3,071 Shares of Morgan Stanley $MS Acquired by TSG Advice Partners LLC

TSG Advice Partners LLC bought a new position in Morgan Stanley (NYSE:MS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,071 shares of the financial services provider’s stock, valued at approximately $578,000.

Several other hedge funds and other institutional investors have also bought and sold shares of MS. Mitsubishi UFJ Financial Group Inc. purchased a new stake in shares of Morgan Stanley during the 2nd quarter valued at about $78,825,883,310. Bank of America Corp DE grew its stake in shares of Morgan Stanley by 0.5% in the first quarter. Bank of America Corp DE now owns 16,326,676 shares of the financial services provider’s stock worth $2,686,881,000 after acquiring an additional 87,533 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Morgan Stanley by 1.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,206,144 shares of the financial services provider’s stock valued at $2,342,532,000 after purchasing an additional 188,296 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Morgan Stanley during the second quarter valued at approximately $2,040,227,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Morgan Stanley by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,235,756 shares of the financial services provider’s stock valued at $1,190,585,000 after purchasing an additional 65,739 shares during the last quarter. Institutional investors own 84.19% of the company’s stock.

More Morgan Stanley News

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 Price Performance

Shares of NYSE:MS opened at $185.57 on Tuesday. The firm’s 50 day moving average price is $197.54 and its 200-day moving average price is $194.30. Morgan Stanley has a twelve month low of $152.80 and a twelve month 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 stock has a market capitalization of $292.69 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.27 and a beta of 1.22.

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

Morgan Stanley Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a $1.15 dividend. The ex-dividend date is Friday, October 30th. This represents a $4.60 annualized dividend and a yield of 2.5%. Morgan Stanley’s dividend payout ratio (DPR) is presently 36.51%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MS. Keefe, Bruyette & Woods restated an “outperform” rating and set a $230.00 price objective (down from $250.00) on shares of Morgan Stanley in a research report on Thursday, October 15th. Evercore reaffirmed an “outperform” rating on shares of Morgan Stanley in a research report on Monday, July 6th. HSBC increased their price target on Morgan Stanley from $215.00 to $219.00 and gave the company a “hold” rating in a report on Monday, September 28th. TD Cowen dropped their price target on Morgan Stanley from $210.00 to $205.00 and set a “hold” rating on the stock in a research note on Thursday, October 15th. Finally, Zacks Research lowered Morgan Stanley from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $214.81.

About Morgan Stanley

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.