Telos Capital Management Inc. Acquires 2,373 Shares of Morgan Stanley (NYSE:MS)

Telos Capital Management Inc. raised its position in shares of Morgan Stanley (NYSE:MS) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 152,740 shares of the financial services provider’s stock after purchasing an additional 2,373 shares during the quarter. Morgan Stanley accounts for about 1.7% of Telos Capital Management Inc.’s investment portfolio, making the stock its 12th largest position. Telos Capital Management Inc.’s holdings in Morgan Stanley were worth $15,922,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MS. Opal Wealth Advisors LLC purchased a new position in Morgan Stanley during the second quarter valued at approximately $25,000. POM Investment Strategies LLC lifted its holdings in Morgan Stanley by 1,147.6% during 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 in the last quarter. Bank & Trust Co purchased a new position in Morgan Stanley during the second quarter valued at approximately $26,000. Northwest Investment Counselors LLC purchased a new position in shares of Morgan Stanley in the third quarter worth $26,000. Finally, Bbjs Financial Advisors LLC purchased a new position in shares of Morgan Stanley in the second quarter worth $29,000. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Wall Street Analysts Forecast Growth

MS has been the topic of several research analyst reports. HSBC raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Friday, October 4th. Oppenheimer downgraded shares of Morgan Stanley from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. The Goldman Sachs Group boosted their target price on shares of Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company boosted their target price on shares of Morgan Stanley from $95.00 to $107.00 and gave the stock an “underweight” rating in a report on Thursday, October 17th. Finally, Hsbc Global Res raised shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Morgan Stanley currently has a consensus rating of “Hold” and an average price target of $107.56.

Insider Buying and Selling

In related news, Director Stephen J. Luczo sold 60,000 shares of the company’s stock in a transaction dated 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 directly owns 138,363 shares of the company’s stock, valued at $16,488,718.71. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Morgan Stanley news, insider Mandell Crawley sold 3,500 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $105.25, for a total transaction of $368,375.00. Following the completion of the sale, the insider now directly owns 43,224 shares of the company’s stock, valued at approximately $4,549,326. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen J. Luczo sold 60,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 138,363 shares of the company’s stock, valued at approximately $16,488,718.71. The trade was 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 insiders.

Morgan Stanley Trading Down 2.3 %

NYSE MS opened at $118.28 on Tuesday. The company’s 50-day moving average price is $103.85 and its 200-day moving average price is $99.57. 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 $192.22 billion, a PE ratio of 21.54, a PEG ratio of 1.17 and a beta of 1.36. Morgan Stanley has a 12 month low of $69.42 and a 12 month high of $121.45.

Morgan Stanley Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.925 dividend. This represents a $3.70 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s dividend payout ratio (DPR) is presently 67.40%.

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.