Goldstone Financial Group LLC Takes Position in Morgan Stanley (NYSE:MS)

Goldstone Financial Group LLC acquired a new position in Morgan Stanley (NYSE:MS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,664 shares of the financial services provider’s stock, valued at approximately $486,000.

Other large investors also recently bought and sold shares of the company. Financial Advocates Investment Management purchased a new stake in shares of Morgan Stanley during the 3rd quarter worth $274,000. Oak Harvest Investment Services lifted its position in shares of Morgan Stanley by 4.8% during the third quarter. Oak Harvest Investment Services now owns 141,014 shares of the financial services provider’s stock valued at $14,699,000 after buying an additional 6,473 shares during the last quarter. SteelPeak Wealth LLC boosted its holdings in shares of Morgan Stanley by 166.9% in the 3rd quarter. SteelPeak Wealth LLC now owns 57,338 shares of the financial services provider’s stock valued at $5,977,000 after buying an additional 35,852 shares in the last quarter. Diversify Wealth Management LLC raised its stake in shares of Morgan Stanley by 11.5% during the 3rd quarter. Diversify Wealth Management LLC now owns 5,891 shares of the financial services provider’s stock worth $614,000 after acquiring an additional 606 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its position in Morgan Stanley by 4.2% during the third quarter. Pinnacle Associates Ltd. now owns 471,784 shares of the financial services provider’s stock valued at $49,179,000 after acquiring an additional 19,218 shares during the last quarter. Institutional investors own 84.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MS. Citigroup upped their price target on Morgan Stanley from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. HSBC raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research report on Friday, October 4th. Evercore ISI raised their price target on Morgan Stanley from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Hsbc Global Res upgraded Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Oppenheimer lowered shares of Morgan Stanley from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $109.24.

Morgan Stanley Trading Down 1.1 %

Morgan Stanley stock opened at $117.94 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.96. The firm has a market cap of $191.67 billion, a PE ratio of 17.95, a P/E/G ratio of 1.10 and a beta of 1.36. The stock’s 50 day simple moving average is $106.40 and its two-hundred day simple moving average is $100.86. Morgan Stanley has a 12 month low of $70.27 and a 12 month high of $121.45.

Morgan Stanley Dividend Announcement

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

Insider Buying and Selling at Morgan Stanley

In other news, Director Stephen J. Luczo sold 60,000 shares of the stock in a transaction dated 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 directly owns 138,363 shares of the company’s stock, valued at $16,488,718.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.24% of the stock is owned by corporate insiders.

Morgan Stanley Company 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.