Tokio Marine Asset Management Co. Ltd. lowered its stake in Morgan Stanley (NYSE:MS) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,038 shares of the financial services provider’s stock after selling 1,210 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Morgan Stanley were worth $1,170,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Handelsbanken Fonder AB purchased a new stake in shares of Morgan Stanley during the second quarter valued at about $205,000. Davis R M Inc. purchased a new stake in shares of Morgan Stanley during the second quarter valued at about $215,000. E&G Advisors LP purchased a new stake in shares of Morgan Stanley during the second quarter valued at about $234,000. Pitcairn Co. raised its stake in shares of Morgan Stanley by 7.0% in the second quarter. Pitcairn Co. now owns 9,067 shares of the financial services provider’s stock valued at $235,000 after buying an additional 592 shares in the last quarter. Finally, BlueMountain Capital Management LLC raised its stake in shares of Morgan Stanley by 248.8% in the first quarter. BlueMountain Capital Management LLC now owns 9,591 shares of the financial services provider’s stock valued at $240,000 after buying an additional 6,841 shares in the last quarter. 83.64% of the stock is owned by institutional investors.
Morgan Stanley (NYSE:MS) traded up 0.28% during midday trading on Tuesday, hitting $32.04. The company had a trading volume of 9,525,387 shares. The stock has a market capitalization of $61.25 billion, a PE ratio of 14.82 and a beta of 2.09. Morgan Stanley has a 52 week low of $21.16 and a 52 week high of $35.74. The stock has a 50 day moving average price of $31.49 and a 200-day moving average price of $27.89.
Morgan Stanley (NYSE:MS) last issued its earnings results on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.16. The business earned $8.91 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 EPS. On average, equities analysts predict that Morgan Stanley will post $2.51 EPS for the current year.
Several analysts have issued reports on the company. Barclays PLC reaffirmed a “hold” rating on shares of Morgan Stanley in a research note on Saturday, July 9th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Morgan Stanley in a research note on Sunday, June 26th. Vetr raised Morgan Stanley from a “sell” rating to a “hold” rating and set a $26.38 target price for the company in a research note on Wednesday, July 13th. RBC Capital Markets set a $32.00 target price on Morgan Stanley and gave the stock a “buy” rating in a research note on Thursday, July 21st. Finally, Berenberg Bank assumed coverage on Morgan Stanley in a research note on Wednesday, July 13th. They issued a “hold” rating and a $29.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $31.97.
In other news, major shareholder Stanley Morgan sold 357 shares of the business’s stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of $23,750.00, for a total value of $8,478,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey S. Brodsky sold 19,955 shares of the business’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 completion of the transaction, the insider now directly owns 123,710 shares of the company’s stock, valued at $3,561,610.90. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.
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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