Westpac Banking Corp reduced its position in shares of Morgan Stanley (NYSE:MS) by 25.0% during the second quarter, Holdings Channel reports. The institutional investor owned 278,513 shares of the financial services provider’s stock after selling 92,780 shares during the period. Westpac Banking Corp’s holdings in Morgan Stanley were worth $7,215,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MS. FineMark National Bank & Trust boosted its stake in Morgan Stanley by 2.0% in the second quarter. FineMark National Bank & Trust now owns 4,332 shares of the financial services provider’s stock valued at $113,000 after buying an additional 84 shares during the period. Assetmark Inc. boosted its stake in Morgan Stanley by 291.1% in the second quarter. Assetmark Inc. now owns 5,323 shares of the financial services provider’s stock valued at $138,000 after buying an additional 3,962 shares during the period. Synovus Financial Corp boosted its stake in Morgan Stanley by 11.3% in the second quarter. Synovus Financial Corp now owns 5,418 shares of the financial services provider’s stock valued at $141,000 after buying an additional 549 shares during the period. Acrospire Investment Management LLC boosted its stake in Morgan Stanley by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 6,200 shares of the financial services provider’s stock valued at $161,000 after buying an additional 3,100 shares during the period. Finally, MCF Advisors LLC boosted its stake in Morgan Stanley by 0.6% in the first quarter. MCF Advisors LLC now owns 7,308 shares of the financial services provider’s stock valued at $183,000 after buying an additional 42 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Morgan Stanley (NYSE:MS) traded up 0.79% on Monday, hitting $31.84. The stock had a trading volume of 635,636 shares. The company has a market capitalization of $60.87 billion, a price-to-earnings ratio of 14.73 and a beta of 2.18. The firm has a 50-day moving average of $30.29 and a 200 day moving average of $27.22. Morgan Stanley has a 52 week low of $21.16 and a 52 week high of $35.74.

Morgan Stanley (NYSE:MS) last released its earnings results on Wednesday, July 20th. The financial services provider reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.16. The company earned $8.91 billion during the quarter, compared to analysts’ expectations of $8.30 billion. Morgan Stanley had a return on equity of 6.41% and a net margin of 13.27%. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS. On average, analysts predict that Morgan Stanley will post $2.50 earnings per share for the current year.

Several analysts have recently weighed in on MS shares. Deutsche Bank AG restated a “hold” rating on shares of Morgan Stanley in a report on Saturday, June 4th. Vetr upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $27.68 price target on the stock in a report on Monday, June 6th. Buckingham Research restated a “buy” rating on shares of Morgan Stanley in a report on Tuesday, June 21st. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $27.00 price objective (down from $29.00) on shares of Morgan Stanley in a research note on Monday, June 27th. Finally, Royal Bank Of Canada set a $27.00 price objective on Morgan Stanley and gave the stock a “buy” rating in a research note on Tuesday, June 28th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.97.

In other Morgan Stanley news, CFO Paul C. Wirth sold 18,929 shares of Morgan Stanley stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $31.70, for a total transaction of $600,049.30. Following the completion of the transaction, the chief financial officer now owns 195,748 shares in the company, valued at $6,205,211.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Paul C. Wirth sold 20,000 shares of Morgan Stanley stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $30.20, for a total value of $604,000.00. Following the transaction, the chief financial officer now owns 214,280 shares of the company’s stock, valued at approximately $6,471,256. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

Morgan Stanley Company Profile

Morgan Stanley is a financial holding company. The Company is a global financial services firm that, through its subsidiaries and affiliates, advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. Its segments include Institutional Securities, Wealth Management and Investment Management.

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