6 Meridian boosted its holdings in shares of Morgan Stanley (NYSE:MS) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,049 shares of the financial services provider’s stock after buying an additional 13,621 shares during the period. 6 Meridian’s holdings in Morgan Stanley were worth $8,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in MS. Lourd Capital LLC increased its holdings in shares of Morgan Stanley by 2.2% in the second quarter. Lourd Capital LLC now owns 10,652 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 233 shares during the period. Outlook Wealth Advisors LLC grew its holdings in Morgan Stanley by 3.2% during the third quarter. Outlook Wealth Advisors LLC now owns 7,766 shares of the financial services provider’s stock worth $331,000 after acquiring an additional 240 shares during the period. Sandy Spring Bank grew its holdings in Morgan Stanley by 26.2% during the second quarter. Sandy Spring Bank now owns 1,262 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 262 shares during the period. Captrust Financial Advisors grew its holdings in Morgan Stanley by 1.3% during the second quarter. Captrust Financial Advisors now owns 22,908 shares of the financial services provider’s stock worth $1,004,000 after acquiring an additional 285 shares during the period. Finally, Convergence Investment Partners LLC grew its holdings in Morgan Stanley by 0.7% during the second quarter. Convergence Investment Partners LLC now owns 43,074 shares of the financial services provider’s stock worth $1,887,000 after acquiring an additional 293 shares during the period. 83.68% of the stock is currently owned by institutional investors.
MS has been the topic of several analyst reports. Pritchard Capital raised Morgan Stanley to a “buy” rating and set a $48.00 target price on the stock in a report on Thursday, October 10th. ValuEngine upgraded Morgan Stanley from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup upgraded Morgan Stanley from a “neutral” rating to a “buy” rating and increased their price target for the stock from $48.00 to $52.00 in a research report on Friday, July 12th. Sandler O’Neill upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Thursday, October 10th. Finally, Oppenheimer set a $65.00 price target on Morgan Stanley and gave the stock a “buy” rating in a research report on Friday, July 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $54.62.
Shares of MS stock opened at $45.38 on Wednesday. The company has a market capitalization of $74.34 billion, a P/E ratio of 10.00, a P/E/G ratio of 1.25 and a beta of 1.35. The business’s 50 day moving average is $42.74 and its two-hundred day moving average is $43.52. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.66. Morgan Stanley has a 12-month low of $36.74 and a 12-month high of $48.67.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. The company had revenue of $10.03 billion for the quarter, compared to the consensus estimate of $9.63 billion. Morgan Stanley had a return on equity of 10.91% and a net margin of 15.99%. Morgan Stanley’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.17 earnings per share. On average, research analysts predict that Morgan Stanley will post 4.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.35 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $1.40 annualized dividend and a dividend yield of 3.09%. Morgan Stanley’s dividend payout ratio (DPR) is presently 30.37%.
About Morgan Stanley
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.
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