Morgan Stanley $MS Shares Newly Acquired by Burton Enright Welch

Burton Enright Welch bought a new stake in Morgan Stanley (NYSE:MS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,275 shares of the financial services provider’s stock, valued at approximately $616,000.

Other institutional investors have also added to or reduced their stakes in the company. Beverly Hills Private Wealth LLC raised its stake in shares of Morgan Stanley by 11.0% in the third quarter. Beverly Hills Private Wealth LLC now owns 6,729 shares of the financial services provider’s stock valued at $1,266,000 after purchasing an additional 669 shares in the last quarter. Hohimer Wealth Management LLC boosted its stake in Morgan Stanley by 5.6% during the third quarter. Hohimer Wealth Management LLC now owns 1,190 shares of the financial services provider’s stock worth $224,000 after buying an additional 63 shares in the last quarter. Carret Asset Management LLC boosted its stake in Morgan Stanley by 2.3% during the third quarter. Carret Asset Management LLC now owns 35,297 shares of the financial services provider’s stock worth $6,639,000 after buying an additional 781 shares in the last quarter. Almanack Investment Partners LLC. boosted its stake in Morgan Stanley by 5.7% during the third quarter. Almanack Investment Partners LLC. now owns 1,792 shares of the financial services provider’s stock worth $337,000 after buying an additional 96 shares in the last quarter. Finally, M Holdings Securities Inc. bought a new stake in Morgan Stanley in the 3rd quarter valued at $1,982,000. 84.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada reduced their price objective on shares of Morgan Stanley from $243.00 to $195.00 and set a “sector perform” rating for the company in a report on Thursday, October 15th. JPMorgan Chase & Co. upped their target price on shares of Morgan Stanley from $195.00 to $198.00 and gave the company a “neutral” rating in a research note on Friday, October 16th. Wells Fargo & Company lowered their target price on shares of Morgan Stanley from $223.00 to $217.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 15th. UBS Group increased their price target on shares of Morgan Stanley from $236.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, November 2nd. Finally, BMO Capital Markets cut their price target on shares of Morgan Stanley from $215.00 to $210.00 and set an “outperform” rating for the company in a research note on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.81.

Morgan Stanley Price Performance

Shares of MS stock opened at $181.65 on Monday. The stock’s fifty day simple moving average is $195.21 and its 200 day simple moving average is $194.31. Morgan Stanley has a one year low of $152.80 and a one year high of $232.25. The firm has a market cap of $286.52 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 1.21 and a beta of 1.23. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.79 and a quick ratio of 0.79.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.10. The firm had revenue of $20.34 billion during the quarter, compared to analyst estimates of $19.93 billion. Morgan Stanley had a return on equity of 19.26% and a net margin of 15.63%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.80 earnings per share. On average, analysts expect that Morgan Stanley will post 12.83 earnings per share for the current fiscal year.

Morgan Stanley Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, October 30th. Morgan Stanley’s payout ratio is currently 36.51%.

Key Morgan Stanley News

Here are the key news stories impacting Morgan Stanley this week:

• Positive Sentiment: CNBC traders named Morgan Stanley among their “final trades,” citing strong earnings and outlooks. Morgan Stanley, Chubb and CF Industries: CNBC’s ‘Final Trades’
• Neutral Sentiment: Morgan Stanley has begun using the DTCC’s tokenization service for U.S. equities and Treasuries. The move positions the bank in emerging blockchain market infrastructure, though reports provide no detail on expected revenue or near-term financial impact. What Could Morgan Stanley (MS) Tokenization Mean For Its Role In Markets?
• Negative Sentiment: Recent weakness in Morgan Stanley shares was described as part of a broad market selloff that dragged down major banks, with no company-specific news identified. The bank’s exposure to trading and dealmaking could make it sensitive if market activity cools. Morgan Stanley Sinks 6%, Goldman Down 6%, Citi Down 5% as Market Selloff Drags Wall Street Banks

About Morgan Stanley

Morgan Stanley is a global financial services company that provides investment banking, securities, wealth management and investment management services to corporations, governments, institutions and individuals.

Its Institutional Securities business offers services such as financial advisory, capital raising, sales and trading, and research. The company also provides financial planning, brokerage and banking services through its Wealth Management business, while its Investment Management business offers investment strategies and portfolio management to a range of clients.

Founded in 1935, Morgan Stanley serves clients in the United States and across international markets, including Europe, the Middle East, Africa and Asia.