Consilio Wealth Advisors LLC Invests $270,000 in Morgan Stanley $MS

Consilio Wealth Advisors LLC bought a new position in shares of Morgan Stanley (NYSE:MS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,922 shares of the financial services provider’s stock, valued at approximately $270,000.

Other institutional investors also recently modified their holdings of the company. Meridian Wealth Management LLC raised its position in shares of Morgan Stanley by 34.3% during the first quarter. Meridian Wealth Management LLC now owns 23,869 shares of the financial services provider’s stock worth $2,785,000 after purchasing an additional 6,092 shares during the period. Headlands Technologies LLC bought a new stake in Morgan Stanley during the first quarter worth $57,000. AGF Management Ltd. grew its holdings in Morgan Stanley by 55.9% during the first quarter. AGF Management Ltd. now owns 327,978 shares of the financial services provider’s stock worth $38,265,000 after buying an additional 117,615 shares in the last quarter. Tlwm grew its holdings in Morgan Stanley by 1.8% during the first quarter. Tlwm now owns 13,863 shares of the financial services provider’s stock worth $1,617,000 after buying an additional 248 shares in the last quarter. Finally, Alley Investment Management Company LLC grew its holdings in Morgan Stanley by 75.0% during the first quarter. Alley Investment Management Company LLC now owns 62,469 shares of the financial services provider’s stock worth $7,288,000 after buying an additional 26,763 shares in the last quarter. 84.19% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley Stock Down 1.6%

Shares of NYSE:MS opened at $160.01 on Friday. The company has a market capitalization of $255.43 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 1.90 and a beta of 1.32. The company has a debt-to-equity ratio of 3.30, a current ratio of 0.78 and a quick ratio of 0.78. The business has a fifty day moving average price of $152.98 and a two-hundred day moving average price of $136.68. Morgan Stanley has a 1 year low of $94.33 and a 1 year high of $166.77.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data 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 the consensus estimate of $16.42 billion. Morgan Stanley had a return on equity of 16.55% and a net margin of 13.85%.The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.88 EPS. Analysts forecast that Morgan Stanley will post 8.56 earnings per share for the current year.

Morgan Stanley declared that its Board of Directors has approved a share repurchase plan on Tuesday, July 1st that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 8.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Morgan Stanley Dividend Announcement

The company also recently declared 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. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, October 31st. Morgan Stanley’s dividend payout ratio is currently 41.03%.

Analyst Ratings Changes

Several brokerages recently issued reports on MS. Keefe, Bruyette & Woods upped their price target on Morgan Stanley from $176.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday. BMO Capital Markets began coverage on Morgan Stanley in a report on Friday, October 3rd. They set an “outperform” rating and a $180.00 price target for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Morgan Stanley in a report on Wednesday, October 8th. Jefferies Financial Group upped their price target on Morgan Stanley from $175.00 to $186.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company upped their price target on Morgan Stanley from $165.00 to $177.00 and gave the stock an “equal weight” rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $165.54.

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.