Cyndeo Wealth Partners LLC Sells 16,033 Shares of Morgan Stanley $MS

Cyndeo Wealth Partners LLC lowered its holdings in Morgan Stanley (NYSE:MS) by 22.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,806 shares of the financial services provider’s stock after selling 16,033 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Morgan Stanley were worth $10,308,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MS. Mitsubishi UFJ Financial Group Inc. bought a new position in shares of Morgan Stanley in the second quarter worth approximately $78,825,883,310. Bank of America Corp DE lifted its position in Morgan Stanley by 0.5% during the first quarter. Bank of America Corp DE now owns 16,326,676 shares of the financial services provider’s stock valued at $2,686,881,000 after purchasing an additional 87,533 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 Morgan Stanley in the 2nd quarter worth approximately $2,040,227,000. Finally, Dimensional Fund Advisors LP grew its stake in Morgan Stanley by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,235,756 shares of the financial services provider’s stock worth $1,190,585,000 after buying an additional 65,739 shares in the last quarter. Institutional investors own 84.19% of the company’s stock.

Morgan Stanley Trading Down 0.8%

Shares of MS opened at $180.73 on Friday. Morgan Stanley has a fifty-two week low of $152.80 and a fifty-two week high of $232.25. The firm has a market cap of $285.07 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 1.21 and a beta of 1.22. The firm has a 50 day moving average price of $204.40 and a 200-day moving average price of $203.48. 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 (NYSE:MS) last released its earnings results on Wednesday, October 14th. The financial services provider reported $3.03 EPS for the quarter, beating the consensus estimate 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 net margin of 15.63% and a return on equity of 19.40%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.80 EPS. As a group, equities research analysts forecast that Morgan Stanley will post 12.64 earnings per share for the current year.

Morgan Stanley announced that its board has authorized a share repurchase plan on Wednesday, June 24th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire up to 5.6% of its stock through open market purchases. Share repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Morgan Stanley Announces Dividend

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 dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, October 30th. Morgan Stanley’s dividend payout ratio is presently 37.19%.

Trending Headlines about Morgan Stanley

Here are the key news stories impacting Morgan Stanley this week:

• Positive Sentiment: Record wealth-management results, including approximately $9.1 billion in revenue, strong net new assets and $10.5 trillion in wealth assets, reinforced Morgan Stanley’s long-term growth strategy. Morgan Stanley Q3 profit hits $4.9bn on wealth gains and IPO inflows
• Positive Sentiment: Equities trading revenue surged 41% year over year, helping drive the earnings and revenue outperformance. Management also highlighted opportunities from AI financing and disciplined capital allocation. Morgan Stanley Q3 Earnings Call Highlights Wealth and AI Strategy
• Positive Sentiment: Morgan Stanley declared a quarterly dividend of $1.15 per share, equivalent to $4.60 annually and a stated yield of about 2.5%, providing ongoing shareholder support.
• Neutral Sentiment: Analyst sentiment remains mixed: JPMorgan raised its target to $198 while maintaining a Neutral rating, but Citigroup, TD Cowen and KBW lowered their targets to $190, $205 and $230, respectively. Morgan Stanley Analysts Cut Their Forecasts After Q3 Results
• Negative Sentiment: Investors appeared concerned that growth was concentrated in equities and trading, while profitability metrics and the business mix were less compelling. The strong beat therefore did not translate into higher valuation expectations. Morgan Stanley Beats on Earnings, But Shares Fall on Trading Mix

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MS shares. HSBC raised their price objective on shares of Morgan Stanley from $215.00 to $219.00 and gave the company a “hold” rating in a research report on Monday, September 28th. Rothschild & Co Redburn upped their target price on shares of Morgan Stanley from $183.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. TD Cowen reduced their target price on Morgan Stanley from $210.00 to $205.00 and set a “hold” rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $230.00 target price (down from $250.00) on shares of Morgan Stanley in a research note on Thursday. Finally, Bank of America raised their price target on Morgan Stanley from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Two 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 given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $214.86.

Morgan Stanley Company Profile

Morgan Stanley is a global financial services firm serving corporations, governments, financial institutions, individuals and other investors. The company provides investment banking and advisory services, including mergers and acquisitions advice, equity and debt underwriting, securities sales and trading, and corporate lending.

Through its Wealth Management business, Morgan Stanley offers financial planning, brokerage, investment advisory and banking services to individual investors, businesses and institutions.