Burton Enright Welch Acquires New Stake in Morgan Stanley $MS

Burton Enright Welch acquired a new position in shares of Morgan Stanley (NYSE:MS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,275 shares of the financial services provider’s stock, valued at approximately $616,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Beverly Hills Private Wealth LLC increased its holdings in Morgan Stanley by 11.0% during the 3rd quarter. Beverly Hills Private Wealth LLC now owns 6,729 shares of the financial services provider’s stock valued at $1,266,000 after purchasing an additional 669 shares in the last quarter. Hohimer Wealth Management LLC boosted its stake in Morgan Stanley by 5.6% in the third quarter. Hohimer Wealth Management LLC now owns 1,190 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 63 shares in the last quarter. Carret Asset Management LLC boosted its stake in Morgan Stanley by 2.3% in the third quarter. Carret Asset Management LLC now owns 35,297 shares of the financial services provider’s stock worth $6,639,000 after purchasing an additional 781 shares in the last quarter. Almanack Investment Partners LLC. boosted its stake in Morgan Stanley by 5.7% in the third quarter. Almanack Investment Partners LLC. now owns 1,792 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 96 shares in the last quarter. Finally, M Holdings Securities Inc. bought a new stake in shares of Morgan Stanley during the third quarter worth $1,982,000. 84.19% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley Stock Up 0.1%

Shares of MS opened at $181.65 on Monday. The firm has a market capitalization of $286.52 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 1.21 and a beta of 1.23. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.79 and a current ratio of 0.79. The business’s fifty day moving average price is $195.21 and its two-hundred day moving average price is $194.31. Morgan Stanley has a 52 week low of $152.80 and a 52 week 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 analysts’ consensus estimates of $2.93 by $0.10. The company had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $19.93 billion. Morgan Stanley had a return on equity of 19.26% and a net margin of 15.63%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.80 earnings per share. On average, analysts predict that Morgan Stanley will post 12.83 earnings per share for the current year.

Morgan Stanley Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders 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 yield of 2.5%. The ex-dividend date of this dividend is Friday, October 30th. Morgan Stanley’s payout ratio is currently 36.51%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Morgan Stanley in a research note on Tuesday, November 3rd. Zacks Research cut Morgan Stanley from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 30th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Morgan Stanley in a research report on Wednesday, October 14th. Freedom Capital raised shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Finally, Royal Bank Of Canada lowered their price objective on shares of Morgan Stanley from $243.00 to $195.00 and set a “sector perform” rating for the company in a research report on Thursday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $214.81.

Morgan Stanley News Roundup

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

Morgan Stanley Company Profile

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.