Buckley Wealth Management LLC Buys 270 Shares of Morgan Stanley (NYSE:MS)

Buckley Wealth Management LLC grew its position in shares of Morgan Stanley (NYSE:MS) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,689 shares of the financial services provider’s stock after buying an additional 270 shares during the quarter. Buckley Wealth Management LLC’s holdings in Morgan Stanley were worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of MS. Salem Investment Counselors Inc. grew its position in Morgan Stanley by 8.2% during the first quarter. Salem Investment Counselors Inc. now owns 29,450 shares of the financial services provider’s stock valued at $2,773,000 after buying an additional 2,234 shares during the period. Cooper Financial Group increased its stake in shares of Morgan Stanley by 5.5% in the 1st quarter. Cooper Financial Group now owns 8,641 shares of the financial services provider’s stock worth $814,000 after purchasing an additional 447 shares in the last quarter. Global Assets Advisory LLC bought a new position in Morgan Stanley in the 1st quarter worth $1,383,000. Harbor Investment Advisory LLC raised its holdings in Morgan Stanley by 22.7% in the 1st quarter. Harbor Investment Advisory LLC now owns 5,033 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 931 shares during the period. Finally, Annex Advisory Services LLC grew its holdings in Morgan Stanley by 12.0% during the first quarter. Annex Advisory Services LLC now owns 238,497 shares of the financial services provider’s stock valued at $22,457,000 after purchasing an additional 25,575 shares during the period. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

Morgan Stanley Price Performance

MS traded up $1.62 during trading hours on Friday, hitting $121.06. The company’s stock had a trading volume of 6,852,874 shares, compared to its average volume of 7,119,605. The stock has a market cap of $196.74 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 1.17 and a beta of 1.36. The business’s 50-day moving average price is $103.38 and its 200-day moving average price is $99.34. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.96. Morgan Stanley has a 12 month low of $69.42 and a 12 month high of $121.45.

Morgan Stanley Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.925 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.06%. Morgan Stanley’s dividend payout ratio (DPR) is presently 67.40%.

Insider Activity

In other news, insider Mandell Crawley sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $105.25, for a total value of $368,375.00. Following the completion of the sale, the insider now directly owns 43,224 shares of the company’s stock, valued at $4,549,326. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Mandell Crawley sold 3,500 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $105.25, for a total value of $368,375.00. Following the sale, the insider now owns 43,224 shares of the company’s stock, valued at approximately $4,549,326. This represents 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. Also, Director Stephen J. Luczo sold 60,000 shares of the firm’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 completion of the sale, the director now owns 138,363 shares of the company’s stock, valued at $16,488,718.71. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Jefferies Financial Group raised their price objective on Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays raised their target price on shares of Morgan Stanley from $121.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday. Evercore ISI upped their price target on shares of Morgan Stanley from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Royal Bank of Canada raised 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 report on Thursday. Finally, Oppenheimer downgraded shares of Morgan Stanley from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Morgan Stanley has an average rating of “Hold” and a consensus price target of $107.56.

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.