Foundations Investment Advisors LLC Purchases Shares of 3,149 Morgan Stanley (NYSE:MS)


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Foundations Investment Advisors LLC acquired a new position in shares of Morgan Stanley (NYSE:MS) in the 4th quarter, Holdings Channel.com reports. The firm acquired 3,149 shares of the financial services provider’s stock, valued at approximately $237,000.

Several other large investors have also recently modified their holdings of MS. Professional Financial Advisors LLC bought a new position in shares of Morgan Stanley during the third quarter worth approximately $25,000. Hexagon Capital Partners LLC bought a new stake in Morgan Stanley in the 3rd quarter valued at $39,000. Demars Financial Group LLC acquired a new position in Morgan Stanley in the 2nd quarter valued at $46,000. Simon Quick Advisors LLC increased its position in Morgan Stanley by 164.6% during the 3rd quarter. Simon Quick Advisors LLC now owns 1,077 shares of the financial services provider’s stock worth $52,000 after buying an additional 670 shares during the period. Finally, Glassman Wealth Services increased its position in Morgan Stanley by 29.8% during the 3rd quarter. Glassman Wealth Services now owns 1,080 shares of the financial services provider’s stock worth $52,000 after buying an additional 248 shares during the period. Institutional investors own 74.28% of the company’s stock.

Several equities analysts recently commented on the stock. Bank of America upped their price target on shares of Morgan Stanley from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 16th. DA Davidson raised their target price on shares of Morgan Stanley from $64.00 to $68.00 in a report on Friday, October 16th. BidaskClub upgraded shares of Morgan Stanley from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 23rd. UBS Group increased their price target on Morgan Stanley from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday, December 7th. Finally, ValuEngine cut Morgan Stanley from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $62.05.

In other Morgan Stanley news, Director Hutham S. Olayan acquired 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 12th. The stock was acquired at an average price of $55.40 per share, for a total transaction of $1,385,000.00. Following the acquisition, the director now directly owns 190,349 shares in the company, valued at $10,545,334.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Ufj Financial Group Mitsubishi sold 1,020,122 shares of Morgan Stanley stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $0.97, for a total transaction of $989,518.34. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

MS stock opened at $75.56 on Thursday. The stock has a market cap of $136.70 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 1.70 and a beta of 1.59. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.76 and a quick ratio of 0.76. The company has a 50 day simple moving average of $67.08 and a 200 day simple moving average of $55.01. Morgan Stanley has a 1 year low of $27.20 and a 1 year high of $77.17.

Morgan Stanley (NYSE:MS) last posted its earnings results on Thursday, October 15th. The financial services provider reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.31. Morgan Stanley had a net margin of 19.16% and a return on equity of 12.33%. The firm had revenue of $11.66 billion for the quarter, compared to analysts’ expectations of $10.61 billion. During the same quarter in the previous year, the firm posted $1.27 earnings per share. The company’s revenue was up 16.2% on a year-over-year basis. On average, equities research analysts anticipate that Morgan Stanley will post 5.73 EPS for the current fiscal 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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.

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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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