Gargoyle Investment Advisor L.L.C. raised its stake in shares of Morgan Stanley (NYSE:MS) by 60.1% during the second quarter, Holdings Channel reports. The firm owned 82,547 shares of the financial services provider’s stock after buying an additional 31,000 shares during the period. Gargoyle Investment Advisor L.L.C.’s holdings in Morgan Stanley were worth $2,145,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in 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. increased 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 period. Finally, BlueMountain Capital Management LLC increased 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 period. 83.64% of the stock is currently owned by institutional investors.
Shares of Morgan Stanley (NYSE:MS) traded down 0.34% on Monday, reaching $31.95. 10,324,254 shares of the company’s stock traded hands. The company’s 50-day moving average is $31.42 and its 200-day moving average is $27.83. The firm has a market capitalization of $61.08 billion, a P/E ratio of 14.78 and a beta of 2.09. Morgan Stanley has a 52 week low of $21.16 and a 52 week high of $35.74.
Morgan Stanley (NYSE:MS) last released its earnings results on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.16. Morgan Stanley had a net margin of 13.27% and a return on equity of 6.41%. The company had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.30 billion. During the same period in the prior year, the company posted $0.79 EPS. The company’s revenue was down 8.6% compared to the same quarter last year. Equities research analysts anticipate that Morgan Stanley will post $2.51 earnings per share for the current fiscal year.
Several brokerages recently issued reports on MS. Barclays PLC reissued a “hold” rating on shares of Morgan Stanley in a research note on Saturday, July 9th. Deutsche Bank AG reissued a “hold” rating on shares of Morgan Stanley in a research note on Sunday, June 26th. Vetr raised shares of Morgan Stanley from a “sell” rating to a “hold” rating and set a $26.38 price objective on the stock in a research note on Wednesday, July 13th. RBC Capital Markets set a $32.00 price objective on shares of Morgan Stanley and gave the company a “buy” rating in a research note on Thursday, July 21st. Finally, Berenberg Bank began coverage on shares of Morgan Stanley in a research note on Wednesday, July 13th. They set a “hold” rating and a $29.00 price objective on the stock. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. Morgan Stanley presently has a consensus rating of “Hold” and a consensus price target of $31.97.
In other Morgan Stanley news, major shareholder Stanley Morgan sold 357 shares of the company’s stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $23,750.00, for a total transaction of $8,478,750.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Paul C. Wirth sold 18,929 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $31.70, for a total transaction of $600,049.30. Following the transaction, the chief financial officer now owns 195,748 shares in the company, valued at $6,205,211.60. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.
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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