Morgan Stanley $MS Shares Purchased by Calamos Advisors LLC

Calamos Advisors LLC boosted its stake in shares of Morgan Stanley (NYSE:MS) by 45.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 642,158 shares of the financial services provider’s stock after purchasing an additional 199,804 shares during the quarter. Calamos Advisors LLC’s holdings in Morgan Stanley were worth $120,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in MS. Mitsubishi UFJ Financial Group Inc. bought a new position in Morgan Stanley in the second quarter worth about $78,825,883,310. Bank of New York Mellon Corp bought a new stake in shares of Morgan Stanley in the 2nd quarter valued at about $2,040,227,000. Cullen Capital Management LLC bought a new stake in shares of Morgan Stanley in the 2nd quarter valued at about $295,482,000. Renaissance Technologies LLC bought a new stake in shares of Morgan Stanley in the 1st quarter valued at about $110,938,000. Finally, Sei Investments Co. grew its position in shares of Morgan Stanley by 89.7% in the 1st quarter. Sei Investments Co. now owns 1,410,293 shares of the financial services provider’s stock worth $232,092,000 after buying an additional 666,754 shares during the last quarter. Institutional investors own 84.19% of the company’s stock.

Morgan Stanley Stock Performance

MS stock traded down $0.79 during trading on Friday, reaching $181.65. The company had a trading volume of 6,016,485 shares, compared to its average volume of 6,380,605. The firm has a 50-day simple moving average of $195.21 and a 200-day simple moving average of $194.31. 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 1.24 and a beta of 1.23. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.79 and a current ratio of 0.79. Morgan Stanley has a twelve month low of $152.80 and a twelve month high of $232.25.

Morgan Stanley (NYSE:MS) last released its earnings results on Wednesday, October 14th. The financial services provider reported $3.03 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $19.93 billion. During the same quarter in the previous year, the firm earned $2.80 EPS. Morgan Stanley’s revenue was up 11.6% compared to the same quarter last year. As a group, sell-side analysts expect that Morgan Stanley will post 12.83 earnings per share for the current year.

Morgan Stanley Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid 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 presently 36.51%.

Key Headlines Impacting Morgan Stanley

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. The Goldman Sachs Group reiterated a “neutral” rating on shares of Morgan Stanley in a research note on Wednesday, October 14th. JPMorgan Chase & Co. raised their target price on shares of Morgan Stanley from $195.00 to $198.00 and gave the company a “neutral” rating in a research note on Friday, October 16th. UBS Group lifted their price target on shares of Morgan Stanley from $236.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, November 2nd. Freedom Capital raised Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, HSBC increased their price objective on Morgan Stanley from $215.00 to $219.00 and gave the company a “hold” rating in a report on Monday, September 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Morgan Stanley currently has a consensus rating of “Moderate Buy” and an average price target of $214.81.

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.