Junto Capital Management LP Has $30.85 Million Stake in Morgan Stanley (MS)
Junto Capital Management LP grew its stake in shares of Morgan Stanley (NYSE:MS) by 38.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 692,400 shares of the financial services provider’s stock after purchasing an additional 193,413 shares during the quarter. Morgan Stanley makes up approximately 2.7% of Junto Capital Management LP’s portfolio, making the stock its 17th biggest position. Junto Capital Management LP’s holdings in Morgan Stanley were worth $30,853,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Neuburgh Advisers LLC lifted its stake in Morgan Stanley by 648.3% in the first quarter. Neuburgh Advisers LLC now owns 189,788 shares of the financial services provider’s stock worth $8,130,000 after acquiring an additional 164,424 shares during the period. Commerce Bank lifted its stake in Morgan Stanley by 6.6% in the first quarter. Commerce Bank now owns 32,973 shares of the financial services provider’s stock worth $1,413,000 after acquiring an additional 2,039 shares during the period. Mosaic Family Wealth LLC lifted its stake in Morgan Stanley by 35.7% in the first quarter. Mosaic Family Wealth LLC now owns 9,123 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 2,399 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Morgan Stanley by 28.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 106,591 shares of the financial services provider’s stock worth $4,566,000 after acquiring an additional 23,924 shares during the period. Finally, American Asset Management Inc. lifted its stake in Morgan Stanley by 5.7% in the first quarter. American Asset Management Inc. now owns 7,455 shares of the financial services provider’s stock worth $319,000 after acquiring an additional 405 shares during the period. 85.18% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently commented on the company. Compass Point reaffirmed a “sell” rating and issued a $38.00 price target (up previously from $34.00) on shares of Morgan Stanley in a research note on Monday. Berenberg Bank reaffirmed a “hold” rating and issued a $40.00 price target on shares of Morgan Stanley in a research note on Thursday, September 21st. J P Morgan Chase & Co set a $53.00 price target on Morgan Stanley and gave the stock a “buy” rating in a research note on Friday, September 15th. HSBC Holdings plc raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Friday, September 15th. Finally, Zacks Investment Research lowered Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $48.28.
In other Morgan Stanley 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 transaction 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 transaction was disclosed in a legal filing with the SEC, which is available 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 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. Corporate insiders own 0.35% of the company’s stock.
Shares of Morgan Stanley (NYSE MS) traded down 0.04% on Thursday, reaching $48.05. The company’s stock had a trading volume of 2,635,820 shares. Morgan Stanley has a 12-month low of $30.62 and a 12-month high of $48.90. The stock has a market cap of $88.25 billion, a PE ratio of 13.76 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 (NYSE:MS) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. The firm had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.05 billion. Morgan Stanley had a return on equity of 9.83% and a net margin of 16.77%. Morgan Stanley’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. Equities research analysts expect that Morgan Stanley will post $3.48 EPS for the current year.
Morgan Stanley announced that its Board of Directors has authorized a share buyback plan on Wednesday, June 28th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 6.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is 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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