Independent Investors Inc. Maintains Stake in Morgan Stanley (MS)

Independent Investors Inc. held its position in Morgan Stanley (NYSE:MS) during the first quarter, Holdings Channel reports. The firm owned 5,550 shares of the financial services provider’s stock at the end of the first quarter. Independent Investors Inc.’s holdings in Morgan Stanley were worth $237,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. FTB Advisors Inc. increased its position in Morgan Stanley by 8.1% in the first quarter. FTB Advisors Inc. now owns 2,605 shares of the financial services provider’s stock valued at $112,000 after buying an additional 196 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Morgan Stanley during the first quarter valued at approximately $120,000. Adirondack Trust Co. increased its position in Morgan Stanley by 2.5% in the first quarter. Adirondack Trust Co. now owns 2,824 shares of the financial services provider’s stock valued at $121,000 after buying an additional 70 shares during the last quarter. First Manhattan Co. increased its position in Morgan Stanley by 17.0% in the first quarter. First Manhattan Co. now owns 4,294 shares of the financial services provider’s stock valued at $137,000 after buying an additional 624 shares during the last quarter. Finally, Sowell Financial Services LLC acquired a new position in Morgan Stanley during the fourth quarter valued at approximately $163,000. 85.26% of the stock is currently owned by institutional investors and hedge funds.

Morgan Stanley (NYSE MS) opened at 46.05 on Monday. The company has a market cap of $85.18 billion, a PE ratio of 13.66 and a beta of 1.63. The firm’s 50-day moving average is $43.48 and its 200-day moving average is $43.64. Morgan Stanley has a 52 week low of $26.03 and a 52 week high of $47.33.

Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, April 19th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.10. Morgan Stanley had a net margin of 16.83% and a return on equity of 9.60%. The firm had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.29 billion. During the same quarter in the prior year, the business posted $0.55 EPS. The business’s revenue was up 25.1% compared to the same quarter last year. On average, analysts expect that Morgan Stanley will post $3.42 EPS for the current fiscal year.

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Several research firms have commented on MS. J P Morgan Chase & Co reissued a “buy” rating and set a $53.00 target price on shares of Morgan Stanley in a research report on Monday, June 26th. Deutsche Bank AG reissued a “buy” rating on shares of Morgan Stanley in a research report on Monday, July 3rd. Zacks Investment Research downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Royal Bank of Canada reissued a “buy” rating and set a $50.00 target price on shares of Morgan Stanley in a research report on Tuesday, June 6th. Finally, Vetr raised shares of Morgan Stanley from a “sell” rating to a “hold” rating and set a $40.50 target price on the stock in a research report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $43.40.

In other Morgan Stanley news, Chairman James P. Gorman sold 212,365 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $42.93, for a total transaction of $9,116,829.45. Following the transaction, the chairman now owns 1,389,378 shares in the company, valued at approximately $59,645,997.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.

About Morgan Stanley

Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.

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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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