Pacific Heights Asset Management Lowers stake in Morgan Stanley (MS)

Morgan Stanley (MS) : Pacific Heights Asset Management reduced its stake in Morgan Stanley by 0.94% during the most recent quarter end. The investment management company now holds a total of 525,000 shares of Morgan Stanley which is valued at $13.6 Million after selling 5,000 shares in Morgan Stanley , the firm said in a disclosure report filed with the SEC on May 11, 2016.Morgan Stanley makes up approximately 1.30% of Pacific Heights Asset Management’s portfolio.

Other Hedge Funds, Including , Sol Capital Management Co sold out all of its stake in MS during the most recent quarter. The investment firm sold 7,140 shares of MS which is valued $187,425.Evercore Wealth Management reduced its stake in MS by selling 1,243 shares or 12.15% in the most recent quarter. The Hedge Fund company now holds 8,985 shares of MS which is valued at $235,856. Morgan Stanley makes up approx 0.01% of Evercore Wealth Management’s portfolio.Dupont Capital Management Corp boosted its stake in MS in the latest quarter, The investment management firm added 54,567 additional shares and now holds a total of 117,264 shares of Morgan Stanley which is valued at $3.2 Million. Morgan Stanley makes up approx 0.07% of Dupont Capital Management Corp’s portfolio.Achievement Holdings boosted its stake in MS in the latest quarter, The investment management firm added 111,700 additional shares and now holds a total of 221,100 shares of Morgan Stanley which is valued at $6 Million. Morgan Stanley makes up approx 0.78% of Achievement Holdings’s portfolio.

Morgan Stanley opened for trading at $25.86 and hit $26.42 on the upside on Monday, eventually ending the session at $26.21, with a gain of 1.24% or 0.32 points. The heightened volatility saw the trading volume jump to 98,83,850 shares. Company has a market cap of $50,769 M.

On the company’s financial health, Morgan Stanley reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $0.47. The company had revenue of $7792.00 million for the quarter, compared to analysts expectations of $7632.91 million. The company’s revenue was down -21.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.85 EPS.

Many Wall Street Analysts have commented on Morgan Stanley. Shares were Reiterated by UBS on Apr 19, 2016 to “Buy” and Lowered the Price Target to $ 32 from a previous price target of $34 .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.

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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