Oak Harvest Investment Services Grows Stake in Morgan Stanley (NYSE:MS)

Oak Harvest Investment Services lifted its stake in shares of Morgan Stanley (NYSE:MS) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,014 shares of the financial services provider’s stock after purchasing an additional 6,473 shares during the quarter. Morgan Stanley comprises 2.1% of Oak Harvest Investment Services’ investment portfolio, making the stock its 7th biggest holding. Oak Harvest Investment Services’ holdings in Morgan Stanley were worth $14,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Northwest Investment Counselors LLC acquired a new stake in shares of Morgan Stanley in the 3rd quarter worth about $26,000. Opal Wealth Advisors LLC purchased a new stake in Morgan Stanley in the 2nd quarter valued at about $25,000. POM Investment Strategies LLC increased its stake in Morgan Stanley by 1,147.6% in the 2nd quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider’s stock valued at $25,000 after buying an additional 241 shares during the last quarter. Bank & Trust Co purchased a new stake in Morgan Stanley in the 2nd quarter valued at about $26,000. Finally, Bbjs Financial Advisors LLC purchased a new stake in Morgan Stanley in the 2nd quarter valued at about $29,000. Institutional investors own 84.19% of the company’s stock.

Wall Street Analyst Weigh In

MS has been the subject of several analyst reports. BMO Capital Markets increased their price objective on shares of Morgan Stanley from $116.00 to $118.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Royal Bank of Canada increased their price objective on shares of Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a research note on Thursday, October 17th. UBS Group raised their price target on shares of Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Jefferies Financial Group raised their price target on shares of Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group raised their price target on shares of Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $109.24.

Morgan Stanley Stock Down 1.1 %

Shares of NYSE:MS opened at $117.94 on Thursday. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market capitalization of $191.67 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. The firm has a fifty day moving average of $106.40 and a 200 day moving average of $100.86. Morgan Stanley has a 52-week low of $70.27 and a 52-week high of $121.45.

Morgan Stanley Announces Dividend

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

Insiders Place Their Bets

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 value of $7,150,200.00. Following the completion of the sale, the director now directly owns 138,363 shares of the company’s stock, valued at $16,488,718.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.24% of the stock is currently owned by 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.