Morgan Stanley (MS) : Roanoke Asset Management Corp Ny reduced its stake in Morgan Stanley by 0.34% during the most recent quarter end. The investment management company now holds a total of 71,253 shares of Morgan Stanley which is valued at $2,025,010 after selling 242 shares in Morgan Stanley , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Morgan Stanley makes up approximately 0.89% of Roanoke Asset Management Corp Ny’s portfolio.
Other Hedge Funds, Including , Quantbot Technologies Lp sold out all of its stake in MS during the most recent quarter. The investment firm sold 59,630 shares of MS which is valued $1,694,685.Carroll Financial Associates reduced its stake in MS by selling 10 shares or 0.9% in the most recent quarter. The Hedge Fund company now holds 1,099 shares of MS which is valued at $31,629. Morgan Stanley makes up approx 0.01% of Carroll Financial Associates’s portfolio.Partnerre Asset Management Corp boosted its stake in MS in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 10,311 shares of Morgan Stanley which is valued at $290,873. Morgan Stanley makes up approx 0.15% of Partnerre Asset Management Corp’s portfolio.Abner Herrman Brock reduced its stake in MS by selling 25,455 shares or 9.99% in the most recent quarter. The Hedge Fund company now holds 229,418 shares of MS which is valued at $6,230,993. Morgan Stanley makes up approx 1.44% of Abner Herrman Brock’s portfolio.
Morgan Stanley opened for trading at $29.02 and hit $29.42 on the upside on Monday, eventually ending the session at $29.12, with a gain of 0.38% or 0.11 points. The heightened volatility saw the trading volume jump to 90,18,550 shares. Company has a market cap of $55,672 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.