Wrapmanager Inc. Boosts Stock Position in Morgan Stanley (NYSE:MS)

Wrapmanager Inc. boosted its position in shares of Morgan Stanley (NYSE:MS) by 39.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,243 shares of the financial services provider’s stock after acquiring an additional 918 shares during the quarter. Wrapmanager Inc.’s holdings in Morgan Stanley were worth $338,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Rosenberg Matthew Hamilton raised its stake in shares of Morgan Stanley by 2.6% in the third quarter. Rosenberg Matthew Hamilton now owns 3,748 shares of the financial services provider’s stock valued at $391,000 after acquiring an additional 96 shares in the last quarter. Omnia Family Wealth LLC raised its position in Morgan Stanley by 3.3% in the 3rd quarter. Omnia Family Wealth LLC now owns 3,063 shares of the financial services provider’s stock valued at $319,000 after purchasing an additional 97 shares in the last quarter. TFB Advisors LLC boosted its stake in shares of Morgan Stanley by 3.9% in the 3rd quarter. TFB Advisors LLC now owns 2,662 shares of the financial services provider’s stock valued at $277,000 after buying an additional 99 shares during the period. Compagnie Lombard Odier SCmA grew its position in shares of Morgan Stanley by 0.3% during the third quarter. Compagnie Lombard Odier SCmA now owns 33,850 shares of the financial services provider’s stock worth $3,529,000 after buying an additional 100 shares in the last quarter. Finally, Lansing Street Advisors increased its stake in shares of Morgan Stanley by 0.8% during the third quarter. Lansing Street Advisors now owns 12,284 shares of the financial services provider’s stock worth $1,280,000 after buying an additional 103 shares during the period. 84.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MS has been the subject of a number of recent research reports. Barclays lifted their price target on shares of Morgan Stanley from $121.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. HSBC raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research report on Friday, October 4th. UBS Group increased their target price on Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Wells Fargo & Company raised Morgan Stanley from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $107.00 to $142.00 in a report on Friday, November 15th. Finally, Royal Bank of Canada increased their price objective on Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a report on Thursday, October 17th. Eleven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Morgan Stanley currently has a consensus rating of “Hold” and a consensus target price of $111.29.

Morgan Stanley Price Performance

Shares of MS opened at $132.21 on Wednesday. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80. Morgan Stanley has a fifty-two week low of $76.33 and a fifty-two week high of $135.51. The firm has a 50-day simple moving average of $113.97 and a 200-day simple moving average of $104.49. The company has a market capitalization of $213.00 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34.

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

Morgan Stanley Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.925 dividend. This represents a $3.70 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Thursday, October 31st. Morgan Stanley’s dividend payout ratio (DPR) is presently 56.32%.

Insider Activity

In other news, Director Stephen J. Luczo sold 60,000 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 138,363 shares of the company’s stock, valued at approximately $16,488,718.71. This represents a 30.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.