E&G Advisors LP grew its stake in Morgan Stanley (NYSE:MS) by 28.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,500 shares of the financial services provider’s stock after purchasing an additional 3,000 shares during the period. E&G Advisors LP’s holdings in Morgan Stanley were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Invictus RG grew its stake in shares of Morgan Stanley by 307.5% in the 3rd quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,762 shares during the period. Rational Advisors LLC bought a new stake in shares of Morgan Stanley in the 3rd quarter valued at approximately $116,000. Zions Bancorporation grew its stake in shares of Morgan Stanley by 176.1% in the 3rd quarter. Zions Bancorporation now owns 2,463 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 1,571 shares during the period. BB&T Investment Services Inc. grew its stake in shares of Morgan Stanley by 163.1% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,655 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,646 shares during the period. Finally, WFG Advisors LP grew its stake in shares of Morgan Stanley by 45.4% in the 2nd quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 840 shares during the period. Institutional investors own 85.49% of the company’s stock.

Morgan Stanley (NYSE:MS) traded down $0.52 during trading hours on Tuesday, reaching $54.60. The company’s stock had a trading volume of 11,147,228 shares, compared to its average volume of 8,142,100. Morgan Stanley has a 12-month low of $40.06 and a 12-month high of $55.98. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market cap of $98,710.00, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 0.91 and a beta of 1.65.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.12. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The firm had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.05 billion. During the same quarter in the prior year, the business earned $0.80 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. analysts forecast that Morgan Stanley will post 3.58 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on the company. UBS Group upgraded Morgan Stanley to an “overweight” rating in a research note on Wednesday, January 10th. Atlantic Securities upgraded Morgan Stanley from a “neutral” rating to an “overweight” rating and set a $61.00 price target on the stock in a research report on Wednesday, January 10th. Societe Generale lowered Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Vining Sparks restated a “buy” rating and set a $60.00 price target on shares of Morgan Stanley in a research report on Monday, January 8th. Finally, Credit Suisse Group upgraded Morgan Stanley to a “buy” rating and set a $58.00 price target on the stock in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Morgan Stanley has an average rating of “Buy” and a consensus price target of $53.07.

In other Morgan Stanley news, President Thomas Colm Kelleher sold 40,000 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the transaction, the president now owns 692,037 shares of the company’s stock, valued at approximately $35,010,151.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jeffrey S. Brodsky sold 16,397 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $50.07, for a total value of $820,997.79. Following the transaction, the insider now directly owns 111,776 shares in the company, valued at approximately $5,596,624.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 85,247 shares of company stock worth $4,284,364. Company insiders own 0.24% of the company’s stock.

TRADEMARK VIOLATION WARNING: “E&G Advisors LP Has $708,000 Stake in Morgan Stanley (MS)” was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://www.watchlistnews.com/eg-advisors-lp-has-708000-stake-in-morgan-stanley-ms/1809756.html.

Morgan Stanley Profile

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.

Want to see what other hedge funds are holding MS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morgan Stanley (NYSE:MS).

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

Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.