MGO One Seven LLC Sells 5,402 Shares of Morgan Stanley $MS

MGO One Seven LLC decreased its position in shares of Morgan Stanley (NYSE:MS) by 20.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 21,194 shares of the financial services provider’s stock after selling 5,402 shares during the quarter. MGO One Seven LLC’s holdings in Morgan Stanley were worth $3,986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Financial Group Inc. acquired a new stake in Morgan Stanley during the second quarter worth about $78,825,883,310. Bank of America Corp DE boosted its holdings in Morgan Stanley by 0.5% in the 1st quarter. Bank of America Corp DE now owns 16,326,676 shares of the financial services provider’s stock valued at $2,686,881,000 after purchasing an additional 87,533 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Morgan Stanley by 1.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,206,144 shares of the financial services provider’s stock valued at $2,342,532,000 after purchasing an additional 188,296 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Morgan Stanley by 4.5% in the 1st quarter. Bank of New York Mellon Corp now owns 9,794,288 shares of the financial services provider’s stock valued at $1,611,846,000 after purchasing an additional 422,775 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Morgan Stanley by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,235,756 shares of the financial services provider’s stock valued at $1,190,585,000 after buying an additional 65,739 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Morgan Stanley from $195.00 to $198.00 and gave the stock a “neutral” rating in a report on Friday, October 16th. UBS Group upped their price objective on Morgan Stanley from $236.00 to $240.00 and gave the company a “buy” rating in a report on Monday. Jefferies Financial Group upgraded Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. BMO Capital Markets lowered their price objective on Morgan Stanley from $215.00 to $210.00 and set an “outperform” rating for the company in a research report on Monday, October 19th. Finally, Bank of America raised their target price on Morgan Stanley from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Two 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $214.81.

Morgan Stanley Trading Up 0.7%

Shares of MS stock opened at $185.57 on Tuesday. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $292.69 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.27 and a beta of 1.22. The company has a 50-day moving average of $197.54 and a two-hundred day moving average of $194.30. Morgan Stanley has a 1-year low of $152.80 and a 1-year high of $232.25.

Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.10. The business had revenue of $20.34 billion for the quarter, compared to the consensus estimate of $19.93 billion. Morgan Stanley had a net margin of 15.63% and a return on equity of 19.40%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.80 EPS. On average, analysts predict that Morgan Stanley will post 12.83 EPS for the current year.

Morgan Stanley Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.5%. Morgan Stanley’s dividend payout ratio (DPR) is presently 36.51%.

Key Stories Impacting Morgan Stanley

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

• Positive Sentiment: UBS raised its price target to $240 from $236 and reiterated a Buy rating, implying approximately 29% upside from the referenced price. The revision provides a direct bullish catalyst for Morgan Stanley (MS). UBS raises Morgan Stanley price target
• Positive Sentiment: Morgan Stanley strategist Mike Wilson said the U.S. equity correction may be nearing its end and that the midterm elections could act as a “clearing event.” A market rebound would likely support Morgan Stanley’s wealth-management fees, asset values, and investment-banking activity. Morgan Stanley strategist market outlook
• Positive Sentiment: Exchange-traded funds recorded approximately $20.8 million in net buying of MS shares, with 42 ETFs purchasing the stock versus 15 selling it in the cited session. This suggests supportive institutional and passive-investment demand. ETF buying of Morgan Stanley shares
• Neutral Sentiment: E*TRADE from Morgan Stanley released its monthly sector-rotation study, highlighting client buying and selling across the 11 major U.S. equity sectors. The release reinforces the firm’s brokerage and wealth-management engagement but did not disclose a specific earnings impact. E*TRADE sector rotation study
• Neutral Sentiment: Cousins Properties joined the venture acquiring the Dallas site for Morgan Stanley’s planned $1.2 billion high-rise. The partnership may help advance the project, but the development is a long-term initiative and has limited immediate effect on MS earnings. Cousins Properties Dallas high-rise project
• Negative Sentiment: Morgan Stanley warned that an artificial-intelligence-related correction could push the S&P 500 lower by about 9%. Although the firm does not view this as the end of the bull market, renewed volatility could temporarily pressure asset levels, trading activity, and fee revenue. Morgan Stanley S&P 500 warning

Morgan Stanley Company Profile

Morgan Stanley (NYSE: MS) is a global financial services company that provides investment banking, securities, wealth management and investment management services to corporations, institutions, governments and individual investors. Founded in 1935, the company is headquartered in New York City and serves clients through operations across North America, Europe, Asia-Pacific and other international markets.

Through its Institutional Securities segment, Morgan Stanley offers investment banking, equity and fixed-income sales and trading, research, lending and related capital-markets services.