Global Wealth Management Investment Advisory Inc. Sells 2,099 Shares of Morgan Stanley (NYSE:MS)

Global Wealth Management Investment Advisory Inc. trimmed its holdings in shares of Morgan Stanley (NYSE:MS) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,536 shares of the financial services provider’s stock after selling 2,099 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Morgan Stanley were worth $4,434,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Norden Group LLC lifted its position in Morgan Stanley by 52.9% during the first quarter. Norden Group LLC now owns 8,621 shares of the financial services provider’s stock valued at $812,000 after purchasing an additional 2,981 shares during the period. Choreo LLC lifted its holdings in shares of Morgan Stanley by 5.8% in the 1st quarter. Choreo LLC now owns 5,331 shares of the financial services provider’s stock worth $502,000 after acquiring an additional 291 shares during the last quarter. Whittier Trust Co. increased its stake in Morgan Stanley by 32.1% during the 1st quarter. Whittier Trust Co. now owns 17,229 shares of the financial services provider’s stock worth $1,622,000 after buying an additional 4,184 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in Morgan Stanley by 73.1% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,293 shares of the financial services provider’s stock worth $310,000 after buying an additional 1,391 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in Morgan Stanley by 19.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 48,033 shares of the financial services provider’s stock worth $4,523,000 after buying an additional 7,869 shares during the period. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MS has been the topic of a number of recent analyst reports. Citigroup increased their target price 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. HSBC upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research note on Friday, October 4th. BMO Capital Markets raised their price objective on shares of Morgan Stanley from $116.00 to $118.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. UBS Group raised their price objective on shares of Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada raised their price objective 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 equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $109.24.

Morgan Stanley Stock Up 0.5 %

Shares of NYSE MS traded up $0.58 during trading on Tuesday, reaching $116.72. 196,882 shares of the stock were exchanged, compared to its average volume of 7,005,625. The business’s 50-day moving average price is $107.29 and its 200 day moving average price is $101.52. Morgan Stanley has a twelve month low of $73.96 and a twelve month high of $121.45. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.96. The company has a market capitalization of $189.69 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.09 and a beta of 1.34.

Morgan Stanley Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders 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 3.17%. Morgan Stanley’s payout ratio is currently 56.32%.

Insider Transactions at Morgan Stanley

In related news, Director Stephen J. Luczo sold 60,000 shares of Morgan Stanley 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 approximately $16,488,718.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.24% of the company’s stock.

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.