Tuttle Tactical Management LLC purchased a new position in Morgan Stanley (NYSE:MS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,992 shares of the financial services provider’s stock, valued at approximately $734,000.

Other hedge funds also recently made changes to their positions in the company. We Are One Seven LLC purchased a new stake in shares of Morgan Stanley during the 4th quarter valued at about $211,000. Salem Investment Counselors Inc. raised its position in shares of Morgan Stanley by 17.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 15,715 shares of the financial services provider’s stock valued at $825,000 after buying an additional 2,290 shares in the last quarter. Northern Oak Wealth Management Inc. raised its position in shares of Morgan Stanley by 3.5% during the 4th quarter. Northern Oak Wealth Management Inc. now owns 167,882 shares of the financial services provider’s stock valued at $8,809,000 after buying an additional 5,709 shares in the last quarter. Compagnie Lombard Odier SCmA raised its position in shares of Morgan Stanley by 2,697.4% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 3,217 shares of the financial services provider’s stock valued at $168,000 after buying an additional 3,102 shares in the last quarter. Finally, Westover Capital Advisors LLC raised its position in shares of Morgan Stanley by 6.7% during the 4th quarter. Westover Capital Advisors LLC now owns 61,984 shares of the financial services provider’s stock valued at $3,252,000 after buying an additional 3,888 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

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In other news, CFO Jonathan Pruzan sold 52,204 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $55.35, for a total value of $2,889,491.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel A. Simkowitz sold 87,050 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $53.55, for a total transaction of $4,661,527.50. The disclosure for this sale can be found here. Insiders sold a total of 239,254 shares of company stock valued at $13,085,019 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Several analysts have recently issued reports on MS shares. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Monday, December 11th. Keefe, Bruyette & Woods upgraded shares of Morgan Stanley from a “market perform” rating to an “outperform” rating and set a $59.00 price target on the stock in a report on Tuesday, December 12th. Wells Fargo set a $55.00 price target on shares of Morgan Stanley and gave the company a “hold” rating in a report on Wednesday, December 20th. Barclays upped their price target on shares of Morgan Stanley from $52.00 to $62.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Credit Suisse Group upgraded shares of Morgan Stanley to a “buy” rating and set a $58.00 price target on the stock in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $54.39.

Morgan Stanley stock opened at $56.11 on Thursday. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $102,977.40, a PE ratio of 18.48, a price-to-earnings-growth ratio of 0.99 and a beta of 1.50. Morgan Stanley has a one year low of $40.06 and a one year high of $59.38.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.07. Morgan Stanley had a net margin of 14.10% and a return on equity of 10.07%. The firm had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the company earned $0.81 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. sell-side analysts anticipate that Morgan Stanley will post 4.53 earnings per share for the current fiscal year.

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About Morgan Stanley

Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.

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

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