AdvisorNet Financial Inc Boosts Position in Morgan Stanley (NYSE:MS)

AdvisorNet Financial Inc raised its stake in Morgan Stanley (NYSE:MS) by 22.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,776 shares of the financial services provider’s stock after purchasing an additional 875 shares during the period. AdvisorNet Financial Inc’s holdings in Morgan Stanley were worth $600,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MS. Peoples Bank KS purchased a new position in shares of Morgan Stanley during the fourth quarter worth about $25,000. Northwest Investment Counselors LLC purchased a new stake in Morgan Stanley in the third quarter valued at approximately $26,000. Rakuten Securities Inc. boosted its holdings in shares of Morgan Stanley by 138.1% in the third quarter. Rakuten Securities Inc. now owns 300 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 174 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Morgan Stanley during the third quarter worth approximately $36,000. Finally, Planning Capital Management Corp raised its position in Morgan Stanley by 115.1% in the 3rd quarter. Planning Capital Management Corp now owns 357 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Wall Street Analysts Forecast Growth

MS has been the topic of several research reports. Hsbc Global Res downgraded shares of Morgan Stanley from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Barclays raised their target price on shares of Morgan Stanley from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Citigroup increased their price objective on Morgan Stanley from $105.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Royal Bank of Canada boosted their price objective on shares of Morgan Stanley from $108.00 to $122.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of Morgan Stanley from $104.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $126.07.

Morgan Stanley Stock Up 5.2 %

Shares of MS opened at $131.08 on Thursday. Morgan Stanley has a fifty-two week low of $83.09 and a fifty-two week high of $136.24. The company’s fifty day moving average is $128.74 and its two-hundred day moving average is $113.02. The firm has a market cap of $211.17 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.18 and a beta of 1.36. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14.

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

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.