Morgan Stanley (MS) : Northwestern Mutual Investment Management Company scooped up 87,995 additional shares in Morgan Stanley during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 145,638 shares of Morgan Stanley which is valued at $5,730,855.Morgan Stanley makes up approximately 0.12% of Northwestern Mutual Investment Management Company’s portfolio.
Other Hedge Funds, Including , Envestnet Asset Management Inc reduced its stake in MS by selling 14,543 shares or 8.21% in the most recent quarter. The Hedge Fund company now holds 162,688 shares of MS which is valued at $6,401,773. Morgan Stanley makes up approx 0.03% of Envestnet Asset Management Inc’s portfolio.Salzhauer Michael reduced its stake in MS by selling 36 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 25,809 shares of MS which is valued at $849,632. Morgan Stanley makes up approx 0.63% of Salzhauer Michael’s portfolio.American Century Companies Inc boosted its stake in MS in the latest quarter, The investment management firm added 387,662 additional shares and now holds a total of 422,402 shares of Morgan Stanley which is valued at $13,905,474. Morgan Stanley makes up approx 0.02% of American Century Companies Inc’s portfolio.Tokio Marine Asset Management Co Ltd reduced its stake in MS by selling 5,844 shares or 12.98% in the most recent quarter. The Hedge Fund company now holds 39,194 shares of MS which is valued at $1,290,266. Morgan Stanley makes up approx 0.15% of Tokio Marine Asset Management Co Ltd’s portfolio.
Morgan Stanley opened for trading at $40 and hit $40.665 on the upside on Monday, eventually ending the session at $40.43, with a gain of 1.15% or 0.46 points. The heightened volatility saw the trading volume jump to 1,64,13,329 shares. Company has a market cap of $75,718 M.
On the company’s financial health, Morgan Stanley reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $0.63. The company had revenue of $8909.00 million for the quarter, compared to analysts expectations of $8160.32 million. The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.
Many Wall Street Analysts have commented on Morgan Stanley. Morgan Stanley was Upgraded by Guggenheim to ” Buy” on Oct 20, 2016. Company shares were Reiterated by Barclays on Oct 20, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .
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.