Artemis Investment Management LLP raised its position in shares of Morgan Stanley (NYSE:MS) by 32.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 700,000 shares of the financial services provider’s stock after buying an additional 170,000 shares during the period. Artemis Investment Management LLP’s holdings in Morgan Stanley were worth $18,197,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in MS. Retirement Systems of Alabama increased its stake in Morgan Stanley by 10.0% in the second quarter. Retirement Systems of Alabama now owns 1,750,564 shares of the financial services provider’s stock worth $45,480,000 after buying an additional 158,828 shares during the last quarter. UMB Bank N A MO increased its stake in shares of Morgan Stanley by 591.7% in the second quarter. UMB Bank N A MO now owns 158,535 shares of the financial services provider’s stock worth $4,119,000 after buying an additional 135,615 shares in the last quarter. Boston Advisors LLC increased its stake in shares of Morgan Stanley by 36.8% in the second quarter. Boston Advisors LLC now owns 821,395 shares of the financial services provider’s stock worth $21,340,000 after buying an additional 220,974 shares in the last quarter. Conning Inc. increased its stake in shares of Morgan Stanley by 1.6% in the second quarter. Conning Inc. now owns 36,537 shares of the financial services provider’s stock worth $949,000 after buying an additional 570 shares in the last quarter. Finally, K.J. Harrison & Partners Inc purchased a new stake in shares of Morgan Stanley during the second quarter worth about $3,285,000. Institutional investors own 83.64% of the company’s stock.
Morgan Stanley (NYSE:MS) traded down 2.76% on Monday, reaching $31.03. 10,217,675 shares of the company’s stock were exchanged. Morgan Stanley has a 1-year low of $21.16 and a 1-year high of $35.74. The stock’s 50 day moving average price is $31.02 and its 200 day moving average price is $27.54. The firm has a market capitalization of $59.32 billion, a price-to-earnings ratio of 14.35 and a beta of 2.18.
Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.16. Morgan Stanley had a net margin of 13.27% and a return on equity of 6.41%. The company earned $8.91 billion during the quarter, compared to analyst estimates of $8.30 billion. During the same quarter in the prior year, the business earned $0.79 earnings per share. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. On average, analysts expect that Morgan Stanley will post $2.50 earnings per share for the current year.
A number of analysts have recently issued reports on the stock. Barclays PLC restated a “hold” rating on shares of Morgan Stanley in a report on Saturday, July 9th. Deutsche Bank AG restated a “hold” rating on shares of Morgan Stanley in a report on Saturday, June 4th. Vetr upgraded shares of Morgan Stanley from a “sell” rating to a “hold” rating and set a $26.38 price target for the company in a report on Wednesday, July 13th. RBC Capital Markets set a $32.00 price target on shares of Morgan Stanley and gave the stock a “buy” rating in a report on Thursday, July 21st. Finally, Berenberg Bank assumed coverage on shares of Morgan Stanley in a report on Wednesday, July 13th. They set a “hold” rating and a $29.00 price target for the company. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company. Morgan Stanley has a consensus rating of “Hold” and a consensus target price of $31.97.
In other news, insider Keishi Hotsuki sold 246,452 shares of the stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $30.27, for a total value of $7,460,102.04. Following the completion of the sale, the insider now owns 455,191 shares of the company’s stock, valued at $13,778,631.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donald T. Nicolaisen sold 3,302 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $27.88, for a total transaction of $92,059.76. Following the completion of the sale, the director now directly owns 91,704 shares of the company’s stock, valued at approximately $2,556,707.52. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.
About Morgan Stanley
Morgan Stanley is a financial holding company. The Company is a global financial services firm that, through its subsidiaries and affiliates, advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. Its segments include Institutional Securities, Wealth Management and Investment Management.
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