Hourglass Capital LLC Sells 5,590 Shares of Morgan Stanley $MS

Key Points

• Hourglass Capital reduced its Morgan Stanley stake by 8.8%, selling 5,590 shares during the third quarter and retaining 57,930 shares worth approximately $10.9 million. Institutional investors own 84.19% of the company.
• Morgan Stanley reported quarterly earnings of $3.03 per share, exceeding estimates of $2.93, while revenue rose 11.6% year over year to $20.34 billion.
• The company declared a $1.15 quarterly dividend, equivalent to a $4.60 annualized payout and a 2.5% yield. Analysts have a consensus “Moderate Buy” rating with an average price target of $214.62.

Hourglass Capital LLC decreased its stake in shares of Morgan Stanley (NYSE:MS - Free Report) by 8.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 57,930 shares of the financial services provider's stock after selling 5,590 shares during the quarter. Morgan Stanley accounts for about 2.2% of Hourglass Capital LLC's investment portfolio, making the stock its 9th biggest position. Hourglass Capital LLC's holdings in Morgan Stanley were worth $10,895,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MS. Leo Wealth LLC bought a new stake in shares of Morgan Stanley in the 3rd quarter worth approximately $492,000. Apollon Wealth Management LLC raised its stake in Morgan Stanley by 4.6% during the third quarter. Apollon Wealth Management LLC now owns 124,712 shares of the financial services provider's stock worth $23,456,000 after acquiring an additional 5,538 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of Morgan Stanley by 2.2% during the third quarter. Kingswood Wealth Advisors LLC now owns 10,633 shares of the financial services provider's stock valued at $2,000,000 after acquiring an additional 228 shares during the period. Paladin Wealth LLC lifted its holdings in shares of Morgan Stanley by 4.1% during the third quarter. Paladin Wealth LLC now owns 7,371 shares of the financial services provider's stock valued at $1,386,000 after acquiring an additional 292 shares during the period. Finally, Revolve Wealth Partners LLC boosted its stake in shares of Morgan Stanley by 3.2% in the 3rd quarter. Revolve Wealth Partners LLC now owns 2,220 shares of the financial services provider's stock valued at $418,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 84.19% of the company's stock.

Morgan Stanley Stock Up 2.3%

Shares of NYSE MS opened at $183.56 on Tuesday. Morgan Stanley has a 12-month low of $152.80 and a 12-month high of $232.25. The firm's 50-day simple moving average is $200.91 and its 200 day simple moving average is $194.26. 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 company has a market cap of $289.52 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 1.20 and a beta of 1.22.

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

Morgan Stanley Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, October 30th. Morgan Stanley's payout ratio is 36.51%.

Analyst Ratings Changes

A number of brokerages recently issued reports on MS. Zacks Research cut shares of Morgan Stanley from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 30th. Evercore restated an "outperform" rating on shares of Morgan Stanley in a research report on Monday, July 6th. JPMorgan Chase & Co. upped their price objective on shares of Morgan Stanley from $195.00 to $198.00 and gave the stock a "neutral" rating in a research note on Friday, October 16th. Freedom Capital raised shares of Morgan Stanley from a "hold" rating to a "strong-buy" rating in a report on Friday, July 17th. Finally, Weiss Ratings raised shares of Morgan Stanley from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 5th. Two equities research 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, Morgan Stanley presently has an average rating of "Moderate Buy" and a consensus target price of $214.62.

Key Headlines Impacting Morgan Stanley

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

• Positive Sentiment: Morgan Stanley Investment Management acquired a Virginia industrial facility for approximately $172 million, highlighting continued expansion of its private real-estate and alternative-investment platform. Morgan Stanley Investment Management Acquires Virginia Industrial Facility
• Positive Sentiment: The firm reaffirmed a $1.15 quarterly common-stock dividend following third-quarter results, supporting the investment case through ongoing shareholder distributions. Morgan Stanley Earnings and Dividend Update
• Positive Sentiment: Morgan Stanley’s wealth-management division is advancing an artificial-intelligence strategy focused on improving data infrastructure and advisor tools, potentially supporting longer-term productivity and client-retention gains. Morgan Stanley Wealth Management AI Strategy
• Neutral Sentiment: Analyst commentary is comparing Morgan Stanley with Goldman Sachs after third-quarter results; Goldman’s stronger investment-banking growth and lower valuation may make it the preferred stock for some investors, even though Morgan Stanley offers greater wealth-management exposure. Goldman or Morgan Stanley: Which Stock Is Better Bet Post Q3 Results?
• Negative Sentiment: Morgan Stanley strategists are becoming more cautious on semiconductor stocks, warning that technical support could be as much as 15% below current levels. Broader risk-management concerns may temper enthusiasm for financial stocks as well. Morgan Stanley Semiconductor Market Outlook

Morgan Stanley Company Profile

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.

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