Morgan Stanley (NYSE:MS) Holdings Reduced by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lowered its position in Morgan Stanley (NYSE:MS) by 6.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,326 shares of the financial services provider’s stock after selling 3,500 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Morgan Stanley were worth $5,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MS. DT Investment Partners LLC increased its position in Morgan Stanley by 3.0% in the 3rd quarter. DT Investment Partners LLC now owns 4,672 shares of the financial services provider’s stock valued at $487,000 after acquiring an additional 136 shares during the period. Peoples Bank OH grew its stake in shares of Morgan Stanley by 4.4% in the third quarter. Peoples Bank OH now owns 5,349 shares of the financial services provider’s stock worth $558,000 after purchasing an additional 223 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Morgan Stanley by 9.7% during the third quarter. Assenagon Asset Management S.A. now owns 62,267 shares of the financial services provider’s stock valued at $6,491,000 after purchasing an additional 5,502 shares during the period. Mason & Associates Inc bought a new stake in shares of Morgan Stanley during the third quarter valued at about $322,000. Finally, Greystone Financial Group LLC lifted its holdings in Morgan Stanley by 17.3% in the third quarter. Greystone Financial Group LLC now owns 113,273 shares of the financial services provider’s stock worth $11,808,000 after purchasing an additional 16,700 shares during the period. Institutional investors own 84.19% of the company’s stock.

Insider Activity at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the company’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 transaction, the director now 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 at this link. 0.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MS. Hsbc Global Res raised shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Wells Fargo & Company lifted their price target on Morgan Stanley from $95.00 to $107.00 and gave the company an “underweight” rating in a research report on Thursday, October 17th. Royal Bank of Canada raised their target price on Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a research note on Thursday, October 17th. Citigroup boosted their price target on shares of Morgan Stanley from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. 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 equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $109.24.

Morgan Stanley Trading Up 0.8 %

Shares of Morgan Stanley stock opened at $119.17 on Friday. The company has a market cap of $193.67 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 1.17 and a beta of 1.36. Morgan Stanley has a 1 year low of $69.42 and a 1 year high of $121.45. The company’s fifty day simple moving average is $104.66 and its 200-day simple moving average is $99.88. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.925 per share. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s dividend payout ratio is currently 67.40%.

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.