Summit Securities Group Increases Position in Morgan Stanley (MS); Tjx Companies (TJX) Valuation Declined While Provident Trust Co Trimmed Its Position by $1.41 Million

February 21, 2018 - By Winifred Garcia

Summit Securities Group Llc increased its stake in Morgan Stanley (MS) by 9452.24% based on its latest 2017Q3 regulatory filing with the SEC. Summit Securities Group Llc bought 6,333 shares as the company’s stock declined 9.43% while stock markets rallied. The institutional investor held 6,400 shares of the investment bankers and brokers and service company at the end of 2017Q3, valued at $308,000, up from 67 at the end of the previous reported quarter. Summit Securities Group Llc who had been investing in Morgan Stanley for a number of months, seems to be bullish on the $98.82 billion market cap company. The stock increased 0.38% or $0.21 during the last trading session, reaching $55.27. About 683,678 shares traded. Morgan Stanley (NYSE:MS) has risen 57.08% since February 21, 2017 and is uptrending. It has outperformed by 40.38% the S&P500.

Provident Trust Co decreased its stake in Tjx Companies Inc (TJX) by 1.11% based on its latest 2017Q3 regulatory filing with the SEC. Provident Trust Co sold 19,321 shares as the company’s stock declined 3.78% while stock markets rallied. The institutional investor held 1.73 million shares of the consumer services company at the end of 2017Q3, valued at $127.31M, down from 1.75M at the end of the previous reported quarter. Provident Trust Co who had been investing in Tjx Companies Inc for a number of months, seems to be less bullish one the $48.50 billion market cap company. The stock increased 0.43% or $0.33 during the last trading session, reaching $76.7. About 216,900 shares traded. The TJX Companies, Inc. (NYSE:TJX) has declined 2.02% since February 21, 2017 and is downtrending. It has underperformed by 18.72% the S&P500.

Analysts await The TJX Companies, Inc. (NYSE:TJX) to report earnings on February, 28 before the open. They expect $1.27 EPS, up 23.30% or $0.24 from last year’s $1.03 per share. TJX’s profit will be $803.03M for 15.10 P/E if the $1.27 EPS becomes a reality. After $1.00 actual EPS reported by The TJX Companies, Inc. for the previous quarter, Wall Street now forecasts 27.00% EPS growth.

Since September 1, 2017, it had 0 buys, and 1 insider sale for $1.45 million activity.

Among 28 analysts covering The TJX Companies (NYSE:TJX), 24 have Buy rating, 0 Sell and 4 Hold. Therefore 86% are positive. The TJX Companies had 69 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Buy” rating by Northcoast given on Thursday, September 7. The firm has “Market Perform” rating given on Wednesday, January 3 by Wells Fargo. The stock has “Buy” rating by BMO Capital Markets on Tuesday, August 15. The stock has “Outperform” rating by Cowen & Co on Thursday, February 25. The rating was maintained by Jefferies with “Hold” on Tuesday, August 15. The rating was maintained by Guggenheim with “Buy” on Thursday, December 14. As per Thursday, June 8, the company rating was maintained by BMO Capital Markets. The firm has “Market Perform” rating by Telsey Advisory Group given on Wednesday, August 19. BMO Capital Markets maintained The TJX Companies, Inc. (NYSE:TJX) on Tuesday, September 26 with “Buy” rating. Wolfe Research maintained the shares of TJX in report on Thursday, February 25 with “Outperform” rating.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.02, from 1.02 in 2017Q2. It dropped, as 59 investors sold TJX shares while 374 reduced holdings. 104 funds opened positions while 328 raised stakes. 550.02 million shares or 0.12% less from 550.70 million shares in 2017Q2 were reported. Cls Invs Limited Liability Company owns 0% invested in The TJX Companies, Inc. (NYSE:TJX) for 114 shares. 58,814 are owned by Tokio Marine Asset Management Ltd. Wealthtrust Fairport Limited Liability Company stated it has 0.38% of its portfolio in The TJX Companies, Inc. (NYSE:TJX). Hancock Hldgs Communications holds 0.01% or 2,712 shares in its portfolio. Donaldson Cap Management Ltd owns 44,770 shares. Disciplined Growth Invsts Mn holds 2.46M shares or 3.8% of its portfolio. Fifth Third Bancorporation owns 0.29% invested in The TJX Companies, Inc. (NYSE:TJX) for 552,427 shares. Citadel Advsrs Ltd Liability Corporation holds 0.05% or 927,069 shares in its portfolio. Commonwealth Of Pennsylvania School Empls Retrmt Sys invested in 0.06% or 51,746 shares. Allsquare Wealth Management Ltd Liability Corporation holds 100 shares or 0.01% of its portfolio. Indiana-based Wallington Asset Management Ltd Llc has invested 2.39% in The TJX Companies, Inc. (NYSE:TJX). Connecticut-based Scholtz & Limited Company has invested 1.51% in The TJX Companies, Inc. (NYSE:TJX). Mercer Cap Advisers invested 0.03% in The TJX Companies, Inc. (NYSE:TJX). Wilbanks Smith & Thomas Asset Mngmt Ltd Llc invested in 2,975 shares or 0.02% of the stock. Eulav Asset Management, New York-based fund reported 463,000 shares.

Summit Securities Group Llc, which manages about $586.75 million US Long portfolio, decreased its stake in Citigroup Inc (Put) (NYSE:C) by 13,360 shares to 40 shares, valued at $291,000 in 2017Q3, according to the filing. It also reduced its holding in American Tower Corp New (Put) (NYSE:AMT) by 1,573 shares in the quarter, leaving it with 27 shares, and cut its stake in Automatic Data Processing In (Call) (NASDAQ:ADP).

Investors sentiment increased to 0.94 in 2017 Q3. Its up 0.06, from 0.88 in 2017Q2. It improved, as 59 investors sold MS shares while 292 reduced holdings. 76 funds opened positions while 255 raised stakes. 1.53 billion shares or 1.48% less from 1.55 billion shares in 2017Q2 were reported. Gargoyle Invest Advisor Limited Liability Corp holds 0.55% of its portfolio in Morgan Stanley (NYSE:MS) for 31,000 shares. Caisse De Depot Et Placement Du Quebec invested 0.16% in Morgan Stanley (NYSE:MS). Horrell Cap Mgmt Inc has invested 0.02% in Morgan Stanley (NYSE:MS). Profund Lc stated it has 33,479 shares or 0.07% of all its holdings. Community Bankshares Na owns 2,905 shares or 0.02% of their US portfolio. Sequoia Fin Advsr Lc accumulated 105,028 shares. Dana Invest holds 1.55% of its portfolio in Morgan Stanley (NYSE:MS) for 698,768 shares. Vigilant Capital Ltd Liability stated it has 0% of its portfolio in Morgan Stanley (NYSE:MS). Public Employees Retirement Association Of Colorado holds 0.09% of its portfolio in Morgan Stanley (NYSE:MS) for 250,410 shares. Ledyard Natl Bank holds 0.04% of its portfolio in Morgan Stanley (NYSE:MS) for 5,551 shares. Art Advsr Ltd Llc stated it has 0.21% in Morgan Stanley (NYSE:MS). Moneta Grp Invest Advsr Limited Liability Corp, Missouri-based fund reported 8,012 shares. Oppenheimer Asset Mngmt holds 85,156 shares. Assetmark Incorporated holds 0.01% or 12,346 shares in its portfolio. Temasek Holding (Private) Ltd holds 0.03% or 108,260 shares.

Among 29 analysts covering Morgan Stanley (NYSE:MS), 19 have Buy rating, 0 Sell and 10 Hold. Therefore 66% are positive. Morgan Stanley had 97 analyst reports since July 21, 2015 according to SRatingsIntel. maintained Morgan Stanley (NYSE:MS) rating on Monday, October 10. has “Neutral” rating and $32 target. Keefe Bruyette & Woods maintained the shares of MS in report on Tuesday, October 17 with “Hold” rating. As per Friday, October 6, the company rating was maintained by BMO Capital Markets. The firm has “Equal Weight” rating given on Thursday, October 20 by Barclays Capital. The rating was initiated by Berenberg on Wednesday, July 13 with “Hold”. The firm has “Buy” rating given on Thursday, July 20 by Bank of America. The company was maintained on Friday, September 4 by Argus Research. On Friday, September 15 the stock rating was upgraded by HSBC to “Buy”. The firm has “Neutral” rating given on Wednesday, December 21 by Atlantic Securities. The firm has “Neutral” rating by Credit Suisse given on Tuesday, September 15.

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