Concord Asset Management LLC VA Buys 1,028 Shares of Morgan Stanley (NYSE:MS)

Concord Asset Management LLC VA boosted its position in shares of Morgan Stanley (NYSE:MS) by 7.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,146 shares of the financial services provider’s stock after acquiring an additional 1,028 shares during the period. Concord Asset Management LLC VA’s holdings in Morgan Stanley were worth $1,475,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Atlanta Consulting Group Advisors LLC purchased a new position in shares of Morgan Stanley during the 3rd quarter valued at $519,000. Schear Investment Advisers LLC lifted its position in shares of Morgan Stanley by 9.0% in the third quarter. Schear Investment Advisers LLC now owns 10,791 shares of the financial services provider’s stock valued at $1,125,000 after acquiring an additional 887 shares in the last quarter. River Street Advisors LLC lifted its position in shares of Morgan Stanley by 1.9% in the third quarter. River Street Advisors LLC now owns 17,051 shares of the financial services provider’s stock valued at $1,777,000 after acquiring an additional 315 shares in the last quarter. Turtle Creek Wealth Advisors LLC boosted its stake in shares of Morgan Stanley by 8.2% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 2,802 shares of the financial services provider’s stock worth $292,000 after acquiring an additional 212 shares during the period. Finally, KPP Advisory Services LLC grew its position in shares of Morgan Stanley by 6.5% during the third quarter. KPP Advisory Services LLC now owns 7,769 shares of the financial services provider’s stock worth $810,000 after purchasing an additional 475 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Morgan Stanley Trading Up 1.2 %

MS opened at $134.06 on Friday. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s 50 day moving average price is $112.55 and its 200-day moving average price is $103.84. Morgan Stanley has a one year low of $76.33 and a one year high of $134.91. The stock has a market cap of $215.98 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 1.25 and a beta of 1.34.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.57 by $0.31. The company had revenue of $15.38 billion for the quarter, compared to the consensus estimate of $14.27 billion. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. On average, equities analysts forecast that Morgan Stanley will post 7.32 EPS for the current year.

Morgan Stanley Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.925 dividend. The ex-dividend date was Thursday, October 31st. This represents a $3.70 annualized dividend and a yield of 2.76%. Morgan Stanley’s dividend payout ratio (DPR) is 56.32%.

Analyst Upgrades and Downgrades

MS has been the topic of several recent analyst reports. Wells Fargo & Company upgraded shares of Morgan Stanley from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $107.00 to $142.00 in a research report on Friday. UBS Group lifted their price target on shares of Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Hsbc Global Res upgraded Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. The Goldman Sachs Group lifted their target price on Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, HSBC upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a report on Friday, October 4th. Eleven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $111.29.

Insiders Place Their Bets

In related 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 sale, the director now owns 138,363 shares in the company, valued at approximately $16,488,718.71. The trade was a 30.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

About Morgan Stanley

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.