Meadow Creek Wealth Advisors LLC Acquires 346 Shares of Morgan Stanley (NYSE:MS)

Meadow Creek Wealth Advisors LLC grew its stake in shares of Morgan Stanley (NYSE:MS) by 16.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,481 shares of the financial services provider’s stock after purchasing an additional 346 shares during the quarter. Meadow Creek Wealth Advisors LLC’s holdings in Morgan Stanley were worth $259,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MS. Opal Wealth Advisors LLC bought a new position in shares of Morgan Stanley during the second quarter valued at approximately $25,000. POM Investment Strategies LLC lifted its stake in shares of Morgan Stanley by 1,147.6% during the 2nd quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 241 shares during the last quarter. Bank & Trust Co purchased a new stake in shares of Morgan Stanley during the second quarter valued at about $26,000. Northwest Investment Counselors LLC bought a new stake in shares of Morgan Stanley in the 3rd quarter valued at about $26,000. Finally, Bbjs Financial Advisors LLC bought a new position in shares of Morgan Stanley during the 2nd quarter worth approximately $29,000. Institutional investors own 84.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of Morgan Stanley from $95.00 to $107.00 and gave the company an “underweight” rating in a research note on Thursday, October 17th. Citigroup lifted their price objective on Morgan Stanley from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. The Goldman Sachs Group lifted their price target on Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. JMP Securities reaffirmed a “market perform” rating on shares of Morgan Stanley in a report on Thursday, July 18th. Finally, Jefferies Financial Group increased their price target on shares of Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $107.56.

Insiders Place Their Bets

In related news, insider Mandell Crawley sold 3,500 shares of the business’s stock in a transaction dated 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 directly owns 43,224 shares in the company, valued at approximately $4,549,326. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Morgan Stanley news, insider Mandell Crawley sold 3,500 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $105.25, for a total transaction of $368,375.00. Following the sale, the insider now directly owns 43,224 shares in the company, valued at $4,549,326. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Luczo sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

Morgan Stanley Price Performance

NYSE:MS opened at $117.92 on Wednesday. Morgan Stanley has a one year low of $69.42 and a one year high of $121.45. The stock has a market cap of $191.64 billion, a PE ratio of 21.55, a P/E/G ratio of 1.17 and a beta of 1.36. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a 50 day moving average price of $104.28 and a 200 day moving average price of $99.75.

Morgan Stanley Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.925 per share. This represents a $3.70 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, October 31st. Morgan Stanley’s dividend payout ratio (DPR) is presently 67.40%.

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.