Goldstein Advisors LLC Has $231,000 Holdings in Morgan Stanley $MS

Goldstein Advisors LLC cut its stake in shares of Morgan Stanley (NYSE:MSFree Report) by 9.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,643 shares of the financial services provider’s stock after selling 173 shares during the quarter. Goldstein Advisors LLC’s holdings in Morgan Stanley were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. McLean Asset Management Corp increased its holdings in shares of Morgan Stanley by 2.5% during the second quarter. McLean Asset Management Corp now owns 3,007 shares of the financial services provider’s stock worth $430,000 after buying an additional 73 shares in the last quarter. Pinnacle Bancorp Inc. increased its holdings in Morgan Stanley by 1.5% in the second quarter. Pinnacle Bancorp Inc. now owns 5,022 shares of the financial services provider’s stock valued at $707,000 after purchasing an additional 75 shares during the period. Congress Park Capital LLC increased its holdings in Morgan Stanley by 2.4% in the second quarter. Congress Park Capital LLC now owns 3,250 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 75 shares during the period. Hemington Wealth Management increased its holdings in Morgan Stanley by 3.4% in the second quarter. Hemington Wealth Management now owns 2,295 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 75 shares during the period. Finally, Lantz Financial LLC increased its holdings in Morgan Stanley by 4.7% in the second quarter. Lantz Financial LLC now owns 1,800 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 80 shares during the period. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MS. Jefferies Financial Group increased their price objective on Morgan Stanley from $175.00 to $186.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group increased their price objective on Morgan Stanley from $145.00 to $164.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. UBS Group increased their price objective on Morgan Stanley from $156.00 to $165.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Keefe, Bruyette & Woods increased their price target on Morgan Stanley from $176.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Morgan Stanley in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Morgan Stanley presently has a consensus rating of “Moderate Buy” and an average target price of $165.54.

Check Out Our Latest Report on MS

Morgan Stanley Price Performance

MS stock opened at $158.70 on Friday. The stock has a market capitalization of $253.34 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 1.85 and a beta of 1.32. The company’s 50-day moving average is $153.29 and its 200-day moving average is $137.10. The company has a debt-to-equity ratio of 3.30, a current ratio of 0.78 and a quick ratio of 0.78. Morgan Stanley has a 1 year low of $94.33 and a 1 year high of $166.77.

Morgan Stanley (NYSE:MSGet Free Report) last released its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.73. The company had revenue of $18.22 billion for the quarter, compared to analysts’ expectations of $16.42 billion. Morgan Stanley had a net margin of 13.85% and a return on equity of 16.55%. The business’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.88 EPS. Equities research analysts expect that Morgan Stanley will post 8.56 EPS for the current fiscal year.

Morgan Stanley declared that its Board of Directors has authorized a stock buyback plan on Tuesday, July 1st that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 8.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Morgan Stanley Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a $1.00 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $4.00 annualized dividend and a yield of 2.5%. Morgan Stanley’s dividend payout ratio (DPR) is presently 41.03%.

Morgan Stanley Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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