Conning Inc. increased its position in shares of Morgan Stanley (NYSE:MS) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,537 shares of the financial services provider’s stock after buying an additional 570 shares during the period. Conning Inc.’s holdings in Morgan Stanley were worth $949,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 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 in the last quarter. Franklin Resources Inc. raised its position in shares of 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. Kiltearn Partners LLP raised its position in shares of Morgan Stanley by 87.3% in the first quarter. Kiltearn Partners LLP now owns 4,917,061 shares of the financial services provider’s stock worth $122,976,000 after buying an additional 2,291,800 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Morgan Stanley by 48.0% in the first quarter. Prudential Financial Inc. now owns 4,371,896 shares of the financial services provider’s stock worth $109,341,000 after buying an additional 1,418,410 shares in the last quarter. Finally, Hexavest Inc. acquired a new position in shares of Morgan Stanley during the second quarter worth $27,902,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.
Shares of Morgan Stanley (NYSE:MS) traded up 1.34% during midday trading on Wednesday, reaching $31.77. The company’s stock had a trading volume of 7,425,143 shares. The stock’s 50-day moving average is $31.21 and its 200 day moving average is $27.70. The stock has a market capitalization of $60.74 billion, a P/E ratio of 14.69 and a beta of 2.18. Morgan Stanley has a 12 month low of $21.16 and a 12 month high of $35.74.
Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, July 20th. The financial services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.59 by $0.16. The business had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.30 billion. Morgan Stanley had a return on equity of 6.41% and a net margin of 13.27%. Morgan Stanley’s revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 EPS. On average, analysts expect that Morgan Stanley will post $2.50 earnings per share for the current fiscal year.
Several research firms have weighed in on MS. Deutsche Bank AG reissued a “hold” rating on shares of Morgan Stanley in a report on Sunday, June 26th. Barclays PLC reissued a “hold” rating on shares of Morgan Stanley in a report on Saturday, July 9th. Berenberg Bank began coverage on Morgan Stanley in a report on Wednesday, July 13th. They issued a “hold” rating and a $29.00 target price on the stock. Vetr raised Morgan Stanley from a “sell” rating to a “hold” rating and set a $26.38 target price on the stock in a report on Wednesday, July 13th. Finally, UBS AG upped their target price on Morgan Stanley from $32.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, July 21st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $31.97.
In other Morgan Stanley news, Director Donald T. Nicolaisen sold 3,302 shares of the company’s 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 transaction, 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 SEC, which can be accessed through this link. Also, insider Jeffrey S. Brodsky sold 19,955 shares of the company’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $28.79, for a total value of $574,504.45. Following the transaction, the insider now directly owns 123,710 shares in the company, valued at approximately $3,561,610.90. The disclosure for this sale can be found here. 0.35% of the stock is 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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