OLD Second National Bank of Aurora Sells 990 Shares of Morgan Stanley (NYSE:MS)

OLD Second National Bank of Aurora decreased its holdings in shares of Morgan Stanley (NYSE:MS) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,265 shares of the financial services provider’s stock after selling 990 shares during the quarter. Morgan Stanley makes up about 1.3% of OLD Second National Bank of Aurora’s investment portfolio, making the stock its 20th biggest holding. OLD Second National Bank of Aurora’s holdings in Morgan Stanley were worth $5,552,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MS. Opal Wealth Advisors LLC acquired a new position in shares of Morgan Stanley in the second quarter valued at approximately $25,000. POM Investment Strategies LLC boosted its position in shares of 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 buying an additional 241 shares during the last quarter. Bank & Trust Co bought a new stake in Morgan Stanley in the 2nd quarter worth about $26,000. Northwest Investment Counselors LLC bought a new stake in Morgan Stanley during the third quarter worth $26,000. Finally, Bbjs Financial Advisors LLC purchased a new position in shares of Morgan Stanley in the 2nd quarter worth about $29,000. 84.19% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Stephen J. Luczo sold 60,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $119.17, for a total value of $7,150,200.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MS shares. Royal Bank of Canada lifted their price target on Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a research report on Thursday, October 17th. Evercore ISI lifted their price target on shares of Morgan Stanley from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. Barclays increased their target price on Morgan Stanley from $121.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Oppenheimer downgraded shares of Morgan Stanley from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. Finally, Hsbc Global Res raised Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $109.24.

Morgan Stanley Stock Performance

Shares of MS opened at $132.31 on Wednesday. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80. Morgan Stanley has a 1 year low of $74.55 and a 1 year high of $133.99. The stock has a market capitalization of $213.16 billion, a PE ratio of 20.14, a PEG ratio of 1.24 and a beta of 1.34. The stock has a 50-day simple moving average of $110.49 and a 200-day simple moving average of $103.05.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.31. The business had revenue of $15.38 billion for 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, analysts predict that Morgan Stanley will post 7.32 earnings per share for the current fiscal year.

Morgan Stanley Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.925 dividend. The ex-dividend date is Thursday, October 31st. This represents a $3.70 annualized dividend and a dividend yield of 2.80%. Morgan Stanley’s dividend payout ratio is currently 56.32%.

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.