Eagle Capital Management Lowers stake in Morgan Stanley (MS)

Morgan Stanley (MS) : Eagle Capital Management reduced its stake in Morgan Stanley by 1.16% during the most recent quarter end. The investment management company now holds a total of 16,040,362 shares of Morgan Stanley which is valued at $467,897,360 after selling 188,163 shares in Morgan Stanley , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Morgan Stanley makes up approximately 1.85% of Eagle Capital Management’s portfolio.

Other Hedge Funds, Including , Rpg Family Wealth Advisory sold out all of its stake in MS during the most recent quarter. The investment firm sold 404 shares of MS which is valued $11,785.Peak6 Investments reduced its stake in MS by selling 64,646 shares or 16.57% in the most recent quarter. The Hedge Fund company now holds 325,381 shares of MS which is valued at $9,491,364. Morgan Stanley makes up approx 0.58% of Peak6 Investments’s portfolio.Nippon Life Insurance Co reduced its stake in MS by selling 34,903 shares or 36.15% in the most recent quarter. The Hedge Fund company now holds 61,659 shares of MS which is valued at $1,752,349. Morgan Stanley makes up approx 0.04% of Nippon Life Insurance Co’s portfolio.Oakbrook Investments boosted its stake in MS in the latest quarter, The investment management firm added 24,673 additional shares and now holds a total of 154,650 shares of Morgan Stanley which is valued at $4,472,478. Morgan Stanley makes up approx 0.24% of Oakbrook Investments’s portfolio.

Morgan Stanley closed down -0.15 points or -0.47% at $31.91 with 1,19,86,456 shares getting traded on Thursday. Post opening the session at $32.14, the shares hit an intraday low of $31.44 and an intraday high of $32.37 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Morgan Stanley reported $0.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.59. The company had revenue of $8909.00 million for the quarter, compared to analysts expectations of $8312.73 million. The company’s revenue was down -8.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.79 EPS.

Many Wall Street Analysts have commented on Morgan Stanley. Company shares were Reiterated by RBC Capital Mkts on Jul 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 32 from a previous price target of $27 .Berenberg Initiated Morgan Stanley on Jul 13, 2016 to “Hold”, Price Target of the shares are set at $29.

Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates the Company provides a variety of products and financial services to a group of clients and customers including corporations governments financial institutions and individuals. The Company’s operating segments include Institutional Securities Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides financial advisory and capital-raising services to a group of corporate and other institutional clients. Wealth Management business segment provides financial services to clients through a network of 16076 global representatives in 622 locations. Investment Management business segment consists of Traditional Asset Management Alternative Investments Merchant Banking and Real Estate Investing activities and offers clients an array of equity fixed income alternative investments real estate and merchant banking strategies.

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