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Guggenheim Capital LLC Increases Holdings in Morgan Stanley (EDD)

19 April 2018, 02:04 | Melanie Burgess

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Morgan Stanley used electronic systems to grab the stock-trading business of quantitative hedge funds that have increased assets in recent years

The stock of Morgan Stanley (NYSE:MS) has "Buy" rating given on Tuesday, January 19 by Argus Research. HSBC upgraded the shares of MS in report on Friday, September 15 to "Buy" rating. Vining Sparks reaffirmed a buy rating and issued a $60.00 target price on shares of Morgan Stanley in a research report on Monday, January 8th. Morgan Stanley's effective tax rate tumbled to 21% from 29% past year.

Among 12 analysts covering EPR Properties (NYSE:EPR), 2 have Buy rating, 2 Sell and 8 Hold.

In total 13 analysts cover Morgan Stanley (NYSE:MS). The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.17.

Gorman, 59, joined Morgan Stanley in 2006 as head of wealth management. The companyÂ's Institutional Securities segment offers capital raising and financial advisory services, including services related to the underwriting of debt, equity, and other securities, as well as advice on mergers and acquisitions, restructurings, real estate, and project finance.

Morgan Stanley has posted a record quarterly profit, bringing down the curtain on a generally bright first-quarter earnings season for the big United States banks. Both figures and easily beat the average analyst's estimate of $2.2 billion in earnings and $10.36.

Headquartered in NY, the company disclosed, revenue that reached $ 11.08 billion, rose 14% from $ 9.75 billion a year ago.

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This has led to big revenue gains at banks with sizable trading operations such as Morgan Stanley and Goldman Sachs. Factory Mutual Insurance Co. now owns 1,055,000 shares of the financial services provider's stock valued at $33,823,000 after buying an additional 165,000 shares in the last quarter. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Daniel A. Simkowitz sold 87,050 shares of the company's stock in a transaction on Wednesday, February 14th. With 10.89M shares average volume, it will take short sellers 1 days to cover their MS's short positions. The disclosure for this sale can be found here. New Jersey Better Educational Savings Trust who had been investing in Epr Pptys for a number of months, seems to be bullish on the $4.13B market cap company. Corporate insiders own 0.35% of the company's stock. Investors must be on record as of April 30, 2018 to receive this dividend. Bollard Group LLC increased its stake in shares of Morgan Stanley by 0.7% in the third quarter. This compares with $1.84 billion, or $1.00 per share, in last year's first quarter. Such sales under the Plan are contemplated to occur twice every quarter as part of Morgan Stanley's share repurchase program.

Trading revenue at Goldman Sachs soared 31% to a three-year high. Still, banks' wealth- and asset-management units weren't too fazed. Finally, Accuvest Global Advisors lifted its holdings in Morgan Stanley by 121.8% during the 4th quarter.

Want to see what other hedge funds are holding EDD?

WARNING: This piece was first published by StockNewsTimes and is the property of of StockNewsTimes.

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.

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