Renaissance Investment Group Lowers stake in Morgan Stanley (MS)

Morgan Stanley (MS) : Renaissance Investment Group reduced its stake in Morgan Stanley by 30.33% during the most recent quarter end. The investment management company now holds a total of 102,428 shares of Morgan Stanley which is valued at $2.6 Million after selling 44,585 shares in Morgan Stanley according to a report filed by the company on Apr 1, 2016 with the SEC.Morgan Stanley makes up approximately 1.31% of Renaissance Investment Group’s portfolio.

Other Hedge Funds, Including ,

On the company’s financial health, Morgan Stanley reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jan 19, 2016. Analyst had a consensus of $0.34. The company had revenue of $7738.00 million for the quarter, compared to analysts expectations of $7473.32 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on Morgan Stanley. Shares were Reiterated by Barclays on Apr 6, 2016 to “Equal Weight” and Lowered the Price Target to $ 32 from a previous price target of $35 .Morgan Stanley was Upgraded by Portales Partners to ” Sector Perform” on Feb 16, 2016. JP Morgan Upgraded Morgan Stanley on Feb 16, 2016 to ” Overweight”, Price Target of the shares are set at $29.

Morgan Stanley opened for trading at $23.9 and hit $24.44 on the upside on Monday, eventually ending the session at $24.11, with a gain of 1.52% or 0.36 points. The heightened volatility saw the trading volume jump to 1,21,07,610 shares. Company has a market cap of $47,221 M.

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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