Denali Advisors LLC Buys 83,200 Shares of Morgan Stanley (NYSE:MS)

Denali Advisors LLC raised its stake in Morgan Stanley (NYSE:MS) by 516.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 99,300 shares of the financial services provider’s stock after buying an additional 83,200 shares during the period. Denali Advisors LLC’s holdings in Morgan Stanley were worth $4,237,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Allworth Financial LP lifted its stake 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 purchasing an additional 305 shares during the period. Cerebellum GP LLC raised its stake in Morgan Stanley by 25.1% during the 3rd quarter. Cerebellum GP LLC now owns 9,932 shares of the financial services provider’s stock worth $424,000 after buying an additional 1,990 shares during the period. Burke & Herbert Bank & Trust Co. acquired a new position in Morgan Stanley during the 3rd quarter worth approximately $368,000. Delphi Management Inc. MA raised its stake in Morgan Stanley by 4.1% during the 3rd quarter. Delphi Management Inc. MA now owns 30,230 shares of the financial services provider’s stock worth $1,290,000 after buying an additional 1,178 shares during the period. Finally, Hennessy Advisors Inc. raised its stake in Morgan Stanley by 0.5% during the 3rd quarter. Hennessy Advisors Inc. now owns 128,500 shares of the financial services provider’s stock worth $5,483,000 after buying an additional 700 shares during the period. Hedge funds and other institutional investors own 83.58% of the company’s stock.

A number of research analysts recently weighed in on MS shares. ValuEngine raised Morgan Stanley from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BMO Capital Markets set a $69.00 price target on Morgan Stanley and gave the stock a “buy” rating in a research note on Friday, July 19th. Oppenheimer set a $65.00 price objective on Morgan Stanley and gave the stock a “buy” rating in a research note on Friday, July 19th. Citigroup raised Morgan Stanley from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $48.00 to $52.00 in a research note on Friday, July 12th. Finally, TheStreet raised Morgan Stanley from a “c+” rating to a “b-” rating in a research note on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $56.45.

Shares of Morgan Stanley stock traded up $0.62 on Wednesday, hitting $40.44. The company had a trading volume of 8,635,294 shares, compared to its average volume of 10,753,089. The stock has a market capitalization of $67.40 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 1.05 and a beta of 1.35. Morgan Stanley has a 1 year low of $36.74 and a 1 year high of $48.67. The stock has a 50 day moving average of $42.03 and a 200-day moving average of $43.47. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.77 and a current ratio of 0.77.

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

In other news, major shareholder Ufj Financial Group Mitsubishi sold 49,000 shares of the stock in a transaction that occurred on Sunday, September 15th. The stock was sold at an average price of $1.01, for a total value of $49,490.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders bought 420,000 shares of company stock valued at $426,300. Company insiders own 0.23% of the company’s stock.

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.

Further Reading: What are some reasons analysts would give stocks a buy rating?

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

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