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

MGO One Seven LLC decreased its position in Morgan Stanley (NYSE:MS) by 20.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MS. Marquette Asset Management LLC raised its holdings in Morgan Stanley by 143.4% during the 2nd quarter. Marquette Asset Management LLC now owns 129 shares of the financial services provider’s stock valued at $27,000 after buying an additional 76 shares during the period. Atlatl Advisers LLC bought a new stake in Morgan Stanley during the 2nd quarter valued at $28,000. Hughes Financial Services LLC lifted its stake in Morgan Stanley by 55.7% in the second quarter. Hughes Financial Services LLC now owns 137 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 49 shares during the period. Security National Bank of SO Dak purchased a new stake in shares of Morgan Stanley in the 2nd quarter worth approximately $31,000. Finally, Community Financial Services Group LLC lifted its holdings in Morgan Stanley by 297.4% during the second quarter. Community Financial Services Group LLC now owns 151 shares of the financial services provider’s stock worth $32,000 after buying an additional 113 shares during the period. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

Morgan Stanley Price Performance

NYSE:MS opened at $185.57 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65. Morgan Stanley has a 12 month low of $152.80 and a 12 month high of $232.25. The firm has a market cap of $292.69 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 1.27 and a beta of 1.22. The stock has a 50 day moving average of $197.54 and a two-hundred day moving average of $194.30.

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

Morgan Stanley Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a dividend of $1.15 per share. 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%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Bank of America raised their price objective on Morgan Stanley from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. 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 research report on Thursday, July 16th. HSBC upped their price target 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. Finally, Erste Group Bank lowered Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Thursday, October 8th. Two equities 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Morgan Stanley currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.81.

Morgan Stanley News Summary

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 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.