Zurich Insurance Group Ltd FI cut its holdings in shares of Morgan Stanley (NYSE:MS) by 22.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 265,885 shares of the financial services provider’s stock after selling 77,772 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Morgan Stanley were worth $11,648,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Lourd Capital LLC lifted its holdings in Morgan Stanley by 2.2% in the second quarter. Lourd Capital LLC now owns 10,652 shares of the financial services provider’s stock valued at $467,000 after acquiring an additional 233 shares during the period. Citizens Financial Group Inc RI lifted its holdings in Morgan Stanley by 46.2% in the first quarter. Citizens Financial Group Inc RI now owns 775 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 245 shares during the period. Sandy Spring Bank lifted its holdings in Morgan Stanley by 26.2% in the second quarter. Sandy Spring Bank now owns 1,262 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 262 shares during the period. Captrust Financial Advisors lifted its holdings in Morgan Stanley by 1.3% in the second quarter. Captrust Financial Advisors now owns 22,908 shares of the financial services provider’s stock valued at $1,004,000 after acquiring an additional 285 shares during the period. Finally, Convergence Investment Partners LLC lifted its holdings in Morgan Stanley by 0.7% in the second quarter. Convergence Investment Partners LLC now owns 43,074 shares of the financial services provider’s stock valued at $1,887,000 after acquiring an additional 293 shares during the period. 83.58% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on MS. BMO Capital Markets set a $69.00 target price on Morgan Stanley and gave the company a “buy” rating in a report on Friday, July 19th. TheStreet raised Morgan Stanley from a “c+” rating to a “b-” rating in a report on Wednesday. Oppenheimer set a $65.00 target price on Morgan Stanley and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Citigroup raised Morgan Stanley from a “neutral” rating to a “buy” rating and increased their target price for the company from $48.00 to $52.00 in a report on Friday, July 12th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $56.45.

In related news, major shareholder Ufj Financial Group Mitsubishi acquired 70,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average price of $1.01 per share, with a total value of $70,700.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 420,000 shares of company stock worth $426,300 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.

Shares of NYSE MS traded down $0.35 during trading on Friday, hitting $43.67. The company had a trading volume of 9,384,216 shares, compared to its average volume of 9,143,424. The stock has a 50 day simple moving average of $41.63 and a 200 day simple moving average of $43.52. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.77 and a current ratio of 0.77. Morgan Stanley has a 12 month low of $36.74 and a 12 month high of $49.97. The firm has a market capitalization of $73.32 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 1.13 and a beta of 1.33.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.13 by $0.10. Morgan Stanley had a return on equity of 11.04% and a net margin of 16.06%. The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.02 billion. During the same quarter last year, the company earned $1.30 earnings per share. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, analysts predict that Morgan Stanley will post 4.79 EPS for the current year.

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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