Buckley Wealth Management LLC Increases Position in Morgan Stanley (NYSE:MS)

Buckley Wealth Management LLC boosted its position in Morgan Stanley (NYSE:MS) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,689 shares of the financial services provider’s stock after acquiring an additional 270 shares during the quarter. Buckley Wealth Management LLC’s holdings in Morgan Stanley were worth $1,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors lifted its position in Morgan Stanley by 16.3% in 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 buying an additional 3,981,528 shares during the last quarter. Public Employees Retirement Association of Colorado lifted 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 worth $122,581,000 after acquiring an additional 1,116,058 shares during the last quarter. Swedbank AB purchased a new stake in shares of Morgan Stanley in the 1st quarter valued at $87,558,000. Bessemer Group Inc. grew its holdings in shares of Morgan Stanley by 433.4% during the 1st quarter. Bessemer Group Inc. now owns 779,451 shares of the financial services provider’s stock valued at $73,392,000 after purchasing an additional 633,319 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new position in Morgan Stanley in the 2nd quarter worth $43,850,000. 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 firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $119.17, for a total transaction of $7,150,200.00. Following the completion of the transaction, the director now directly owns 138,363 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. In related news, Director Stephen J. Luczo sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $119.17, for a total transaction of $7,150,200.00. Following the completion of the sale, the director now 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 Securities & Exchange Commission, which is available at the SEC website. Also, insider Mandell Crawley sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $105.25, for a total value of $368,375.00. Following the completion of the transaction, the insider now directly owns 43,224 shares in the company, valued at $4,549,326. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on MS. Citigroup upped their price target on shares of Morgan Stanley from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Jefferies Financial Group raised their price target on Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday. Hsbc Global Res raised Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Evercore ISI increased their price objective on Morgan Stanley from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Finally, Barclays lifted their target price on shares of Morgan Stanley from $121.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $107.56.

Morgan Stanley Stock Up 1.4 %

NYSE MS traded up $1.62 during trading hours on Friday, reaching $121.06. 6,852,874 shares of the company’s stock traded hands, compared to its average volume of 7,119,605. The firm has a market cap of $196.74 billion, a PE ratio of 22.05, a PEG ratio of 1.17 and a beta of 1.36. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.78 and a quick ratio of 0.78. Morgan Stanley has a 52-week low of $69.42 and a 52-week high of $121.45. The firm has a 50-day simple moving average of $103.38 and a 200 day simple moving average of $99.34.

Morgan Stanley Announces Dividend

The business also recently disclosed 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. This represents a $3.70 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s dividend payout ratio (DPR) is presently 67.40%.

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.