Adell Harriman & Carpenter Inc. Sells 247 Shares of Morgan Stanley (NYSE:MS)

Adell Harriman & Carpenter Inc. lowered its position in Morgan Stanley (NYSE:MS) by 0.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 38,573 shares of the financial services provider’s stock after selling 247 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Morgan Stanley were worth $4,021,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in Morgan Stanley during the second quarter worth $25,000. POM Investment Strategies LLC boosted its position in shares of Morgan Stanley by 1,147.6% during the 2nd quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 241 shares in the last quarter. Bank & Trust Co acquired a new stake in shares of Morgan Stanley in the 2nd quarter valued at about $26,000. Northwest Investment Counselors LLC bought a new stake in Morgan Stanley in the 3rd quarter valued at about $26,000. Finally, Bbjs Financial Advisors LLC bought a new stake in Morgan Stanley in the 2nd quarter valued at about $29,000. 84.19% of the stock is owned by institutional investors.

Insider Activity

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $119.17, for a total transaction of $7,150,200.00. Following the sale, the director now owns 138,363 shares of the company’s stock, valued at $16,488,718.71. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MS shares. JMP Securities restated a “market perform” rating on shares of Morgan Stanley in a report on Thursday, July 18th. The Goldman Sachs Group boosted their price target on shares of Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. HSBC raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research note on Friday, October 4th. Citigroup boosted their target price on shares of Morgan Stanley from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. Finally, Oppenheimer downgraded Morgan Stanley from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $109.24.

Morgan Stanley Stock Up 0.2 %

Shares of NYSE MS opened at $119.37 on Wednesday. The business’s fifty day moving average price is $106.06 and its 200-day moving average price is $100.74. Morgan Stanley has a one year low of $69.42 and a one year high of $121.45. The stock has a market capitalization of $194.00 billion, a PE ratio of 18.17, a P/E/G ratio of 1.10 and a beta of 1.36. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.78 and a quick ratio of 0.78.

Morgan Stanley Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.925 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $3.70 annualized dividend and a dividend yield of 3.10%. Morgan Stanley’s payout ratio is 56.32%.

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.