Morgan Stanley (MS) Stake Lifted by HCR Wealth Advisors
HCR Wealth Advisors lifted its position in shares of Morgan Stanley (NYSE:MS) by 14.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,155 shares of the financial services provider’s stock after purchasing an additional 4,703 shares during the period. HCR Wealth Advisors’ holdings in Morgan Stanley were worth $1,706,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Hennessy Advisors Inc. boosted its holdings in shares of Morgan Stanley by 2.3% during the 2nd quarter. Hennessy Advisors Inc. now owns 45,000 shares of the financial services provider’s stock worth $2,133,000 after buying an additional 1,000 shares during the period. Tiedemann Advisors LLC boosted its holdings in shares of Morgan Stanley by 8.7% during the 2nd quarter. Tiedemann Advisors LLC now owns 14,198 shares of the financial services provider’s stock worth $674,000 after buying an additional 1,135 shares during the period. GWM Advisors LLC boosted its holdings in shares of Morgan Stanley by 12.2% during the 3rd quarter. GWM Advisors LLC now owns 10,883 shares of the financial services provider’s stock worth $507,000 after buying an additional 1,184 shares during the period. Sawtooth Solutions LLC boosted its holdings in shares of Morgan Stanley by 25.3% during the 3rd quarter. Sawtooth Solutions LLC now owns 5,957 shares of the financial services provider’s stock worth $277,000 after buying an additional 1,201 shares during the period. Finally, Appleton Partners Inc. MA boosted its holdings in shares of Morgan Stanley by 4.4% during the 3rd quarter. Appleton Partners Inc. MA now owns 29,085 shares of the financial services provider’s stock worth $1,354,000 after buying an additional 1,220 shares during the period. Institutional investors own 84.87% of the company’s stock.
A number of analysts have issued reports on the stock. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Tuesday, July 24th. ValuEngine downgraded shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. JPMorgan Chase & Co. reissued a “buy” rating and issued a $62.00 price objective on shares of Morgan Stanley in a report on Monday, September 10th. Wolfe Research assumed coverage on shares of Morgan Stanley in a report on Tuesday, September 25th. They issued an “outperform” rating for the company. Finally, HSBC downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating and set a $54.00 price objective for the company. in a report on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $58.82.
Shares of NYSE MS opened at $44.13 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.67. Morgan Stanley has a 52-week low of $42.88 and a 52-week high of $59.38. The company has a market capitalization of $75.91 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 0.76 and a beta of 1.28.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.16. Morgan Stanley had a net margin of 15.93% and a return on equity of 12.51%. The firm had revenue of $9.87 billion during the quarter, compared to analysts’ expectations of $9.55 billion. During the same period in the prior year, the company posted $0.93 EPS. The company’s revenue was up 7.3% on a year-over-year basis. As a group, research analysts expect that Morgan Stanley will post 4.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Tuesday, October 30th. Morgan Stanley’s dividend payout ratio is currently 33.33%.
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About Morgan Stanley
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 Institutional Securities, Wealth Management, and Investment Management segments.
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