L & S Advisors Inc purchased a new stake in shares of Morgan Stanley (NYSE:MS) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 69,258 shares of the financial services provider’s stock, valued at approximately $3,086,000.

Several other institutional investors also recently made changes to their positions in MS. BlackRock Inc. grew its holdings in shares of Morgan Stanley by 2,798.9% during the 1st quarter. BlackRock Inc. now owns 101,168,197 shares of the financial services provider’s stock valued at $4,334,046,000 after purchasing an additional 97,678,337 shares during the last quarter. FMR LLC grew its holdings in shares of Morgan Stanley by 16.9% during the 1st quarter. FMR LLC now owns 46,221,986 shares of the financial services provider’s stock valued at $1,980,150,000 after purchasing an additional 6,692,676 shares during the last quarter. Epoch Investment Partners Inc. bought a new stake in shares of Morgan Stanley during the 1st quarter valued at approximately $215,402,000. Lazard Asset Management LLC grew its holdings in shares of Morgan Stanley by 801.0% during the 2nd quarter. Lazard Asset Management LLC now owns 5,321,327 shares of the financial services provider’s stock valued at $237,117,000 after purchasing an additional 4,730,704 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Morgan Stanley by 64.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 11,162,183 shares of the financial services provider’s stock valued at $478,188,000 after purchasing an additional 4,380,706 shares during the last quarter. 85.18% of the stock is currently owned by institutional investors.

Morgan Stanley (NYSE MS) traded up 0.04% on Friday, hitting $48.17. 5,200,481 shares of the company were exchanged. Morgan Stanley has a 52 week low of $30.62 and a 52 week high of $48.90. The company has a market capitalization of $88.47 billion, a price-to-earnings ratio of 13.80 and a beta of 1.63. The stock has a 50 day moving average of $46.13 and a 200 day moving average of $44.52.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Morgan Stanley had a return on equity of 9.83% and a net margin of 16.77%. The company had revenue of $9.50 billion during the quarter, compared to analyst estimates of $9.05 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. Analysts predict that Morgan Stanley will post $3.48 EPS for the current fiscal year.

Morgan Stanley announced that its Board of Directors has approved a share repurchase program on Wednesday, June 28th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 6.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

MS has been the topic of several research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $50.00 price target on shares of Morgan Stanley in a report on Tuesday, June 6th. Instinet reaffirmed a “buy” rating and set a $50.00 price target (down from $51.00) on shares of Morgan Stanley in a report on Saturday, June 3rd. Bank of America Corporation lifted their price target on shares of Morgan Stanley from $50.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, July 20th. Buckingham Research reaffirmed a “buy” rating and set a $54.00 price target (up from $51.00) on shares of Morgan Stanley in a report on Monday, July 10th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Morgan Stanley in a report on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Morgan Stanley currently has an average rating of “Buy” and a consensus price target of $48.28.

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In related news, CFO Jonathan Pruzan sold 25,767 shares of the firm’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $46.68, for a total value of $1,202,803.56. Following the completion of the sale, the chief financial officer now owns 196,708 shares of the company’s stock, valued at $9,182,329.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman James P. Gorman sold 212,366 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $47.26, for a total value of $10,036,417.16. Following the completion of the sale, the chairman now directly owns 1,602,609 shares of the company’s stock, valued at approximately $75,739,301.34. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

About Morgan Stanley

Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.

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

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