ING Groep NV decreased its stake in Morgan Stanley (NYSE:MS) by 86.2% during the second quarter, Holdings Channel reports. The firm owned 87,917 shares of the financial services provider’s stock after selling 550,743 shares during the period. ING Groep NV’s holdings in Morgan Stanley were worth $2,285,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Virginia Retirement System purchased a new position in shares of Morgan Stanley during the first quarter valued at about $589,000. Ngam Advisors L.P. raised its stake in shares of Morgan Stanley by 9.2% in the first quarter. Ngam Advisors L.P. now owns 254,691 shares of the financial services provider’s stock valued at $6,370,000 after buying an additional 21,376 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Morgan Stanley during the first quarter valued at $284,000. Sentry Investment Management LLC raised its stake in shares of Morgan Stanley by 1.2% in the first quarter. Sentry Investment Management LLC now owns 118,030 shares of the financial services provider’s stock valued at $2,952,000 after buying an additional 1,393 shares in the last quarter. Finally, Peapack Gladstone Financial Corp raised its stake in shares of Morgan Stanley by 2.6% in the first quarter. Peapack Gladstone Financial Corp now owns 145,387 shares of the financial services provider’s stock valued at $3,636,000 after buying an additional 3,676 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.
Morgan Stanley (NYSE:MS) traded up 1.62% during midday trading on Wednesday, hitting $32.56. The stock had a trading volume of 11,157,666 shares. 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 of $31.55 and a 200-day moving average of $27.92. The firm has a market cap of $62.25 billion, a P/E ratio of 15.06 and a beta of 2.09.
Morgan Stanley (NYSE:MS) last released its earnings results on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.16. The company earned $8.91 billion during 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%. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.79 earnings per share. Analysts forecast that Morgan Stanley will post $2.51 EPS for the current fiscal year.
Several brokerages have weighed in on MS. Deutsche Bank AG reaffirmed a “hold” rating on shares of Morgan Stanley in a research report on Sunday, June 26th. Barclays PLC reaffirmed a “hold” rating on shares of Morgan Stanley in a research report on Saturday, July 9th. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Wednesday. Macquarie reaffirmed a “buy” rating and issued a $37.00 target price on shares of Morgan Stanley in a research report on Wednesday. Finally, Vetr raised Morgan Stanley from a “sell” rating to a “hold” rating and set a $26.38 target price on the stock in a research report on Wednesday, July 13th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $32.41.
In related news, major shareholder Stanley Morgan sold 357 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link. Also, insider Keishi Hotsuki sold 246,452 shares of the company’s stock in a transaction dated 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 approximately $13,778,631.57. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate 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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