Morgan Stanley (MS) : K.j. Harrison Partners Inc added new position in Morgan Stanley during the most recent quarter end. The investment management firm now holds 126,437 shares of Morgan Stanley which is valued at $3,669,202 , the company said in a statement filed on Jul 26, 2016 with the SEC.Morgan Stanley makes up approximately 1.92% of K.j. Harrison Partners Inc’s portfolio.
Other Hedge Funds, Including , First Dallas Securities boosted its stake in MS in the latest quarter, The investment management firm added 7,000 additional shares and now holds a total of 19,526 shares of Morgan Stanley which is valued at $566,645. Morgan Stanley makes up approx 0.42% of First Dallas Securities’s portfolio.Shell Asset Management Co boosted its stake in MS in the latest quarter, The investment management firm added 35,767 additional shares and now holds a total of 168,823 shares of Morgan Stanley which is valued at $4,899,243. Morgan Stanley makes up approx 0.11% of Shell Asset Management Co’s portfolio.Renaissance Investment Group reduced its stake in MS by selling 93,008 shares or 90.8% in the most recent quarter. The Hedge Fund company now holds 9,420 shares of MS which is valued at $265,738. Morgan Stanley makes up approx 0.13% of Renaissance Investment Group’s portfolio.Dnb Asset Management As boosted its stake in MS in the latest quarter, The investment management firm added 5,200 additional shares and now holds a total of 129,054 shares of Morgan Stanley which is valued at $3,403,154. Morgan Stanley makes up approx 0.07% of Dnb Asset Management As’s portfolio.
Morgan Stanley closed down -0.13 points or -0.45% at $28.73 with 1,04,98,503 shares getting traded on Friday. Post opening the session at $28.77, the shares hit an intraday low of $28.59 and an intraday high of $29.01 and the price fluctuated in this range throughout the day.Shares ended Friday 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.