BDO Wealth Advisors LLC Has $94,000 Stock Holdings in Morgan Stanley (NYSE:MS)

Posted by Defense World Staff on Apr 13th, 2023

BDO Wealth Advisors LLC boosted its holdings in shares of Morgan Stanley (NYSE:MS – Get Rating) by 83.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,106 shares of the financial services provider’s stock after buying an additional 504 shares during the period. BDO Wealth Advisors LLC’s holdings in Morgan Stanley were worth $94,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Clearstead Advisors LLC raised its holdings in Morgan Stanley by 5.3% during the third quarter. Clearstead Advisors LLC now owns 3,562 shares of the financial services provider’s stock worth $281,000 after buying an additional 179 shares during the last quarter. Edgestream Partners L.P. raised its holdings in Morgan Stanley by 6.7% during the third quarter. Edgestream Partners L.P. now owns 39,183 shares of the financial services provider’s stock worth $3,096,000 after buying an additional 2,451 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Morgan Stanley by 38.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 25,353 shares of the financial services provider’s stock valued at $2,156,000 after purchasing an additional 7,072 shares during the last quarter. Capital Investment Advisory Services LLC lifted its position in shares of Morgan Stanley by 82.6% during the third quarter. Capital Investment Advisory Services LLC now owns 7,205 shares of the financial services provider’s stock valued at $569,000 after purchasing an additional 3,259 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Morgan Stanley by 35.9% during the third quarter. Assetmark Inc. now owns 104,285 shares of the financial services provider’s stock valued at $8,240,000 after purchasing an additional 27,536 shares in the last quarter. Institutional investors and hedge funds own 83.48% of the company’s stock.

Insider Activity

In other news, insider Daniel A. Simkowitz sold 44,910 shares of the firm’s stock in a transaction that occurred on Wednesday, January 18th. The shares were sold at an average price of $97.05, for a total value of $4,358,515.50. Following the completion of the transaction, the insider now directly owns 348,531 shares in the company, valued at $33,824,933.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Daniel A. Simkowitz sold 44,910 shares of the firm’s stock in a transaction that occurred on Wednesday, January 18th. The shares were sold at an average price of $97.05, for a total value of $4,358,515.50. Following the completion of the transaction, the insider now directly owns 348,531 shares in the company, valued at $33,824,933.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew M. Saperstein sold 24,556 shares of Morgan Stanley stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $98.23, for a total transaction of $2,412,135.88. Following the sale, the insider now owns 190,440 shares of the company’s stock, valued at $18,706,921.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 341,699 shares of company stock worth $33,143,046. 0.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MS has been the topic of a number of recent analyst reports. Citigroup lowered shares of Morgan Stanley from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research report on Wednesday, January 18th. Odeon Capital Group raised shares of Morgan Stanley from a “sell” rating to a “hold” rating and set a $88.75 price target on the stock in a research report on Tuesday, January 10th. Wells Fargo & Company dropped their price target on shares of Morgan Stanley from $89.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, April 3rd. Evercore ISI dropped their price target on shares of Morgan Stanley from $106.00 to $104.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 5th. Finally, StockNews.com initiated coverage on shares of Morgan Stanley in a research report on Thursday, March 16th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $94.87.

Morgan Stanley Price Performance

MS opened at $85.47 on Thursday. The company has a market capitalization of $143.76 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 1.49 and a beta of 1.34. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.57. The firm has a 50-day moving average price of $92.52 and a 200-day moving average price of $88.74. Morgan Stanley has a twelve month low of $72.05 and a twelve month high of $100.99.

Morgan Stanley (NYSE:MS – Get Rating) last posted its earnings results on Tuesday, January 17th. The financial services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.06. The firm had revenue of $12.75 billion during the quarter, compared to the consensus estimate of $12.16 billion. Morgan Stanley had a net margin of 16.73% and a return on equity of 12.06%. Equities analysts expect that Morgan Stanley will post 7.05 EPS for the current year.

Morgan Stanley Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Tuesday, January 31st were given a $0.775 dividend. The ex-dividend date of this dividend was Monday, January 30th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.63%. Morgan Stanley’s dividend payout ratio (DPR) is currently 50.49%.

Morgan Stanley Company Profile

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Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following segments: Institutional Securities, Wealth Management, and Investment Management.