Eagle Strategies LLC Sells 114 Shares of Morgan Stanley (NYSE:MS)

Eagle Strategies LLC trimmed its holdings in shares of Morgan Stanley (NYSE:MS) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,723 shares of the financial services provider’s stock after selling 114 shares during the quarter. Eagle Strategies LLC’s holdings in Morgan Stanley were worth $284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Capital International Investors lifted its position in shares of Morgan Stanley by 16.3% during the first quarter. Capital International Investors now owns 28,481,070 shares of the financial services provider’s stock worth $2,681,778,000 after purchasing an additional 3,981,528 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Morgan Stanley by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 12,875,677 shares of the financial services provider’s stock valued at $1,251,387,000 after acquiring an additional 303,654 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Morgan Stanley by 2.0% in the second quarter. Legal & General Group Plc now owns 10,597,493 shares of the financial services provider’s stock valued at $1,029,970,000 after acquiring an additional 212,551 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Morgan Stanley by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 8,834,372 shares of the financial services provider’s stock valued at $858,573,000 after acquiring an additional 242,896 shares in the last quarter. Finally, Boston Partners raised its holdings in shares of Morgan Stanley by 0.8% in the first quarter. Boston Partners now owns 7,151,492 shares of the financial services provider’s stock valued at $672,969,000 after acquiring an additional 57,104 shares in the last quarter. 84.19% of the stock is currently owned by institutional investors.

Morgan Stanley Price Performance

Shares of NYSE MS opened at $117.94 on Thursday. Morgan Stanley has a 52 week low of $70.27 and a 52 week high of $121.45. The firm has a market cap of $191.67 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.10 and a beta of 1.36. The business’s 50 day moving average price is $106.40 and its 200 day moving average price is $100.86. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.96.

Morgan Stanley Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.925 dividend. This represents a $3.70 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, October 31st. Morgan Stanley’s payout ratio is presently 56.32%.

Analysts Set New Price Targets

Several analysts recently weighed in on MS shares. Oppenheimer downgraded Morgan Stanley from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. BMO Capital Markets lifted their price objective on Morgan Stanley from $116.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Hsbc Global Res upgraded Morgan Stanley from a “hold” rating to a “strong-buy” rating in a report 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 report on Wednesday, July 17th. Finally, UBS Group boosted their target price on shares of Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Morgan Stanley presently has an average rating of “Hold” and a consensus price target of $109.24.

Insider Buying and Selling at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the business’s 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 directly owns 138,363 shares of the company’s stock, valued at approximately $16,488,718.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.24% of the stock is currently owned by corporate insiders.

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.