Morgan Stanley (MS) : Hutchin Hill Capital Lp added new position in Morgan Stanley during the most recent quarter end. The investment management firm now holds 1,375,000 shares of Morgan Stanley which is valued at $40,108,750 , the company said in a statement filed on Aug 15, 2016 with the SEC.Morgan Stanley makes up approximately 2.53% of Hutchin Hill Capital Lp’s portfolio.
Other Hedge Funds, Including , Hbk Investments L P boosted its stake in MS in the latest quarter, The investment management firm added 625,092 additional shares and now holds a total of 707,492 shares of Morgan Stanley which is valued at $20,637,542. Morgan Stanley makes up approx 0.42% of Hbk Investments L P’s portfolio.Proshare Advisors boosted its stake in MS in the latest quarter, The investment management firm added 41,772 additional shares and now holds a total of 411,736 shares of Morgan Stanley which is valued at $12,010,339. Morgan Stanley makes up approx 0.15% of Proshare Advisors’s portfolio.Texas Permanent School Fund reduced its stake in MS by selling 35,694 shares or 6.79% in the most recent quarter. The Hedge Fund company now holds 490,192 shares of MS which is valued at $14,298,901. Morgan Stanley makes up approx 0.18% of Texas Permanent School Fund’s portfolio.Security National Trust Co reduced its stake in MS by selling 90 shares or 7.54% in the most recent quarter. The Hedge Fund company now holds 1,103 shares of MS which is valued at $31,899. Morgan Stanley makes up approx 0.01% of Security National Trust Co’s portfolio.
Morgan Stanley closed down -0.06 points or -0.19% at $31.69 with 10,845,008 shares getting traded on Wednesday. Post opening the session at $31.68, the shares hit an intraday low of $31.58 and an intraday high of $31.94 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.