanley by 0.7% in the 2nd quarter. Ninety One SA PTY Ltd now owns 31,717 shares of the financial services provider’s stock valued at $1,518,000 after buying an additional 218 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in Morgan Stanley by 1.3% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 16,776 shares of the financial services provider’s stock worth $811,000 after buying an additional 219 shares during the period. Finally, Insight 2811 Inc. grew its holdings in Morgan Stanley by 4.0% during the 3rd quarter. Insight 2811 Inc. now owns 6,141 shares of the financial services provider’s stock worth $297,000 after acquiring an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 74.28% of the company’s stock.
Morgan Stanley stock traded down $0.24 during midday trading on Wednesday, hitting $75.56. 9,613,087 shares of the stock were exchanged, compared to its average volume of 12,552,661. Morgan Stanley has a 52-week low of $27.20 and a 52-week high of $77.17. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.50. The business’s 50-day moving average price is $66.83 and its 200-day moving average price is $54.87. The stock has a market capitalization of $136.70 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 1.70 and a beta of 1.59.
In other news, major shareholder Ufj Financial Group Mitsubishi sold 1,020,122 shares of the stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $0.97, for a total transaction of $989,518.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hutham S. Olayan purchased 25,000 shares of the firm’s stock in a transaction dated Thursday, November 12th. The shares were bought at an average price of $55.40 per share, with a total value of $1,385,000.00. Following the purchase, the director now owns 190,349 shares in the company, valued at $10,545,334.60. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by insiders.
A number of equities research analysts have commented on the company. Smith Barney Citigroup lowered Morgan Stanley from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 10th. They noted that the move was a valuation call. Piper Sandler upped their target price on Morgan Stanley from $54.00 to $76.00 and gave the company a “neutral” rating in a report on Monday. Daiwa Capital Markets initiated coverage on shares of Morgan Stanley in a research report on Wednesday, January 6th. They set a “neutral” rating and a $71.00 target price for the company. Royal Bank of Canada set a $55.00 price target on shares of Morgan Stanley and gave the stock a “buy” rating in a research report on Thursday, October 15th. Finally, Bank of America increased their price objective on shares of Morgan Stanley from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Morgan Stanley has a consensus rating of “Buy” and a consensus price target of $62.05.
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 through Institutional Securities, Wealth Management, and Investment Management segments.
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