Adell Harriman & Carpenter Inc. lowered its position in Morgan Stanley (NYSE:MS – Free Report) 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
Get Our Latest Stock Report on MS
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.
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