2,385 Shares in Morgan Stanley (NYSE:MS) Bought by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management acquired a new position in shares of Morgan Stanley (NYSE:MS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,385 shares of the financial services provider’s stock, valued at approximately $249,000.

Other hedge funds have also added to or reduced their stakes in the company. Capital International Investors increased its holdings 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 purchasing an additional 3,981,528 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of Morgan Stanley by 600.8% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 1,301,835 shares of the financial services provider’s stock valued at $122,581,000 after acquiring an additional 1,116,058 shares in the last quarter. Swedbank AB bought a new position in shares of Morgan Stanley in the 1st quarter valued at about $87,558,000. Bessemer Group Inc. grew its holdings in shares of Morgan Stanley by 433.4% in the 1st quarter. Bessemer Group Inc. now owns 779,451 shares of the financial services provider’s stock valued at $73,392,000 after acquiring an additional 633,319 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of Morgan Stanley in the 2nd quarter valued at about $43,850,000. Institutional investors and hedge funds own 84.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MS. Oppenheimer cut Morgan Stanley from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. BMO Capital Markets raised their price objective on Morgan Stanley from $116.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Evercore ISI raised their target price on shares of Morgan Stanley from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, July 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. Finally, Royal Bank of Canada raised their target price on shares of Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a research note on Thursday, October 17th. One investment 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $109.24.

Insider Activity at Morgan Stanley

In related 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 transaction, the director now directly owns 138,363 shares of the company’s stock, valued at $16,488,718.71. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.24% of the stock is currently owned by insiders.

Morgan Stanley Stock Down 2.3 %

NYSE MS opened at $128.42 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.96. Morgan Stanley has a 1-year low of $73.96 and a 1-year high of $133.52. The company has a 50 day moving average of $108.19 and a 200-day moving average of $101.92. The company has a market cap of $208.70 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 1.08 and a beta of 1.34.

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 given a $0.925 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 2.88%. Morgan Stanley’s payout ratio is 56.32%.

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.