Gibraltar Capital Management Lowers stake in Morgan Stanley (MS)

Morgan Stanley (MS) : Gibraltar Capital Management reduced its stake in Morgan Stanley by 1.0% during the most recent quarter end. The investment management company now holds a total of 152,197 shares of Morgan Stanley which is valued at $4,955,534 after selling 1,542 shares in Morgan Stanley , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Morgan Stanley makes up approximately 5.68% of Gibraltar Capital Management’s portfolio.

Other Hedge Funds, Including , Raymond James Trust N.a. reduced its stake in MS by selling 457 shares or 3.29% in the most recent quarter. The Hedge Fund company now holds 13,445 shares of MS which is valued at $437,769. Morgan Stanley makes up approx 0.04% of Raymond James Trust N.a.’s portfolio.Central Bank Trust Co reduced its stake in MS by selling 356 shares or 35.81% in the most recent quarter. The Hedge Fund company now holds 638 shares of MS which is valued at $20,614. Morgan Stanley makes up approx 0.01% of Central Bank Trust Co’s portfolio.Burns J W Co Incny boosted its stake in MS in the latest quarter, The investment management firm added 49,640 additional shares and now holds a total of 79,772 shares of Morgan Stanley which is valued at $2,597,376. Morgan Stanley makes up approx 0.80% of Burns J W Co Incny’s portfolio. Franklin Street Advisors Inc Nc added MS to its portfolio by purchasing 9,881 company shares during the most recent quarter which is valued at $321,725. Morgan Stanley makes up approx 0.06% of Franklin Street Advisors Inc Nc’s portfolio.

Morgan Stanley closed down -0.38 points or -1.17% at $32.18 with 68,27,702 shares getting traded on Tuesday. Post opening the session at $32.49, the shares hit an intraday low of $31.95 and an intraday high of $32.755 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 .

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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