Ethos Capital Management Inc. purchased a new stake in Morgan Stanley (NYSE:MS – Free Report) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 10,399 shares of the financial services provider’s stock, valued at approximately $1,956,000. Morgan Stanley makes up about 1.3% of Ethos Capital Management Inc.’s portfolio, making the stock its 26th largest holding.
Several other institutional investors and hedge funds also recently made changes to their positions in MS. Crown Wealth Group LLC lifted its stake in shares of Morgan Stanley by 3.2% in the second quarter. Crown Wealth Group LLC now owns 1,532 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 48 shares during the period. Hughes Financial Services LLC increased its position in Morgan Stanley by 55.7% during the 2nd quarter. Hughes Financial Services LLC now owns 137 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 49 shares during the period. Evolution Wealth Management Inc. raised its holdings in Morgan Stanley by 35.7% during the 2nd quarter. Evolution Wealth Management Inc. now owns 194 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 51 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in Morgan Stanley by 0.6% during the 2nd quarter. Financial Management Professionals Inc. now owns 8,245 shares of the financial services provider’s stock worth $1,724,000 after purchasing an additional 52 shares during the last quarter. Finally, Bank OZK lifted its position in shares of Morgan Stanley by 3.0% in the 2nd quarter. Bank OZK now owns 1,815 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.
Morgan Stanley Stock Performance
Shares of MS stock opened at $181.65 on Friday. The company has a market cap of $286.52 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 1.21 and a beta of 1.23. Morgan Stanley has a 52 week low of $152.80 and a 52 week high of $232.25. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 3.65. The firm has a 50 day moving average of $195.21 and a 200-day moving average of $194.31.
Morgan Stanley (NYSE:MS – Get Free Report) last released its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.10. Morgan Stanley had a net margin of 15.63% and a return on equity of 19.40%. The company had revenue of $20.34 billion during the quarter, compared to analyst estimates of $19.93 billion. During the same quarter in the previous year, the business posted $2.80 EPS. Morgan Stanley’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, equities analysts forecast that Morgan Stanley will post 12.83 earnings per share for the current year.
Morgan Stanley Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $4.60 annualized dividend and a yield of 2.5%. Morgan Stanley’s dividend payout ratio is currently 36.51%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on MS shares. Freedom Capital raised shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Erste Group Bank downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Thursday, October 8th. HSBC boosted their target price on shares of Morgan Stanley from $215.00 to $219.00 and gave the company a “hold” rating in a report on Monday, September 28th. TD Cowen cut their price target on shares of Morgan Stanley from $210.00 to $205.00 and set a “hold” rating on the stock in a research report on Thursday, October 15th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $230.00 price target (down from $250.00) on shares of Morgan Stanley in a research report on Thursday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Morgan Stanley presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.81.
Read Our Latest Analysis on MS
More 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.
Featured Stories
- Five stocks we like better than Morgan Stanley
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Want to see what other hedge funds are holding MS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morgan Stanley (NYSE:MS – Free Report).
Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.
