Atria Wealth Solutions Inc. Cuts Holdings in Morgan Stanley $MS

by · The Cerbat Gem

Atria Wealth Solutions Inc. lowered its stake in shares of Morgan Stanley (NYSE:MS – Free Report) by 60.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,958 shares of the financial services provider’s stock after selling 25,695 shares during the period. Atria Wealth Solutions Inc.’s holdings in Morgan Stanley were worth $2,391,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. McLean Asset Management Corp raised its stake in Morgan Stanley by 2.5% during the second quarter. McLean Asset Management Corp now owns 3,007 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 73 shares during the period. Pinnacle Bancorp Inc. increased its stake in Morgan Stanley by 1.5% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 5,022 shares of the financial services provider’s stock worth $707,000 after buying an additional 75 shares during the period. Congress Park Capital LLC increased its stake in Morgan Stanley by 2.4% during the 2nd quarter. Congress Park Capital LLC now owns 3,250 shares of the financial services provider’s stock worth $458,000 after buying an additional 75 shares during the period. Hemington Wealth Management increased its stake in Morgan Stanley by 3.4% during the 2nd quarter. Hemington Wealth Management now owns 2,295 shares of the financial services provider’s stock worth $323,000 after buying an additional 75 shares during the period. Finally, Lantz Financial LLC increased its stake in Morgan Stanley by 4.7% during the 2nd quarter. Lantz Financial LLC now owns 1,800 shares of the financial services provider’s stock worth $254,000 after buying an additional 80 shares during the period. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Morgan Stanley Stock Up 4.2%

Shares of Morgan Stanley stock opened at $161.91 on Thursday. The company has a market cap of $258.46 billion, a P/E ratio of 18.34, a PEG ratio of 1.81 and a beta of 1.32. The company has a debt-to-equity ratio of 3.30, a quick ratio of 0.78 and a current ratio of 0.78. Morgan Stanley has a one year low of $94.33 and a one year high of $166.77. The firm has a fifty day moving average of $152.60 and a two-hundred day moving average of $136.38.

Morgan Stanley (NYSE:MS – Get Free Report) last announced its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.73. The company had revenue of $18.22 billion during the quarter, compared to the consensus estimate of $16.42 billion. Morgan Stanley had a net margin of 13.06% and a return on equity of 15.20%. Morgan Stanley’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.88 EPS. On average, 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 initiated a share buyback plan on Tuesday, July 1st that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 8.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Morgan Stanley from $156.00 to $165.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. BMO Capital Markets initiated coverage on shares of Morgan Stanley in a research note on Friday, October 3rd. They set an “outperform” rating and a $180.00 price target for the company. Keefe, Bruyette & Woods upgraded shares of Morgan Stanley from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $127.00 to $160.00 in a research note on Wednesday, July 9th. Citigroup increased their price target on shares of Morgan Stanley from $130.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, September 26th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Morgan Stanley in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Morgan Stanley presently has an average rating of “Moderate Buy” and an average target price of $154.85.

Check Out Our Latest Analysis on Morgan Stanley

Morgan Stanley Company Profile

(Free Report)

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.

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