Morgan Stanley (NYSE:MS) Shares Acquired by Parcion Private Wealth LLC

Parcion Private Wealth LLC lifted its holdings in shares of Morgan Stanley (NYSE:MS) by 19.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,052 shares of the financial services provider’s stock after acquiring an additional 1,769 shares during the period. Parcion Private Wealth LLC’s holdings in Morgan Stanley were worth $1,152,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Capital International Investors raised its stake in Morgan Stanley by 16.3% during the 1st quarter. Capital International Investors now owns 28,481,070 shares of the financial services provider’s stock worth $2,681,778,000 after acquiring an additional 3,981,528 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of Morgan Stanley by 600.8% during the first quarter. Public Employees Retirement Association of Colorado now owns 1,301,835 shares of the financial services provider’s stock worth $122,581,000 after acquiring an additional 1,116,058 shares during the last quarter. Swedbank AB purchased a new stake in Morgan Stanley in the 1st quarter valued at $87,558,000. Bessemer Group Inc. boosted its stake in Morgan Stanley by 433.4% during the 1st quarter. Bessemer Group Inc. now owns 779,451 shares of the financial services provider’s stock worth $73,392,000 after purchasing an additional 633,319 shares during the period. Finally, Zurich Insurance Group Ltd FI acquired a new position in Morgan Stanley in the second quarter valued at $43,850,000. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Morgan Stanley Stock Down 1.9 %

Shares of NYSE:MS opened at $116.85 on Friday. Morgan Stanley has a 52-week low of $69.42 and a 52-week high of $121.45. The company has a market capitalization of $189.90 billion, a P/E ratio of 21.28, a P/E/G ratio of 1.17 and a beta of 1.36. The stock’s fifty day simple moving average is $105.03 and its 200-day simple moving average is $100.01. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.96.

Morgan Stanley Announces Dividend

The firm 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 $0.925 dividend. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s dividend payout ratio is currently 67.40%.

Wall Street Analysts Forecast Growth

Several analysts have commented on MS shares. Citigroup upped 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. JMP Securities reiterated a “market perform” rating on shares of Morgan Stanley in a research report on Thursday, July 18th. Wells Fargo & Company upped their price objective on shares of Morgan Stanley from $95.00 to $107.00 and gave the stock an “underweight” rating in a research report on Thursday, October 17th. BMO Capital Markets lifted their target price on shares of Morgan Stanley from $116.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Finally, The Goldman Sachs Group raised their price objective on shares of Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Morgan Stanley has an average rating of “Hold” and a consensus price target of $109.24.

Insider Activity at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 138,363 shares of the company’s stock, valued at approximately $16,488,718.71. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Morgan Stanley 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.