Long Run Wealth Advisors LLC Sells 158 Shares of Morgan Stanley (NYSE:MS)

Long Run Wealth Advisors LLC trimmed its position in shares of Morgan Stanley (NYSE:MS) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,279 shares of the financial services provider’s stock after selling 158 shares during the quarter. Long Run Wealth Advisors LLC’s holdings in Morgan Stanley were worth $1,384,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MS. Bayesian Capital Management LP bought a new stake in Morgan Stanley during the 1st quarter valued at about $2,660,000. Resonant Capital Advisors LLC lifted its holdings in shares of Morgan Stanley by 17.8% during the second quarter. Resonant Capital Advisors LLC now owns 5,768 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 871 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Morgan Stanley by 115.0% during the first quarter. Cetera Investment Advisers now owns 223,668 shares of the financial services provider’s stock valued at $20,305,000 after buying an additional 119,633 shares during the last quarter. AIA Group Ltd increased its holdings in Morgan Stanley by 96.6% in the 1st quarter. AIA Group Ltd now owns 33,598 shares of the financial services provider’s stock worth $3,164,000 after buying an additional 16,507 shares in the last quarter. Finally, Swedbank AB purchased a new position in Morgan Stanley in the 1st quarter worth about $87,558,000. 84.19% of the stock is owned by hedge funds and other institutional investors.

Morgan Stanley Stock Up 1.5 %

NYSE MS opened at $117.87 on Wednesday. Morgan Stanley has a 12 month low of $73.96 and a 12 month high of $121.45. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.96. The stock has a market cap of $191.56 billion, a PE ratio of 17.94, a P/E/G ratio of 1.09 and a beta of 1.34. The stock’s 50 day moving average is $107.61 and its 200 day moving average is $101.71.

Morgan Stanley Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.925 per share. The ex-dividend date is Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.14%. Morgan Stanley’s dividend payout ratio is 56.32%.

Insider Activity at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the business’s stock in a transaction 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 sale, the director now owns 138,363 shares in the company, valued at $16,488,718.71. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on MS shares. The Goldman Sachs Group lifted their price target on shares of Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Hsbc Global Res upgraded shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. UBS Group raised their price target on Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. HSBC upgraded 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. Finally, Jefferies Financial Group boosted their price target on Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, ten have given 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.com, the stock has an average rating of “Hold” and a consensus target price of $109.24.

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.