49 Wealth Management LLC Acquires Shares of 1,963 Morgan Stanley (NYSE:MS)

49 Wealth Management LLC acquired a new stake in Morgan Stanley (NYSE:MS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,963 shares of the financial services provider’s stock, valued at approximately $205,000.

Other large investors also recently bought and sold shares of the company. Eagle Asset Management Inc. grew its position in shares of Morgan Stanley by 31.7% during the third quarter. Eagle Asset Management Inc. now owns 21,442 shares of the financial services provider’s stock worth $2,235,000 after buying an additional 5,155 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Morgan Stanley by 4.3% in the third quarter. Pacer Advisors Inc. now owns 92,917 shares of the financial services provider’s stock worth $9,686,000 after buying an additional 3,855 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in shares of Morgan Stanley by 588.8% in the third quarter. Integrated Investment Consultants LLC now owns 17,221 shares of the financial services provider’s stock worth $1,795,000 after buying an additional 14,721 shares during the last quarter. LPL Financial LLC increased its stake in shares of Morgan Stanley by 17.5% in the third quarter. LPL Financial LLC now owns 1,656,079 shares of the financial services provider’s stock worth $172,630,000 after buying an additional 247,171 shares during the last quarter. Finally, Tradewinds LLC. increased its stake in shares of Morgan Stanley by 4.8% in the third quarter. Tradewinds LLC. now owns 57,814 shares of the financial services provider’s stock worth $6,027,000 after buying an additional 2,662 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Morgan Stanley Stock Performance

MS stock opened at $134.69 on Friday. The company has a market capitalization of $216.99 billion, a P/E ratio of 20.50, a PEG ratio of 1.23 and a beta of 1.34. The company has a 50-day simple moving average of $116.16 and a 200 day simple moving average of $105.17. Morgan Stanley has a fifty-two week low of $76.33 and a fifty-two week high of $135.67. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.31. Morgan Stanley had a net margin of 10.64% and a return on equity of 12.58%. The company had revenue of $15.38 billion during the quarter, compared to the consensus estimate of $14.27 billion. Sell-side analysts predict that Morgan Stanley will post 7.32 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.925 dividend. This represents a $3.70 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Thursday, October 31st. Morgan Stanley’s payout ratio is 56.32%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. UBS Group lifted 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. The Goldman Sachs Group boosted their target price on shares of Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada boosted their target price 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. Wells Fargo & Company upgraded shares of Morgan Stanley from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $107.00 to $142.00 in a research note on Friday, November 15th. Finally, Hsbc Global Res upgraded shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.94.

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 dated Thursday, October 17th. The stock was 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 in the company, valued at approximately $16,488,718.71. The trade was a 30.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.24% of the stock is 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.