Forum Financial Management LP Has $2 Million Stock Position in Morgan Stanley (NYSE:MS)

Forum Financial Management LP raised its holdings in shares of Morgan Stanley (NYSE:MS) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,161 shares of the financial services provider’s stock after acquiring an additional 134 shares during the quarter. Forum Financial Management LP’s holdings in Morgan Stanley were worth $1,997,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in Morgan Stanley in the second quarter valued at approximately $25,000. POM Investment Strategies LLC raised its stake in shares of 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 acquiring an additional 241 shares in the last quarter. Bank & Trust Co bought a new position in shares of Morgan Stanley in the 2nd quarter valued at approximately $26,000. Northwest Investment Counselors LLC acquired a new position in Morgan Stanley during the third quarter valued at approximately $26,000. Finally, Bbjs Financial Advisors LLC bought a new position in shares of Morgan Stanley in the second quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.19% of the company’s stock.

Morgan Stanley Price Performance

MS stock opened at $116.85 on Monday. Morgan Stanley has a 1 year low of $71.65 and a 1 year high of $121.45. The stock has a 50-day moving average price of $107.02 and a two-hundred day moving average price of $101.34. The stock has a market cap of $189.90 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.09 and a beta of 1.34. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.925 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $3.70 annualized dividend and a yield of 3.17%. Morgan Stanley’s payout ratio is presently 56.32%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MS shares. UBS Group boosted their target price on shares of Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. HSBC upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a report on Friday, October 4th. Jefferies Financial Group lifted 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. Barclays lifted their price objective on Morgan Stanley from $121.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Finally, The Goldman Sachs Group raised their target price on Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $109.24.

Insider Buying and Selling

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the firm’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 directly owns 138,363 shares in the company, valued at $16,488,718.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is currently owned by corporate 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.