Brave Asset Management Inc. Invests $214,000 in Morgan Stanley (NYSE:MS)

Brave Asset Management Inc. purchased a new stake in Morgan Stanley (NYSE:MS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,700 shares of the financial services provider’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MS. Armstrong Advisory Group Inc. boosted its position in shares of Morgan Stanley by 49.5% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,709 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 566 shares in the last quarter. Rockingstone Advisors LLC purchased a new stake in Morgan Stanley during the fourth quarter worth about $216,000. Park Avenue Securities LLC grew its position in Morgan Stanley by 22.4% during the fourth quarter. Park Avenue Securities LLC now owns 29,300 shares of the financial services provider’s stock worth $3,684,000 after buying an additional 5,368 shares during the period. Kathmere Capital Management LLC increased its holdings in Morgan Stanley by 19.4% in the fourth quarter. Kathmere Capital Management LLC now owns 2,784 shares of the financial services provider’s stock valued at $350,000 after buying an additional 452 shares in the last quarter. Finally, San Luis Wealth Advisors LLC lifted its position in shares of Morgan Stanley by 6.4% during the 4th quarter. San Luis Wealth Advisors LLC now owns 6,990 shares of the financial services provider’s stock valued at $879,000 after acquiring an additional 419 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MS. Keefe, Bruyette & Woods boosted their target price on Morgan Stanley from $121.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 3rd. UBS Group raised their target price on shares of Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Jefferies Financial Group upped their price target on shares of Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Wells Fargo & Company upgraded Morgan Stanley from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $107.00 to $142.00 in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. increased their target price on Morgan Stanley from $104.00 to $108.00 and gave the company a “neutral” rating in a report on Monday. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $126.07.

Morgan Stanley Stock Performance

NYSE:MS opened at $131.08 on Thursday. Morgan Stanley has a fifty-two week low of $83.09 and a fifty-two week high of $136.24. The firm’s 50 day moving average is $128.74 and its two-hundred day moving average is $113.02. The company has a market cap of $211.17 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.18 and a beta of 1.36. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.31. The firm had revenue of $15.38 billion during the quarter, compared to the consensus estimate of $14.27 billion. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. Analysts expect that Morgan Stanley will post 7.33 EPS for the current year.

Morgan Stanley 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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.