1,948 Shares in Morgan Stanley (NYSE:MS) Purchased by Transform Wealth LLC

Transform Wealth LLC acquired a new position in Morgan Stanley (NYSE:MS) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,948 shares of the financial services provider’s stock, valued at approximately $203,000.

Other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in Morgan Stanley in the 2nd quarter valued at $25,000. POM Investment Strategies LLC lifted its stake in Morgan Stanley by 1,147.6% in the 2nd quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 241 shares in the last quarter. Bank & Trust Co acquired a new position in shares of Morgan Stanley during the 2nd quarter worth approximately $26,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Morgan Stanley in the second quarter valued at approximately $29,000. Finally, Lynx Investment Advisory acquired a new stake in shares of Morgan Stanley in the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 84.19% of the company’s stock.

Morgan Stanley Stock Up 6.5 %

Shares of NYSE:MS opened at $119.52 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.96. Morgan Stanley has a fifty-two week low of $69.42 and a fifty-two week high of $121.45. The stock has a market cap of $194.24 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36. The firm’s 50 day moving average price is $102.36 and its 200 day moving average price is $98.96.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.17. The business had revenue of $15.02 billion during the quarter, compared to analysts’ expectations of $14.32 billion. Morgan Stanley had a net margin of 10.17% and a return on equity of 11.85%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 EPS. As a group, equities research analysts predict that Morgan Stanley will post 6.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Mandell Crawley sold 3,500 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $105.25, for a total transaction of $368,375.00. Following the sale, the insider now owns 43,224 shares of the company’s stock, valued at approximately $4,549,326. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MS has been the topic of a number of recent research reports. Evercore ISI boosted their price objective on Morgan Stanley from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. Hsbc Global Res raised shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. BMO Capital Markets raised their price objective on shares of Morgan Stanley from $116.00 to $118.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Oppenheimer lowered shares of Morgan Stanley from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. Finally, JMP Securities restated a “market perform” rating on shares of Morgan Stanley in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Morgan Stanley has an average rating of “Hold” and an average price target of $103.06.

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.