Boston Common Asset Management Lowers stake in Morgan Stanley (MS)

Morgan Stanley (MS) : Boston Common Asset Management reduced its stake in Morgan Stanley by 4.44% during the most recent quarter end. The investment management company now holds a total of 258,350 shares of Morgan Stanley which is valued at $7,435,313 after selling 11,990 shares in Morgan Stanley , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Morgan Stanley makes up approximately 1.07% of Boston Common Asset Management’s portfolio.

Other Hedge Funds, Including , Nordea Investment Management Ab reduced its stake in MS by selling 13,920 shares or 17.58% in the most recent quarter. The Hedge Fund company now holds 65,247 shares of MS which is valued at $1,877,809. Morgan Stanley makes up approx 0.01% of Nordea Investment Management Ab’s portfolio.Renaissance Investment Group reduced its stake in MS by selling 93,008 shares or 90.8% in the most recent quarter. The Hedge Fund company now holds 9,420 shares of MS which is valued at $265,738. Morgan Stanley makes up approx 0.13% of Renaissance Investment Group’s portfolio. Davis R M Inc added MS to its portfolio by purchasing 8,275 company shares during the most recent quarter which is valued at $233,438. Morgan Stanley makes up approx 0.01% of Davis R M Inc’s portfolio.Quotient Investors reduced its stake in MS by selling 19,582 shares or 52.67% in the most recent quarter. The Hedge Fund company now holds 17,600 shares of MS which is valued at $478,016. Morgan Stanley makes up approx 0.22% of Quotient Investors’s portfolio.Curian Capital reduced its stake in MS by selling 130,847 shares or 63.77% in the most recent quarter. The Hedge Fund company now holds 74,345 shares of MS which is valued at $1,960,478. Morgan Stanley makes up approx 0.14% of Curian Capital’s portfolio.

Morgan Stanley opened for trading at $29.14 and hit $29.14 on the upside on Wednesday, eventually ending the session at $28.78, with a gain of 2.09% or 0.59 points. The heightened volatility saw the trading volume jump to 2,86,06,072 shares. Company has a market cap of $55,748 M.

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.

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