TD Private Client Wealth LLC Has $4.16 Million Stock Holdings in Morgan Stanley (NYSE:MS)

TD Private Client Wealth LLC boosted its stake in Morgan Stanley (NYSE:MS - Free Report) by 27.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,629 shares of the financial services provider's stock after acquiring an additional 7,670 shares during the quarter. TD Private Client Wealth LLC's holdings in Morgan Stanley were worth $4,157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MS. Alley Investment Management Company LLC raised its position in shares of Morgan Stanley by 75.0% during the 1st quarter. Alley Investment Management Company LLC now owns 62,469 shares of the financial services provider's stock valued at $7,288,000 after acquiring an additional 26,763 shares in the last quarter. Ethic Inc. increased its holdings in shares of Morgan Stanley by 35.8% during the fourth quarter. Ethic Inc. now owns 162,269 shares of the financial services provider's stock valued at $20,400,000 after purchasing an additional 42,743 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Morgan Stanley by 2.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 499,554 shares of the financial services provider's stock valued at $62,804,000 after purchasing an additional 14,283 shares during the period. Pamalican Asset Management Ltd acquired a new position in shares of Morgan Stanley during the fourth quarter valued at $4,513,000. Finally, Jupiter Asset Management Ltd. bought a new position in Morgan Stanley during the fourth quarter valued at about $5,686,000. Hedge funds and other institutional investors own 84.19% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on MS. JMP Securities reaffirmed a "market perform" rating on shares of Morgan Stanley in a report on Monday, April 14th. The Goldman Sachs Group increased their price objective on Morgan Stanley from $121.00 to $136.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 10th. Evercore ISI reduced their price objective on Morgan Stanley from $150.00 to $138.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Bank of America reduced their price objective on Morgan Stanley from $150.00 to $144.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Erste Group Bank raised Morgan Stanley from a "hold" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $136.69.

Morgan Stanley Trading Down 0.6%

Shares of MS stock traded down $0.84 on Friday, reaching $142.25. 3,646,848 shares of the stock were exchanged, compared to its average volume of 6,675,872. The company has a debt-to-equity ratio of 3.11, a current ratio of 0.78 and a quick ratio of 0.78. Morgan Stanley has a one year low of $90.94 and a one year high of $145.16. The stock has a 50 day moving average price of $132.11 and a 200 day moving average price of $126.71. The stock has a market cap of $228.21 billion, a PE ratio of 16.70, a P/E/G ratio of 1.35 and a beta of 1.30.

Morgan Stanley (NYSE:MS - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $2.60 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.39. Morgan Stanley had a return on equity of 14.98% and a net margin of 12.98%. The business had revenue of $17.74 billion during the quarter, compared to analysts' expectations of $16.81 billion. During the same period in the previous year, the firm earned $2.02 earnings per share. The firm's quarterly revenue was up 17.2% compared to the same quarter last year. Equities research analysts forecast that Morgan Stanley will post 8.56 EPS for the current fiscal year.

Morgan Stanley declared that its Board of Directors has authorized a share buyback program on Tuesday, July 1st that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 8.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling at Morgan Stanley

In other Morgan Stanley news, insider Andrew M. Saperstein sold 40,000 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $120.00, for a total value of $4,800,000.00. Following the completion of the transaction, the insider directly owned 335,765 shares of the company's stock, valued at approximately $40,291,800. The trade was a 10.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric F. Grossman sold 10,068 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $111.65, for a total value of $1,124,092.20. Following the transaction, the insider directly owned 199,274 shares of the company's stock, valued at $22,248,942.10. This represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,868 shares of company stock valued at $6,019,548. Company insiders own 0.19% of the company's stock.

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.