Buckley Wealth Management LLC Sells 6,531 Shares of Morgan Stanley (NYSE:MS)

Buckley Wealth Management LLC lowered its position in Morgan Stanley (NYSE:MS) by 32.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,437 shares of the financial services provider’s stock after selling 6,531 shares during the period. Buckley Wealth Management LLC’s holdings in Morgan Stanley were worth $573,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Massey Quick Simon & CO. LLC boosted its holdings in shares of Morgan Stanley by 276.4% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 606 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 445 shares during the last quarter. Stonebridge Capital Advisors LLC bought a new position in shares of Morgan Stanley in the 2nd quarter valued at about $35,000. Clean Yield Group bought a new position in shares of Morgan Stanley in the 2nd quarter valued at about $36,000. Allworth Financial LP lifted its holdings in shares of Morgan Stanley by 34.8% in the 3rd quarter. Allworth Financial LP now owns 1,182 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 305 shares during the last quarter. Finally, Griffin Asset Management Inc. bought a new position in shares of Morgan Stanley in the 2nd quarter valued at about $53,000. 83.58% of the stock is owned by institutional investors.

MS has been the subject of a number of analyst reports. BMO Capital Markets set a $69.00 price target on shares of Morgan Stanley and gave the company a “buy” rating in a report on Friday, July 19th. Pritchard Capital raised shares of Morgan Stanley to a “buy” rating and set a $48.00 price target for the company in a report on Thursday. Citigroup raised shares of Morgan Stanley from a “neutral” rating to a “buy” rating and increased their price target for the company from $48.00 to $52.00 in a report on Friday, July 12th. Oppenheimer set a $65.00 price target on shares of Morgan Stanley and gave the company a “buy” rating in a report on Friday, July 19th. Finally, ValuEngine raised shares of Morgan Stanley from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.15.

In related news, major shareholder Ufj Financial Group Mitsubishi bought 70,000 shares of Morgan Stanley stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average cost of $1.01 per share, with a total value of $70,700.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have bought 420,000 shares of company stock worth $426,300. Corporate insiders own 0.23% of the company’s stock.

Morgan Stanley stock traded up $0.88 during midday trading on Friday, reaching $41.93. The stock had a trading volume of 14,914,139 shares, compared to its average volume of 9,605,902. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.66. Morgan Stanley has a 52-week low of $36.74 and a 52-week high of $48.67. The firm has a market cap of $65.81 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35. The company has a fifty day moving average of $42.05 and a 200 day moving average of $43.47.

Morgan Stanley (NYSE:MS) last issued its earnings results on Thursday, July 18th. The financial services provider reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.10. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.02 billion. Morgan Stanley had a net margin of 16.06% and a return on equity of 11.04%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $1.30 earnings per share. Equities research analysts predict that Morgan Stanley will post 4.74 EPS for the current year.

Morgan Stanley Company 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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