Wells Fargo Downgrades Morgan Stanley (SNSE:MSCL)

Fintel reports that on August 2, 2024, Wells Fargo downgraded their outlook for Morgan Stanley (SNSE:MSCL) from Equal-Weight to Underweight.

What is the Fund Sentiment?

There are 2,952 funds or institutions reporting positions in Morgan Stanley. This is an increase of 3 owner(s) or 0.10% in the last quarter. Average portfolio weight of all funds dedicated to MSCL is 0.40%, an increase of 4.39%. Total shares owned by institutions decreased in the last three months by 1.90% to 1,528,250K shares.

What are Other Shareholders Doing?

CL:MSCL / Morgan Stanley Shares Held by Institutions

Mitsubishi Ufj Financial Group holds 377,085K shares representing 23.20% ownership of the company. No change in the last quarter.

Jpmorgan Chase holds 50,280K shares representing 3.09% ownership of the company. In its prior filing, the firm reported owning 59,940K shares , representing a decrease of 19.21%. The firm decreased its portfolio allocation in MSCL by 91.69% over the last quarter.

Wellington Management Group Llp holds 42,902K shares representing 2.64% ownership of the company. In its prior filing, the firm reported owning 38,451K shares , representing an increase of 10.37%. The firm decreased its portfolio allocation in MSCL by 84.78% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 38,563K shares representing 2.37% ownership of the company. In its prior filing, the firm reported owning 38,627K shares , representing a decrease of 0.17%. The firm decreased its portfolio allocation in MSCL by 8.09% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 31,568K shares representing 1.94% ownership of the company. In its prior filing, the firm reported owning 30,874K shares , representing an increase of 2.20%. The firm decreased its portfolio allocation in MSCL by 8.97% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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