SeaCrest Wealth Management LLC Has $1.67 Million Holdings in Morgan Stanley (NYSE:MS)

SeaCrest Wealth Management LLC raised its holdings in Morgan Stanley (NYSE:MS) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,039 shares of the financial services provider’s stock after acquiring an additional 770 shares during the period. SeaCrest Wealth Management LLC’s holdings in Morgan Stanley were worth $1,672,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MS. Opal Wealth Advisors LLC acquired a new position in shares of Morgan Stanley during the second quarter worth $25,000. POM Investment Strategies LLC increased its holdings in Morgan Stanley by 1,147.6% in the 2nd quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 241 shares in the last quarter. Bank & Trust Co bought a new position in Morgan Stanley in the second quarter valued at about $26,000. Bbjs Financial Advisors LLC bought a new position in Morgan Stanley in the second quarter valued at about $29,000. Finally, Lynx Investment Advisory acquired a new stake in shares of Morgan Stanley during the second quarter valued at about $30,000. Institutional investors and hedge funds own 84.19% of the company’s stock.

Insider Activity

In related news, CFO Raja Akram sold 7,500 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $106.37, for a total value of $797,775.00. Following the completion of the sale, the chief financial officer now directly owns 87,119 shares of the company’s stock, valued at approximately $9,266,848.03. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Morgan Stanley news, CFO Raja Akram sold 7,500 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $106.37, for a total value of $797,775.00. Following the completion of the sale, the chief financial officer now directly owns 87,119 shares of the company’s stock, valued at approximately $9,266,848.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mandell Crawley sold 3,500 shares of Morgan Stanley stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $105.25, for a total transaction of $368,375.00. Following the transaction, the insider now directly owns 43,224 shares in the company, valued at approximately $4,549,326. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. JMP Securities reaffirmed a “market perform” rating on shares of Morgan Stanley in a research note on Thursday, July 18th. Wells Fargo & Company lowered shares of Morgan Stanley from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $99.00 to $95.00 in a report on Friday, August 2nd. BMO Capital Markets boosted their price objective on shares of Morgan Stanley from $116.00 to $118.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. The Goldman Sachs Group raised their target price on Morgan Stanley from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Finally, UBS Group increased their price target on Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $103.06.

Morgan Stanley Stock Up 6.5 %

MS stock traded up $7.24 during trading on Wednesday, reaching $119.46. 3,831,445 shares of the stock were exchanged, compared to its average volume of 7,021,621. The firm’s 50 day moving average is $101.81 and its 200 day moving average is $98.81. The firm has a market cap of $194.14 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.96. Morgan Stanley has a twelve month low of $69.42 and a twelve month high of $119.65.

Morgan Stanley (NYSE:MS) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.17. The company had revenue of $15.02 billion for the quarter, compared to analysts’ expectations of $14.32 billion. Morgan Stanley had a return on equity of 11.85% and a net margin of 10.17%. Morgan Stanley’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the business earned $1.24 EPS. As a group, research analysts forecast that Morgan Stanley will post 6.95 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.