Pines Wealth Management LLC Makes New $397,000 Investment in Morgan Stanley (NYSE:MS)

Pines Wealth Management LLC purchased a new stake in Morgan Stanley (NYSE:MS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,216 shares of the financial services provider’s stock, valued at approximately $397,000.

Several other institutional investors have also modified their holdings of MS. Peoples Bank KS purchased a new position in Morgan Stanley in the fourth quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new stake in Morgan Stanley in the 3rd quarter valued at about $26,000. Rakuten Securities Inc. boosted its stake in shares of Morgan Stanley by 138.1% in the 3rd quarter. Rakuten Securities Inc. now owns 300 shares of the financial services provider’s stock valued at $31,000 after buying an additional 174 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Morgan Stanley during the third quarter worth about $36,000. Finally, Planning Capital Management Corp increased its stake in shares of Morgan Stanley by 115.1% during the third quarter. Planning Capital Management Corp now owns 357 shares of the financial services provider’s stock worth $37,000 after buying an additional 191 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Analysts Set New Price Targets

MS has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price target on shares of Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. HSBC cut shares of Morgan Stanley from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $128.00 to $131.00 in a research report on Tuesday, November 26th. Citigroup increased their target price on Morgan Stanley from $105.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, November 25th. Wells Fargo & Company raised Morgan Stanley from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $107.00 to $142.00 in a report on Friday, November 15th. Finally, JPMorgan Chase & Co. increased their price objective on Morgan Stanley from $104.00 to $108.00 and gave the company a “neutral” rating in a report on Monday. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $126.07.

Morgan Stanley Stock Up 5.2 %

Shares of NYSE:MS opened at $131.08 on Thursday. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.80 and a quick ratio of 0.80. The stock 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. Morgan Stanley has a 1-year low of $83.09 and a 1-year high of $136.24. The firm has a fifty day moving average price of $128.74 and a 200 day moving average price of $113.02.

Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.31. The business had revenue of $15.38 billion during the quarter, compared to the consensus estimate of $14.27 billion. Morgan Stanley had a net margin of 10.64% and a return on equity of 12.58%. Sell-side analysts predict 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.