Noesis Capital Mangement Corp Buys Shares of 1,655 Morgan Stanley $MS

Noesis Capital Mangement Corp bought a new stake in shares of Morgan Stanley (NYSE:MS) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,655 shares of the financial services provider’s stock, valued at approximately $233,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Morgan Stanley by 111.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 211 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 111 shares during the period. Princeton Global Asset Management LLC boosted its holdings in shares of Morgan Stanley by 645.8% during the second quarter. Princeton Global Asset Management LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 155 shares during the period. Hopwood Financial Services Inc. boosted its holdings in shares of Morgan Stanley by 50.0% during the first quarter. Hopwood Financial Services Inc. now owns 264 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 88 shares during the period. Abound Wealth Management boosted its holdings in shares of Morgan Stanley by 58.5% during the second quarter. Abound Wealth Management now owns 252 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 93 shares during the period. Finally, RMG Wealth Management LLC acquired a new position in shares of Morgan Stanley during the second quarter valued at $35,000. Institutional investors own 84.19% of the company’s stock.

Morgan Stanley Stock Performance

Shares of MS opened at $163.84 on Thursday. The firm has a 50-day moving average price of $155.93 and a 200 day moving average price of $140.51. The firm has a market capitalization of $261.55 billion, a PE ratio of 16.80, a P/E/G ratio of 1.71 and a beta of 1.32. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 3.30. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.73. The firm had revenue of $18.22 billion during the quarter, compared to analyst estimates 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 prior year, the firm posted $1.88 EPS. On average, sell-side analysts anticipate that Morgan Stanley will post 8.56 earnings per share for the current fiscal year.

Morgan Stanley Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a dividend of $1.00 per share. The ex-dividend date is Friday, October 31st. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. Morgan Stanley’s dividend payout ratio (DPR) is 41.03%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MS shares. The Goldman Sachs Group boosted their price target on shares of Morgan Stanley from $145.00 to $164.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. Citigroup boosted their price target on shares of Morgan Stanley from $155.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Keefe, Bruyette & Woods boosted their price target on shares of Morgan Stanley from $176.00 to $184.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Morgan Stanley in a report on Wednesday, October 8th. Finally, Wells Fargo & Company upped their price objective on shares of Morgan Stanley from $165.00 to $177.00 and gave the stock an “equal weight” rating in a report on Thursday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.23.

Morgan Stanley Profile

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.