Paloma Partners Management Co Buys 143,981 Shares of Morgan Stanley (NYSE:MS)

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Paloma Partners Management Co boosted its stake in Morgan Stanley (NYSE:MS) by 305.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,073 shares of the financial services provider’s stock after acquiring an additional 143,981 shares during the period. Paloma Partners Management Co’s holdings in Morgan Stanley were worth $8,371,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MS. Eminence Capital LP acquired a new position in shares of Morgan Stanley during the second quarter worth approximately $141,913,000. Marshall Wace North America L.P. raised its position in shares of Morgan Stanley by 2,308.4% during the second quarter. Marshall Wace North America L.P. now owns 921,206 shares of the financial services provider’s stock worth $40,358,000 after purchasing an additional 882,957 shares during the period. Rock Creek Group LP acquired a new position in shares of Morgan Stanley during the second quarter worth approximately $1,314,000. Assetmark Inc. raised its position in shares of Morgan Stanley by 44.5% during the second quarter. Assetmark Inc. now owns 9,529 shares of the financial services provider’s stock worth $417,000 after purchasing an additional 2,936 shares during the period. Finally, Private Portfolio Partners LLC acquired a new position in shares of Morgan Stanley during the second quarter worth approximately $206,000. Institutional investors and hedge funds own 83.58% of the company’s stock.

A number of equities analysts have recently weighed in on the company. BMO Capital Markets set a $69.00 target price on Morgan Stanley and gave the stock a “buy” rating in a research report on Friday, July 19th. TheStreet lowered Morgan Stanley from a “b” rating to a “c+” rating in a research report on Wednesday, August 14th. Citigroup raised Morgan Stanley from a “neutral” rating to a “buy” rating and upped their target price for the stock from $48.00 to $52.00 in a research report on Friday, July 12th. Finally, Oppenheimer set a $65.00 target price on Morgan Stanley and gave the stock a “buy” rating in a research report on Friday, July 19th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. Morgan Stanley has an average rating of “Hold” and a consensus target price of $56.45.

NYSE MS traded down $0.36 on Thursday, reaching $44.00. The company had a trading volume of 301,580 shares, compared to its average volume of 9,296,413. The stock has a market capitalization of $73.96 billion, a P/E ratio of 9.55, a P/E/G ratio of 1.14 and a beta of 1.33. The company’s fifty day moving average is $41.65 and its 200 day moving average is $43.50. Morgan Stanley has a 52-week low of $36.74 and a 52-week high of $50.37. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.66.

Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Thursday, July 18th. The financial services provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.10. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.02 billion. Morgan Stanley had a return on equity of 11.04% and a net margin of 16.06%. Morgan Stanley’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.30 EPS. On average, research analysts expect that Morgan Stanley will post 4.79 EPS for the current year.

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 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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