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) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,385 shares of the financial services provider’s stock, valued at approximately $249,000.

Several other institutional investors also recently bought and sold shares of MS. Jmac Enterprises LLC increased its stake in shares of Morgan Stanley by 14.5% in the third quarter. Jmac Enterprises LLC now owns 8,700 shares of the financial services provider’s stock worth $907,000 after purchasing an additional 1,100 shares during the period. Principal Financial Group Inc. increased its stake in shares of Morgan Stanley by 0.8% in the third quarter. Principal Financial Group Inc. now owns 4,711,805 shares of the financial services provider’s stock worth $491,159,000 after purchasing an additional 36,120 shares during the period. Baugh & Associates LLC increased its stake in shares of Morgan Stanley by 0.9% in the third quarter. Baugh & Associates LLC now owns 69,785 shares of the financial services provider’s stock worth $7,028,000 after purchasing an additional 629 shares during the period. Graypoint LLC increased its stake in shares of Morgan Stanley by 7.9% in the third quarter. Graypoint LLC now owns 6,633 shares of the financial services provider’s stock worth $691,000 after purchasing an additional 487 shares during the period. Finally, Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of Morgan Stanley in the third quarter worth about $526,000. 84.19% of the stock is currently owned by institutional investors.

Morgan Stanley Stock Performance

MS stock opened at $128.42 on Friday. The company has a 50 day moving average price of $108.19 and a 200 day moving average price of $101.92. Morgan Stanley has a fifty-two week low of $73.96 and a fifty-two week high of $133.52. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $208.70 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.08 and a beta of 1.34.

Morgan Stanley Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.925 per share. This represents a $3.70 annualized dividend and a yield of 2.88%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s dividend payout ratio is 56.32%.

Wall Street Analyst Weigh In

MS has been the topic of a number of recent analyst reports. 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 note on Wednesday, July 17th. Wells Fargo & Company lifted their target price on Morgan Stanley from $95.00 to $107.00 and gave the stock an “underweight” rating in a research report on Thursday, October 17th. Jefferies Financial Group lifted their target price on Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Royal Bank of Canada lifted their target price on Morgan Stanley from $108.00 to $122.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 17th. Finally, JMP Securities reissued a “market perform” rating on shares of Morgan Stanley in a research report on Thursday, July 18th. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $109.24.

Insiders Place Their Bets

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the company’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 transaction, the director now owns 138,363 shares of the company’s stock, valued at approximately $16,488,718.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.24% of the company’s stock.

About Morgan Stanley

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.