BlueMountain Capital Management LLC boosted its holdings in Morgan Stanley (NYSE:MS) by 32.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,638 shares of the financial services provider’s stock after purchasing an additional 4,615 shares during the quarter. BlueMountain Capital Management LLC’s holdings in Morgan Stanley were worth $831,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MS. Lee Danner & Bass Inc. lifted its stake in Morgan Stanley by 0.3% in the first quarter. Lee Danner & Bass Inc. now owns 8,685 shares of the financial services provider’s stock valued at $372,000 after buying an additional 22 shares during the last quarter. Guardian Life Insurance Co. of America lifted its stake in Morgan Stanley by 0.5% in the first quarter. Guardian Life Insurance Co. of America now owns 5,551 shares of the financial services provider’s stock valued at $238,000 after buying an additional 25 shares during the last quarter. Smithfield Trust Co. lifted its stake in Morgan Stanley by 1.2% in the second quarter. Smithfield Trust Co. now owns 3,690 shares of the financial services provider’s stock valued at $164,000 after buying an additional 42 shares during the last quarter. Savant Capital LLC lifted its stake in Morgan Stanley by 0.8% in the first quarter. Savant Capital LLC now owns 9,677 shares of the financial services provider’s stock valued at $415,000 after buying an additional 77 shares during the last quarter. Finally, M Holdings Securities Inc. lifted its stake in Morgan Stanley by 1.6% in the first quarter. M Holdings Securities Inc. now owns 5,145 shares of the financial services provider’s stock valued at $220,000 after buying an additional 83 shares during the last quarter. 85.18% of the stock is owned by hedge funds and other institutional investors.

MS has been the subject of a number of research reports. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Friday, May 26th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Morgan Stanley in a research note on Monday, May 29th. Instinet reiterated a “buy” rating and issued a $50.00 price objective (down previously from $51.00) on shares of Morgan Stanley in a research note on Saturday, June 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $50.00 price objective on shares of Morgan Stanley in a research note on Tuesday, June 6th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Morgan Stanley in a research note on Monday, July 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Morgan Stanley currently has an average rating of “Buy” and an average price target of $48.11.

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

Shares of Morgan Stanley (MS) opened at 48.26 on Friday. The firm has a market cap of $88.63 billion, a price-to-earnings ratio of 13.82 and a beta of 1.63. The firm has a 50-day moving average price of $46.13 and a 200 day moving average price of $44.52. Morgan Stanley has a 12-month low of $30.62 and a 12-month high of $48.90. Morgan Stanley also was the recipient of some unusual options trading on Wednesday. Investors acquired 12,195 put options on the stock. This is an increase of approximately 129% compared to the typical daily volume of 5,327 put options.

Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.11. The firm had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.05 billion. Morgan Stanley had a return on equity of 9.83% and a net margin of 16.77%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. On average, equities research analysts anticipate that Morgan Stanley will post $3.49 earnings per share for the current fiscal year.

Morgan Stanley announced that its board has approved a share buyback program on Wednesday, June 28th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 6.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

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Morgan Stanley Profile

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.

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

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