Cito Capital Group LLC Has $7.88 Million Stock Holdings in Morgan Stanley (NYSE:MS)

Cito Capital Group LLC lowered its position in Morgan Stanley (NYSE:MS) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,948 shares of the financial services provider’s stock after selling 5,080 shares during the period. Morgan Stanley comprises 3.7% of Cito Capital Group LLC’s holdings, making the stock its 2nd largest position. Cito Capital Group LLC’s holdings in Morgan Stanley were worth $7,877,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MS. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Morgan Stanley by 13.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 261,304 shares of the financial services provider’s stock worth $23,959,000 after purchasing an additional 30,432 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Morgan Stanley by 4.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 114,160 shares of the financial services provider’s stock worth $10,467,000 after purchasing an additional 4,537 shares in the last quarter. National Asset Management Inc. increased its holdings in Morgan Stanley by 101.1% during the 2nd quarter. National Asset Management Inc. now owns 24,920 shares of the financial services provider’s stock worth $2,258,000 after purchasing an additional 12,526 shares in the last quarter. Brighton Jones LLC increased its holdings in Morgan Stanley by 6.4% during the 2nd quarter. Brighton Jones LLC now owns 9,616 shares of the financial services provider’s stock worth $882,000 after purchasing an additional 582 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its holdings in Morgan Stanley by 6.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 30,432 shares of the financial services provider’s stock worth $2,790,000 after purchasing an additional 1,858 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

In related news, Director Alistair Darling sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 9th. The shares were sold at an average price of $99.46, for a total value of $99,460.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by insiders.

Morgan Stanley stock traded down $3.39 during mid-day trading on Friday, reaching $99.16. The company had a trading volume of 552,861 shares, compared to its average volume of 7,666,797. The company has a market cap of $177.93 billion, a P/E ratio of 13.10, a P/E/G ratio of 1.75 and a beta of 1.53. The business has a fifty day simple moving average of $99.71 and a 200 day simple moving average of $99.36. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.31. Morgan Stanley has a fifty-two week low of $66.85 and a fifty-two week high of $106.47.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Thursday, October 14th. The financial services provider reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.30. The company had revenue of $14.75 billion for the quarter, compared to analyst estimates of $13.95 billion. Morgan Stanley had a net margin of 24.42% and a return on equity of 15.41%. Morgan Stanley’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.59 earnings per share. Research analysts forecast that Morgan Stanley will post 7.95 EPS for the current year.

A number of equities analysts have recently commented on MS shares. JMP Securities restated a “hold” rating on shares of Morgan Stanley in a research note on Tuesday, October 26th. Barclays increased their price objective on shares of Morgan Stanley from $110.00 to $123.00 and gave the stock an “overweight” rating in a research note on Monday, January 3rd. Royal Bank of Canada downgraded shares of Morgan Stanley from an “outperform” rating to a “sector perform” rating and set a $97.00 target price for the company. in a research note on Friday, October 15th. Citigroup upgraded shares of Morgan Stanley from a “neutral” rating to a “buy” rating and raised their target price for the company from $105.00 to $115.00 in a research note on Friday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Morgan Stanley in a research note on Friday, December 17th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $104.21.

About Morgan Stanley

Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following segments: Institutional Securities, Wealth Management, and Investment Management.

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

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