Eads & Heald Wealth Management Buys 460 Shares of Morgan Stanley (NYSE:MS)

Eads & Heald Wealth Management boosted its stake in Morgan Stanley (NYSE:MS) by 7.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,763 shares of the financial services provider’s stock after purchasing an additional 460 shares during the quarter. Eads & Heald Wealth Management’s holdings in Morgan Stanley were worth $705,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in Morgan Stanley in the second quarter valued at about $25,000. POM Investment Strategies LLC increased its holdings in Morgan Stanley by 1,147.6% in the second quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 241 shares during the last quarter. Bank & Trust Co bought a new stake in Morgan Stanley in the second quarter valued at about $26,000. Northwest Investment Counselors LLC bought a new stake in Morgan Stanley in the third quarter valued at about $26,000. Finally, Bbjs Financial Advisors LLC bought a new stake in Morgan Stanley in the second quarter valued at about $29,000. Institutional investors own 84.19% of the company’s stock.

Insider Activity

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

Morgan Stanley Stock Performance

MS opened at $116.86 on Friday. Morgan Stanley has a 12-month low of $71.65 and a 12-month high of $121.45. The stock has a market cap of $189.92 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.10 and a beta of 1.36. The business has a 50 day moving average of $107.02 and a 200-day moving average of $101.17. 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 declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.925 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $3.70 annualized dividend and a dividend yield of 3.17%. Morgan Stanley’s payout ratio is 56.32%.

Analysts Set New Price Targets

MS has been the subject of several recent analyst reports. Hsbc Global Res upgraded Morgan Stanley from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. JMP Securities restated a “market perform” rating on shares of Morgan Stanley in a report on Thursday, July 18th. Wells Fargo & Company increased their price target on Morgan Stanley from $95.00 to $107.00 and gave the stock an “underweight” rating in a report on Thursday, October 17th. HSBC upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a report on Friday, October 4th. Finally, UBS Group increased their price target on Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $109.24.

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.