Allspring Global Investments Holdings LLC Purchases 42,702 Shares of Morgan Stanley (NYSE:MS)

Allspring Global Investments Holdings LLC increased its position in Morgan Stanley (NYSE:MS – Get Rating) by 37.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 155,244 shares of the financial services provider’s stock after acquiring an additional 42,702 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Morgan Stanley were worth $12,265,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MS. Ontario Teachers Pension Plan Board bought a new stake in Morgan Stanley during the first quarter valued at about $451,711,000. Franklin Resources Inc. grew its holdings in Morgan Stanley by 17.8% during the second quarter. Franklin Resources Inc. now owns 10,389,587 shares of the financial services provider’s stock valued at $790,232,000 after purchasing an additional 1,566,606 shares during the period. Credit Suisse AG grew its holdings in Morgan Stanley by 26.4% during the second quarter. Credit Suisse AG now owns 5,543,155 shares of the financial services provider’s stock valued at $421,612,000 after purchasing an additional 1,158,383 shares during the period. National Bank of Canada FI grew its holdings in Morgan Stanley by 480.6% during the third quarter. National Bank of Canada FI now owns 663,852 shares of the financial services provider’s stock valued at $52,428,000 after purchasing an additional 549,509 shares during the period. Finally, UBS Asset Management Americas Inc. grew its holdings in Morgan Stanley by 9.6% during the second quarter. UBS Asset Management Americas Inc. now owns 6,163,637 shares of the financial services provider’s stock valued at $468,806,000 after purchasing an additional 539,483 shares during the period. Institutional investors own 83.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wolfe Research lowered Morgan Stanley from an “outperform” rating to an “underperform” rating and set a $92.00 price objective for the company. in a research note on Wednesday, January 4th. StockNews.com started coverage on Morgan Stanley in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Oppenheimer decreased their price objective on Morgan Stanley from $102.00 to $97.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 28th. UBS Group increased their price target on Morgan Stanley from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. increased their price target on Morgan Stanley from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, December 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Morgan Stanley presently has an average rating of “Hold” and an average target price of $93.61.

Morgan Stanley Stock Up 1.2 %

MS stock opened at $90.53 on Friday. The firm has a market cap of $153.01 billion, a PE ratio of 13.14, a PEG ratio of 1.52 and a beta of 1.34. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.79 and a current ratio of 0.79. Morgan Stanley has a one year low of $72.05 and a one year high of $109.73. The firm’s 50 day moving average price is $88.21 and its 200-day moving average price is $84.72.

Morgan Stanley (NYSE:MS – Get Rating) last announced its earnings results on Friday, October 14th. The financial services provider reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. The company had revenue of $12.99 billion for the quarter, compared to analyst estimates of $13.31 billion. Morgan Stanley had a return on equity of 13.43% and a net margin of 20.43%. The firm’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.04 earnings per share. On average, equities research analysts anticipate that Morgan Stanley will post 6.28 EPS for the current year.

About Morgan Stanley

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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.