Cyndeo Wealth Partners LLC decreased its position in shares of Morgan Stanley (NYSE:MS – Free Report) by 22.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 54,806 shares of the financial services provider’s stock after selling 16,033 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Morgan Stanley were worth $10,308,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Financial Group Inc. bought a new stake in Morgan Stanley in the 2nd quarter valued at about $78,825,883,310. Bank of America Corp DE lifted its holdings in Morgan Stanley by 0.5% during the first 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 position in Morgan Stanley by 1.7% during the second 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 worth $2,342,532,000 after purchasing an additional 188,296 shares during the period. Bank of New York Mellon Corp boosted its position in Morgan Stanley by 4.5% during the first quarter. Bank of New York Mellon Corp now owns 9,794,288 shares of the financial services provider’s stock worth $1,611,846,000 after purchasing an additional 422,775 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Morgan Stanley by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,235,756 shares of the financial services provider’s stock worth $1,190,585,000 after purchasing an additional 65,739 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently issued reports on MS. Royal Bank Of Canada lowered their price target on shares of Morgan Stanley from $243.00 to $195.00 and set a “sector perform” rating on the stock in a research report on Thursday. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Morgan Stanley in a report on Wednesday. Weiss Ratings raised shares of Morgan Stanley from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of Morgan Stanley from $195.00 to $198.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Barclays boosted their target price on shares of Morgan Stanley from $230.00 to $262.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned 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 a consensus target price of $214.86.
View Our Latest Research Report on MS
Morgan Stanley News Roundup
Here are the key news stories impacting Morgan Stanley this week:
- Positive Sentiment: Record wealth-management results, including approximately $9.1 billion in revenue, strong net new assets and $10.5 trillion in wealth assets, reinforced Morgan Stanley’s long-term growth strategy. Morgan Stanley Q3 profit hits $4.9bn on wealth gains and IPO inflows
- Positive Sentiment: Equities trading revenue surged 41% year over year, helping drive the earnings and revenue outperformance. Management also highlighted opportunities from AI financing and disciplined capital allocation. Morgan Stanley Q3 Earnings Call Highlights Wealth and AI Strategy
- Positive Sentiment: Morgan Stanley declared a quarterly dividend of $1.15 per share, equivalent to $4.60 annually and a stated yield of about 2.5%, providing ongoing shareholder support.
- Neutral Sentiment: Analyst sentiment remains mixed: JPMorgan raised its target to $198 while maintaining a Neutral rating, but Citigroup, TD Cowen and KBW lowered their targets to $190, $205 and $230, respectively. Morgan Stanley Analysts Cut Their Forecasts After Q3 Results
- Negative Sentiment: Investors appeared concerned that growth was concentrated in equities and trading, while profitability metrics and the business mix were less compelling. The strong beat therefore did not translate into higher valuation expectations. Morgan Stanley Beats on Earnings, But Shares Fall on Trading Mix
Morgan Stanley Trading Down 0.8%
Shares of MS opened at $180.73 on Friday. The business’s 50-day moving average price is $204.40 and its 200-day moving average price is $203.48. Morgan Stanley has a twelve month low of $152.80 and a twelve month high of $232.25. The stock has a market cap of $285.07 billion, a PE ratio of 14.34, a P/E/G ratio of 1.21 and a beta of 1.22. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 3.65.
Morgan Stanley (NYSE:MS – Get Free Report) last released its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.10. The company had revenue of $20.34 billion during the quarter, compared to analyst estimates of $19.93 billion. Morgan Stanley had a net margin of 15.63% and a return on equity of 19.40%. Morgan Stanley’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the business earned $2.80 earnings per share. On average, equities analysts forecast that Morgan Stanley will post 12.64 EPS for the current fiscal year.
Morgan Stanley Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, October 30th. Morgan Stanley’s dividend payout ratio (DPR) is presently 37.19%.
Morgan Stanley declared that its board has authorized a stock repurchase program on Wednesday, June 24th that permits the company to buy back $20.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 5.6% of its shares through open market purchases. Share repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
Morgan Stanley Company Profile
Morgan Stanley is a global financial services firm serving corporations, governments, financial institutions, individuals and other investors. The company provides investment banking and advisory services, including mergers and acquisitions advice, equity and debt underwriting, securities sales and trading, and corporate lending.
Through its Wealth Management business, Morgan Stanley offers financial planning, brokerage, investment advisory and banking services to individual investors, businesses and institutions.
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