Morgan Stanley (MS) : Parallax Volatility Advisers scooped up 670,673 additional shares in Morgan Stanley during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,422,546 shares of Morgan Stanley which is valued at $70,665,667.Morgan Stanley makes up approximately 3.18% of Parallax Volatility Advisers’s portfolio.
Other Hedge Funds, Including , Clough Capital Partners L P sold out all of its stake in MS during the most recent quarter. The investment firm sold 718,860 shares of MS which is valued $20,969,146.Riverpoint Capital Management boosted its stake in MS in the latest quarter, The investment management firm added 10,052 additional shares and now holds a total of 339,359 shares of Morgan Stanley which is valued at $9,899,102. Morgan Stanley makes up approx 0.85% of Riverpoint Capital Management’s portfolio. Mariner Wealth Advisors added MS to its portfolio by purchasing 12,410 company shares during the most recent quarter which is valued at $362,000. Morgan Stanley makes up approx 0.02% of Mariner Wealth Advisors’s portfolio. Carleon Capital Partners added MS to its portfolio by purchasing 12,500 company shares during the most recent quarter which is valued at $367,250. Morgan Stanley makes up approx 0.18% of Carleon Capital Partners’s portfolio.Meeder Asset Management Inc boosted its stake in MS in the latest quarter, The investment management firm added 29,994 additional shares and now holds a total of 112,823 shares of Morgan Stanley which is valued at $3,262,841. Morgan Stanley makes up approx 0.30% of Meeder Asset Management Inc’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.