6,353 Morgan Stanley $MS Shares Bought by AlphaCore Capital LLC

Key Points

• AlphaCore Capital increased its Morgan Stanley stake by 12.9%, adding 6,353 shares to bring its holdings to 55,562 shares, valued at about $10.45 million.
• Morgan Stanley beat quarterly expectations, reporting EPS of $3.03 versus $2.93 expected and revenue of $20.34 billion, up 11.6% year over year.
• The company declared a quarterly dividend of $1.15 per share, equivalent to a 2.5% yield; analysts’ consensus rating was “Moderate Buy” with a $214.81 average price target.

AlphaCore Capital LLC increased its position in shares of Morgan Stanley (NYSE:MS - Free Report) by 12.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,562 shares of the financial services provider's stock after acquiring an additional 6,353 shares during the period. AlphaCore Capital LLC's holdings in Morgan Stanley were worth $10,450,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Financial Group Inc. bought a new position in Morgan Stanley in the second quarter valued at about $78,825,883,310. Bank of New York Mellon Corp bought a new stake in Morgan Stanley during the 2nd quarter worth approximately $2,040,227,000. Cullen Capital Management LLC bought a new stake in Morgan Stanley during the 2nd quarter worth approximately $295,482,000. Renaissance Technologies LLC bought a new stake in Morgan Stanley during the 1st quarter worth approximately $110,938,000. Finally, Sei Investments Co. increased its position in Morgan Stanley by 89.7% in the 1st quarter. Sei Investments Co. now owns 1,410,293 shares of the financial services provider's stock valued at $232,092,000 after acquiring an additional 666,754 shares during the period. Institutional investors and hedge funds own 84.19% of the company's stock.

Morgan Stanley Stock Performance

Shares of MS stock opened at $187.13 on Tuesday. Morgan Stanley has a one year low of $152.80 and a one year high of $232.25. The company has a market cap of $295.15 billion, a P/E ratio of 14.85, a P/E/G ratio of 1.30 and a beta of 1.23. The firm has a 50-day moving average of $194.66 and a 200-day moving average of $194.33. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.79 and a quick ratio of 0.79.

Morgan Stanley (NYSE:MS - Get Free Report) last issued 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. Morgan Stanley had a net margin of 15.63% and a return on equity of 19.40%. The business had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $19.93 billion. During the same period in the prior year, the firm posted $2.80 EPS. The firm's quarterly revenue was up 11.6% compared to the same quarter last year. Equities research analysts forecast that Morgan Stanley will post 12.83 EPS for the current fiscal year.

Morgan Stanley Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, October 30th. This represents a $4.60 annualized dividend and a dividend yield of 2.5%. Morgan Stanley's dividend payout ratio (DPR) is currently 36.51%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MS. Barclays raised their price target on shares of Morgan Stanley from $230.00 to $262.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Royal Bank Of Canada reduced their price objective on shares of Morgan Stanley from $243.00 to $195.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 15th. Erste Group Bank downgraded Morgan Stanley from a "buy" rating to a "hold" rating in a report on Thursday, October 8th. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Morgan Stanley in a research report on Wednesday, October 14th. Finally, Citigroup cut their target price on Morgan Stanley from $210.00 to $190.00 and set a "neutral" rating on the stock in a report on Thursday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $214.81.

More Morgan Stanley News

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

• Positive Sentiment: Vinyl Equity adds tools for cap-table management, equity administration and share transfers across private and public markets. The acquisition also includes digital-asset infrastructure, supporting Morgan Stanley’s effort to connect company equity services with its wealth-management business. Financial terms were not disclosed. Morgan Stanley to Acquire Digital-Native Transfer Agent Vinyl Equity
• Positive Sentiment: The strategic rationale is the opportunity to serve companies and employees through the IPO process and beyond. Coverage cited IPO-related flows as a meaningful contributor to Morgan Stanley’s recent wealth-asset inflows, though the potential benefits depend on IPO activity and successful integration of Vinyl. Morgan Stanley buys Vinyl Equity to capture more IPO wealth
• Neutral Sentiment: A separate report says Morgan Stanley is trimming exposure to data-center construction loans as AI financing shifts toward private-credit funds and asset managers. This changes the bank’s exposure to the sector, but the article does not quantify the financial impact. Morgan Stanley Trims Data Center Loan Exposure As AI Financing Shifts

Morgan Stanley Company Profile

Morgan Stanley is a global financial services company that provides investment banking, securities, wealth management and investment management services to corporations, governments, institutions and individuals.

Its Institutional Securities business offers services such as financial advisory, capital raising, sales and trading, and research. The company also provides financial planning, brokerage and banking services through its Wealth Management business, while its Investment Management business offers investment strategies and portfolio management to a range of clients.

Founded in 1935, Morgan Stanley serves clients in the United States and across international markets, including Europe, the Middle East, Africa and Asia.

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