Atlanta Consulting Group Advisors LLC bought a new stake in Morgan Stanley (NYSE:MS - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 4,979 shares of the financial services provider's stock, valued at approximately $519,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Northwest Investment Counselors LLC acquired a new position in Morgan Stanley in the third quarter valued at approximately $26,000. Opal Wealth Advisors LLC purchased a new position in Morgan Stanley in the second quarter worth $25,000. POM Investment Strategies LLC raised its position in Morgan Stanley by 1,147.6% in the second quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider's stock worth $25,000 after acquiring an additional 241 shares in the last quarter. Bank & Trust Co purchased a new position in Morgan Stanley in the second quarter worth $26,000. Finally, Bbjs Financial Advisors LLC purchased a new position in Morgan Stanley in the second quarter worth $29,000. 84.19% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have issued reports on MS. Royal Bank of Canada increased their price objective on Morgan Stanley from $108.00 to $122.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 17th. The Goldman Sachs Group increased their price objective on Morgan Stanley from $106.00 to $121.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Jefferies Financial Group upped their target price on Morgan Stanley from $120.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, October 17th. Barclays upped their target price on Morgan Stanley from $121.00 to $135.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. Finally, UBS Group upped their target price on Morgan Stanley from $102.00 to $112.00 and gave the company a "neutral" rating in a report on Tuesday, October 8th. Eleven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $111.29.
Check Out Our Latest Analysis on MS
Morgan Stanley Trading Down 0.2 %
Shares of Morgan Stanley stock traded down $0.28 during trading hours on Monday, reaching $133.78. The stock had a trading volume of 6,356,395 shares, compared to its average volume of 7,090,143. The firm has a 50 day simple moving average of $112.55 and a two-hundred day simple moving average of $103.93. The firm has a market capitalization of $215.52 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 1.25 and a beta of 1.34. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.14. Morgan Stanley has a 1 year low of $76.33 and a 1 year high of $135.51.
Morgan Stanley (NYSE:MS - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.31. The company had revenue of $15.38 billion for the quarter, compared to the consensus estimate of $14.27 billion. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. As a group, equities research analysts anticipate that Morgan Stanley will post 7.32 earnings per share for the current year.
Morgan Stanley Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.925 per share. The ex-dividend date was Thursday, October 31st. This represents a $3.70 annualized dividend and a dividend yield of 2.77%. Morgan Stanley's payout ratio is currently 56.32%.
Insider Activity at Morgan Stanley
In other news, Director Stephen J. Luczo sold 60,000 shares of Morgan Stanley stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $119.17, for a total value of $7,150,200.00. Following the completion of the transaction, the director now owns 138,363 shares in the company, valued at approximately $16,488,718.71. This trade represents a 30.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.24% of the company's stock.
Morgan Stanley Company Profile
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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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