Diligent Investors LLC increased its position in Morgan Stanley (NYSE:MS) by 91.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,643 shares of the financial services provider’s stock after buying an additional 13,704 shares during the period. Diligent Investors LLC’s holdings in Morgan Stanley were worth $744,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Handelsbanken Fonder AB acquired a new stake in shares of Morgan Stanley during the second quarter valued at about $205,000. Davis R M Inc. acquired a new stake in shares of Morgan Stanley during the second quarter valued at about $215,000. E&G Advisors LP acquired 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 during 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 during the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.
Shares of Morgan Stanley (NYSE:MS) traded up 0.203% during trading on Tuesday, reaching $32.015. 6,498,490 shares of the company’s stock traded hands. The company has a market cap of $61.21 billion, a price-to-earnings ratio of 14.808 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 company’s 50-day moving average is $31.42 and its 200 day moving average is $27.85.
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, topping analysts’ consensus estimates of $0.59 by $0.16. The firm earned $8.91 billion during the quarter, compared to analyst estimates of $8.30 billion. Morgan Stanley had a net margin of 13.27% and a return on equity of 6.41%. The company’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the business earned $0.79 earnings per share. Equities analysts forecast that Morgan Stanley will post $2.51 EPS for the current year.
Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. set a $32.00 price target on shares of Morgan Stanley and gave the company a “buy” rating in a research note on Thursday, September 22nd. Buckingham Research upgraded shares of Morgan Stanley from a “neutral” rating to a “buy” rating in a research note on Thursday, August 25th. Argus lifted their price target on shares of Morgan Stanley from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Vetr lowered shares of Morgan Stanley from a “sell” rating to a “strong sell” rating and set a $26.38 price target on the stock. in a research note on Monday, August 15th. Finally, TheStreet upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating in a research note on Monday, July 25th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. The stock 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 firm’s stock in a transaction that occurred on Tuesday, September 27th. The shares were 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 can be accessed through the SEC website. Also, CFO Paul C. Wirth sold 18,929 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $31.70, for a total transaction of $600,049.30. Following the completion of the transaction, the chief financial officer now owns 195,748 shares of the company’s stock, valued at $6,205,211.60. 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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