Morgan Stanley (NYSE:MS) Shares Purchased by Sterling Capital Management LLC

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Sterling Capital Management LLC increased its holdings in shares of Morgan Stanley (NYSE:MS) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,438,056 shares of the financial services provider’s stock after purchasing an additional 38,755 shares during the quarter. Sterling Capital Management LLC owned 0.09% of Morgan Stanley worth $63,001,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Beacon Investment Advisory Services Inc. grew its position in shares of Morgan Stanley by 17.5% during the second quarter. Beacon Investment Advisory Services Inc. now owns 69,663 shares of the financial services provider’s stock worth $3,052,000 after buying an additional 10,371 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Morgan Stanley by 39.7% during the second quarter. Daiwa Securities Group Inc. now owns 92,919 shares of the financial services provider’s stock worth $4,071,000 after buying an additional 26,400 shares in the last quarter. Advisory Services Network LLC grew its position in shares of Morgan Stanley by 19.1% during the second quarter. Advisory Services Network LLC now owns 6,573 shares of the financial services provider’s stock worth $288,000 after buying an additional 1,053 shares in the last quarter. Tyers Asset Management LLC grew its position in shares of Morgan Stanley by 125.6% during the first quarter. Tyers Asset Management LLC now owns 81,840 shares of the financial services provider’s stock worth $3,454,000 after buying an additional 45,562 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. grew its position in shares of Morgan Stanley by 6.5% during the first quarter. Lowe Brockenbrough & Co. Inc. now owns 122,866 shares of the financial services provider’s stock worth $5,185,000 after buying an additional 7,452 shares in the last quarter. 83.58% of the stock is owned by hedge funds and other institutional investors.

MS stock traded down $0.41 during trading on Monday, hitting $44.75. 6,042,001 shares of the company’s stock were exchanged, compared to its average volume of 10,878,071. The business has a 50-day moving average price of $41.72 and a two-hundred day moving average price of $43.44. The stock has a market capitalization of $73.25 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 1.13 and a beta of 1.33. Morgan Stanley has a 52-week low of $36.74 and a 52-week high of $50.37. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.66.

Morgan Stanley (NYSE:MS) last posted its earnings results on Thursday, July 18th. The financial services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.10. The firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.02 billion. Morgan Stanley had a return on equity of 11.04% and a net margin of 16.06%. The firm’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.30 earnings per share. On average, equities research analysts anticipate that Morgan Stanley will post 4.79 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on the company. Oppenheimer set a $65.00 price objective on Morgan Stanley and gave the stock a “buy” rating in a research report on Friday, July 19th. TheStreet cut Morgan Stanley from a “b” rating to a “c+” rating in a research note on Wednesday, August 14th. Citigroup upgraded Morgan Stanley from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $48.00 to $52.00 in a research note on Friday, July 12th. Finally, BMO Capital Markets set a $69.00 target price on Morgan Stanley and gave the stock a “buy” rating in a research note on Friday, July 19th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $56.45.

Morgan Stanley Company Profile

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.

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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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