Integrated Wealth Concepts LLC Sells 1,162 Shares of Morgan Stanley (NYSE:MS)

Integrated Wealth Concepts LLC cut its stake in Morgan Stanley (NYSE:MS) by 3.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,125 shares of the financial services provider’s stock after selling 1,162 shares during the period. Integrated Wealth Concepts LLC’s holdings in Morgan Stanley were worth $3,661,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Morgan Stanley by 382.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,597,800 shares of the financial services provider’s stock valued at $166,555,000 after acquiring an additional 1,266,600 shares during the period. Fisher Asset Management LLC grew its position in shares of Morgan Stanley by 2.7% during the 3rd quarter. Fisher Asset Management LLC now owns 22,404,981 shares of the financial services provider’s stock worth $2,335,495,000 after buying an additional 590,872 shares during the period. HighTower Advisors LLC raised its stake in shares of Morgan Stanley by 71.2% during the third quarter. HighTower Advisors LLC now owns 1,370,572 shares of the financial services provider’s stock worth $140,077,000 after buying an additional 569,789 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Morgan Stanley during the 2nd quarter valued at $43,850,000. Finally, Erste Asset Management GmbH acquired a new position in shares of Morgan Stanley in the 3rd quarter valued at $46,067,000. 84.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on MS. Hsbc Global Res cut Morgan Stanley from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. The Goldman Sachs Group upped 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 price target on shares of Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a report on Thursday, October 17th. Barclays raised their price objective on Morgan Stanley from $121.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Finally, Jefferies Financial Group increased their price target on Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $120.67.

Morgan Stanley Stock Performance

Shares of NYSE MS opened at $130.33 on Friday. Morgan Stanley has a 12 month low of $79.32 and a 12 month high of $136.24. The stock has a 50 day moving average of $121.49 and a 200-day moving average of $107.21. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.14. The company has a market capitalization of $209.97 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.21 and a beta of 1.35.

Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.57 by $0.31. The business had revenue of $15.38 billion during the quarter, compared to the consensus estimate of $14.27 billion. Morgan Stanley had a net margin of 10.64% and a return on equity of 12.58%. As a group, equities research analysts predict that Morgan Stanley will post 7.32 EPS for the current year.

Morgan Stanley Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.925 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $3.70 annualized dividend and a yield of 2.84%. Morgan Stanley’s payout ratio is currently 56.32%.

Insider Activity at Morgan Stanley

In other news, Director Stephen J. Luczo sold 60,000 shares of Morgan Stanley stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $119.17, for a total value of $7,150,200.00. Following the completion of the sale, the director now directly owns 138,363 shares in the company, valued at approximately $16,488,718.71. The trade was a 30.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.