Savvy Advisors Inc. Has $407,000 Stake in Morgan Stanley (NYSE:MS)

Savvy Advisors Inc. boosted its stake in shares of Morgan Stanley (NYSE:MS) by 65.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,908 shares of the financial services provider’s stock after buying an additional 1,552 shares during the quarter. Savvy Advisors Inc.’s holdings in Morgan Stanley were worth $407,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Morgan Stanley during the second quarter worth about $25,000. POM Investment Strategies LLC increased its position in 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 valued at $25,000 after purchasing an additional 241 shares during the period. Bank & Trust Co bought a new position in Morgan Stanley during the 2nd quarter worth approximately $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Morgan Stanley in the 3rd quarter worth approximately $26,000. Finally, Bbjs Financial Advisors LLC bought a new stake in shares of Morgan Stanley in the 2nd quarter valued at $29,000. Institutional investors own 84.19% of the company’s stock.

Insider Buying and Selling at Morgan Stanley

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

Morgan Stanley Stock Down 0.9 %

Shares of NYSE MS opened at $132.31 on Wednesday. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.80 and a quick ratio of 0.78. The company has a 50-day moving average price of $109.83 and a 200-day moving average price of $102.77. The stock has a market capitalization of $213.16 billion, a P/E ratio of 20.14, a P/E/G ratio of 1.21 and a beta of 1.34. Morgan Stanley has a 1 year low of $74.55 and a 1 year high of $133.99.

Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.31. The business had revenue of $15.38 billion during the quarter, compared to the consensus estimate of $14.27 billion. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. On average, equities research analysts forecast that Morgan Stanley will post 7.29 EPS for the current fiscal year.

Morgan Stanley Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors 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 yield of 2.80%. The ex-dividend date of this dividend is Thursday, October 31st. Morgan Stanley’s payout ratio is currently 56.32%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MS shares. Jefferies Financial Group lifted their target price on shares of Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Evercore ISI lifted their price objective on Morgan Stanley from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Wells Fargo & Company upped their target price on Morgan Stanley from $95.00 to $107.00 and gave the company an “underweight” rating in a research report on Thursday, October 17th. Hsbc Global Res raised Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Barclays boosted their price target on Morgan Stanley from $121.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Morgan Stanley presently has an average rating of “Hold” and a consensus price target 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.