Tower Research Capital LLC TRC increased its stake in Morgan Stanley (NYSE:MS) by 2,318.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,442 shares of the financial services provider’s stock after buying an additional 30,142 shares during the period. Tower Research Capital LLC TRC’s holdings in Morgan Stanley were worth $1,490,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. LGT Capital Partners LTD. grew its holdings in Morgan Stanley by 15.7% in the second quarter. LGT Capital Partners LTD. now owns 639,220 shares of the financial services provider’s stock worth $30,299,000 after purchasing an additional 86,600 shares during the period. Wesbanco Bank Inc. grew its holdings in shares of Morgan Stanley by 2.3% during the second quarter. Wesbanco Bank Inc. now owns 119,976 shares of the financial services provider’s stock valued at $5,687,000 after buying an additional 2,694 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Morgan Stanley by 8.6% during the second quarter. Daiwa Securities Group Inc. now owns 67,300 shares of the financial services provider’s stock valued at $3,190,000 after buying an additional 5,313 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Morgan Stanley by 57.9% during the second quarter. Private Advisor Group LLC now owns 27,106 shares of the financial services provider’s stock valued at $1,292,000 after buying an additional 9,939 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Morgan Stanley by 25.7% during the second quarter. Boston Partners now owns 2,666,017 shares of the financial services provider’s stock valued at $126,369,000 after buying an additional 545,059 shares during the last quarter. 84.43% of the stock is owned by institutional investors.

MS has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. ValuEngine cut shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Sanford C. Bernstein upgraded shares of Morgan Stanley from an “underperform” rating to a “market perform” rating and set a $51.00 price target on the stock in a report on Wednesday, July 18th. Societe Generale reiterated a “$49.85” rating and set a $56.00 price target on shares of Morgan Stanley in a report on Thursday, July 19th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $60.00 price target on shares of Morgan Stanley in a report on Tuesday, June 12th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Morgan Stanley has an average rating of “Hold” and a consensus target price of $57.15.

MS opened at $48.19 on Friday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.83 and a current ratio of 0.83. Morgan Stanley has a 1-year low of $46.14 and a 1-year high of $59.38. The company has a market capitalization of $82.84 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 0.84 and a beta of 1.42.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.19. The firm had revenue of $10.61 billion for the quarter, compared to the consensus estimate of $10.05 billion. Morgan Stanley had a net margin of 15.84% and a return on equity of 12.04%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $0.87 EPS. equities analysts anticipate that Morgan Stanley will post 4.85 EPS for the current year.

Morgan Stanley announced that its Board of Directors has approved a stock buyback plan on Thursday, June 28th that permits the company to buyback $4.70 billion in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 5.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Morgan Stanley 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 three segments: Institutional Securities, Wealth Management, and Investment Management.

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

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