Horizon Wealth Management LLC Has $339,000 Position in Morgan Stanley $MS

Horizon Wealth Management LLC reduced its holdings in Morgan Stanley (NYSE:MS) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,405 shares of the financial services provider’s stock after selling 89 shares during the period. Horizon Wealth Management LLC’s holdings in Morgan Stanley were worth $339,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. World Investment Advisors increased its stake in Morgan Stanley by 7.4% in the 2nd quarter. World Investment Advisors now owns 21,076 shares of the financial services provider’s stock valued at $2,969,000 after buying an additional 1,460 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in Morgan Stanley by 1.9% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 4,567 shares of the financial services provider’s stock valued at $643,000 after buying an additional 87 shares during the last quarter. Daymark Wealth Partners LLC increased its stake in Morgan Stanley by 5.7% in the 2nd quarter. Daymark Wealth Partners LLC now owns 5,655 shares of the financial services provider’s stock valued at $797,000 after buying an additional 303 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. acquired a new stake in Morgan Stanley in the 2nd quarter valued at $225,000. Finally, Beirne Wealth Consulting Services LLC acquired a new stake in Morgan Stanley in the 2nd quarter valued at $228,000. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Morgan Stanley from $122.00 to $157.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Evercore ISI boosted their price objective on shares of Morgan Stanley from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Morgan Stanley in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. Finally, UBS Group boosted their price objective on shares of Morgan Stanley from $156.00 to $165.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.23.

Morgan Stanley Stock Performance

Shares of MS stock opened at $163.84 on Thursday. The company has a market capitalization of $261.55 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 1.71 and a beta of 1.32. The company has a debt-to-equity ratio of 3.30, a quick ratio of 0.78 and a current ratio of 0.78. The company has a 50-day simple moving average of $155.93 and a 200 day simple moving average of $140.51. Morgan Stanley has a 52 week low of $94.33 and a 52 week high of $167.13.

Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, October 15th. The financial services provider reported $2.80 EPS for the quarter, topping the consensus estimate of $2.07 by $0.73. The business had revenue of $18.22 billion during the quarter, compared to the consensus estimate of $16.42 billion. Morgan Stanley had a net margin of 13.85% and a return on equity of 16.55%. Morgan Stanley’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.88 EPS. On average, sell-side analysts predict that Morgan Stanley will post 8.56 earnings per share for the current year.

Morgan Stanley Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. Morgan Stanley’s payout ratio is presently 41.03%.

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.