Neuberger Berman Doubles its Stake in Morgan Stanley

According to a recent Form 13F filing submitted to the SEC, Neuberger Berman Group LLC disclosed a noteworthy and bullish position in MS stock. Here’s what you need to know about Morgan Stanley, as well as Neuberger Berman Group’s position in shares of MS stock:

About Morgan Stanley (NYSE: MS)

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The 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. This segment also provides sales and trading services, such as sales, financing, prime brokerage, and market-making services in equity and fixed income products consisting of foreign exchange and commodities; corporate and commercial real estate loans, which provides secured lending facilities and financing for sales and trading customers, and asset-backed and mortgage lending; and wealth management services, investment, and research services. The Wealth Management segment offers financial advisor-led brokerage and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services, including stock plan administration; annuity and insurance products; securities-based lending, residential real estate loans, and other lending products; banking; and retirement plan services to individual investors and small to medium-sized businesses and institutions. The Investment Management segment provides equity, fixed income, liquidity, and alternative/other products to benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, and third-party fund sponsors and corporations through institutional and intermediary channels. Morgan Stanley was founded in 1924 and is headquartered in New York, New York. Learn more about Morgan Stanley on their website here

Neuberger Berman Group Position in MS

According to the most recent 13F filed by Neuberger Berman Group, the firm added 1,757,682 shares of MS stock to it holdings in the recent quarter. That brings their total long position in Morgan Stanley to 3,183,121 shares, representing approximately 0.1883% of the entire 1,690,109,958 MS shares outstanding. Based on the most recent closing price of $89.81 per share of MS, the entire Neuberger Berman Group position in Morgan Stanley stock is worth roughly $285,876,097.01.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Neuberger Berman Group Llc. Also be sure to check out more recent 13F filing analysis news here.