Systematic Financial Management LP continued to hold its position in Morgan Stanley (NYSE:MS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,500 shares of the financial services provider’s stock at the end of the second quarter. Systematic Financial Management LP’s holdings in Morgan Stanley were worth $350,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of Morgan Stanley by 15.3% in the first quarter. State Street Corp now owns 158,338,614 shares of the financial services provider’s stock worth $3,960,055,000 after buying an additional 20,974,063 shares during the period. Franklin Resources Inc. increased its stake in Morgan Stanley by 37.0% in the first quarter. Franklin Resources Inc. now owns 27,280,507 shares of the financial services provider’s stock worth $682,293,000 after buying an additional 7,374,633 shares in the last quarter. Geode Capital Management LLC increased its stake in Morgan Stanley by 3.9% in the first quarter. Geode Capital Management LLC now owns 13,162,956 shares of the financial services provider’s stock worth $328,582,000 after buying an additional 489,414 shares in the last quarter. Pzena Investment Management LLC increased its stake in Morgan Stanley by 1.9% in the second quarter. Pzena Investment Management LLC now owns 12,892,657 shares of the financial services provider’s stock worth $334,951,000 after buying an additional 243,574 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Morgan Stanley by 3.9% in the first quarter. Legal & General Group Plc now owns 6,209,559 shares of the financial services provider’s stock worth $155,316,000 after buying an additional 234,207 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.
Shares of Morgan Stanley (NYSE:MS) traded up 1.144% during mid-day trading on Tuesday, reaching $31.385. The company had a trading volume of 3,803,962 shares. The firm’s 50-day moving average is $31.07 and its 200 day moving average is $27.63. Morgan Stanley has a 12 month low of $21.16 and a 12 month high of $35.74. The company has a market capitalization of $60.00 billion, a price-to-earnings ratio of 14.517 and a beta of 2.18.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.16. Morgan Stanley had a return on equity of 6.41% and a net margin of 13.27%. The firm had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter last year, the business posted $0.79 EPS. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, equities research analysts predict that Morgan Stanley will post $2.50 earnings per share for the current year.
A number of research firms have recently commented on MS. JPMorgan Chase & Co. set a $32.00 price objective on Morgan Stanley and gave the stock a “buy” rating in a research note on Thursday, September 22nd. Buckingham Research raised Morgan Stanley from a “neutral” rating to a “buy” rating in a research note on Thursday, August 25th. Argus boosted their price objective on Morgan Stanley from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Vetr downgraded Morgan Stanley from a “sell” rating to a “strong sell” rating and set a $26.38 price objective on the stock. in a research note on Monday, August 15th. Finally, TheStreet raised Morgan Stanley from a “hold” rating to a “buy” rating in a research note on Monday, July 25th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company. Morgan Stanley presently has a consensus rating of “Hold” and a consensus target price of $31.97.
In other Morgan Stanley news, Director Donald T. Nicolaisen sold 3,302 shares of Morgan Stanley stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $27.88, for a total value of $92,059.76. Following the sale, the director now owns 91,704 shares of the company’s stock, valued at approximately $2,556,707.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul C. Wirth sold 20,000 shares of Morgan Stanley stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $30.20, for a total value of $604,000.00. Following the completion of the sale, the chief financial officer now directly owns 214,280 shares in the company, valued at approximately $6,471,256. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.
Morgan Stanley Company Profile
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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