Stevens Capital Management Lp buys $19.3 Million stake in Morgan Stanley (MS)

Morgan Stanley (MS) : Stevens Capital Management Lp scooped up 731,849 additional shares in Morgan Stanley during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 745,145 shares of Morgan Stanley which is valued at $19.3 Million.Morgan Stanley makes up approximately 0.78% of Stevens Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Capital Growth Management Lp boosted its stake in MS in the latest quarter, The investment management firm added 540,000 additional shares and now holds a total of 4,040,000 shares of Morgan Stanley which is valued at $104.6 Million. Morgan Stanley makes up approx 4.62% of Capital Growth Management Lp’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in MS in the latest quarter, The investment management firm added 3,411 additional shares and now holds a total of 113,514 shares of Morgan Stanley which is valued at $2.9 Million. Morgan Stanley makes up approx 0.09% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Alpine Woods Capital Investors boosted its stake in MS in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 9,000 shares of Morgan Stanley which is valued at $233,010. Morgan Stanley makes up approx 0.01% of Alpine Woods Capital Investors’s portfolio.Birinyi Associates Inc reduced its stake in MS by selling 4,000 shares or 17.02% in the most recent quarter. The Hedge Fund company now holds 19,500 shares of MS which is valued at $511,875. Morgan Stanley makes up approx 0.23% of Birinyi Associates Inc’s portfolio.Capital Fund Management S.a. reduced its stake in MS by selling 515,087 shares or 35.54% in the most recent quarter. The Hedge Fund company now holds 934,317 shares of MS which is valued at $24.5 Million. Morgan Stanley makes up approx 0.43% of Capital Fund Management S.a.’s portfolio.

Morgan Stanley opened for trading at $27.61 and hit $28.29 on the upside on Wednesday, eventually ending the session at $27.78, with a gain of 1.35% or 0.37 points. The heightened volatility saw the trading volume jump to 1,58,58,145 shares. Company has a market cap of $53,811 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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