Burney Co. Decreases Stock Position in Morgan Stanley (NYSE:MS)

Burney Co. trimmed its position in shares of Morgan Stanley (NYSE:MS) by 8.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,716 shares of the financial services provider’s stock after selling 2,358 shares during the quarter. Burney Co.’s holdings in Morgan Stanley were worth $3,107,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Park Avenue Securities LLC boosted its stake in shares of Morgan Stanley by 22.4% during the 4th quarter. Park Avenue Securities LLC now owns 29,300 shares of the financial services provider’s stock worth $3,684,000 after purchasing an additional 5,368 shares during the period. Kathmere Capital Management LLC raised its position in Morgan Stanley by 19.4% in the 4th quarter. Kathmere Capital Management LLC now owns 2,784 shares of the financial services provider’s stock worth $350,000 after purchasing an additional 452 shares during the period. San Luis Wealth Advisors LLC lifted its stake in Morgan Stanley by 6.4% in the fourth quarter. San Luis Wealth Advisors LLC now owns 6,990 shares of the financial services provider’s stock worth $879,000 after purchasing an additional 419 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of Morgan Stanley by 2.5% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 22,731 shares of the financial services provider’s stock valued at $2,858,000 after buying an additional 545 shares during the period. Finally, Community Trust & Investment Co. grew its stake in shares of Morgan Stanley by 2.2% during the fourth quarter. Community Trust & Investment Co. now owns 33,138 shares of the financial services provider’s stock valued at $4,166,000 after buying an additional 714 shares during the last quarter. Institutional investors own 84.19% of the company’s stock.

Morgan Stanley Trading Up 5.2 %

Shares of NYSE MS opened at $131.08 on Thursday. Morgan Stanley has a 1-year low of $83.09 and a 1-year high of $136.24. The business has a fifty day moving average price of $128.74 and a 200 day moving average price of $113.02. The stock has a market capitalization of $211.17 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 1.18 and a beta of 1.36. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.80 and a quick ratio of 0.80.

Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.57 by $0.31. Morgan Stanley had a net margin of 10.64% and a return on equity of 12.58%. The business had revenue of $15.38 billion during the quarter, compared to analyst estimates of $14.27 billion. Equities research analysts expect that Morgan Stanley will post 7.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on MS. The Goldman Sachs Group raised their price target on Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. HSBC downgraded Morgan Stanley from a “buy” rating to a “hold” rating and lifted their target price for the stock from $128.00 to $131.00 in a research report on Tuesday, November 26th. JPMorgan Chase & Co. upped their price target on shares of Morgan Stanley from $104.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday. Jefferies Financial Group lifted their price objective on shares of Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, UBS Group upped their target price on shares of Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $126.07.

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