Calton & Associates Inc. lessened its stake in Morgan Stanley (NYSE:MS – Free Report) by 20.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,572 shares of the financial services provider’s stock after selling 1,150 shares during the quarter. Calton & Associates Inc.’s holdings in Morgan Stanley were worth $477,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Maple Capital Management Inc. lifted its holdings in Morgan Stanley by 1.0% in the 3rd quarter. Maple Capital Management Inc. now owns 265,796 shares of the financial services provider’s stock valued at $27,707,000 after acquiring an additional 2,689 shares during the last quarter. Krane Funds Advisors LLC acquired a new stake in Morgan Stanley in the 3rd quarter valued at about $220,000. Foundations Investment Advisors LLC lifted its holdings in Morgan Stanley by 16.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 61,380 shares of the financial services provider’s stock valued at $6,398,000 after acquiring an additional 8,610 shares during the last quarter. Telos Capital Management Inc. lifted its holdings in Morgan Stanley by 1.6% in the 3rd quarter. Telos Capital Management Inc. now owns 152,740 shares of the financial services provider’s stock valued at $15,922,000 after acquiring an additional 2,373 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its holdings in Morgan Stanley by 2,164.6% in the 3rd quarter. Raleigh Capital Management Inc. now owns 8,062 shares of the financial services provider’s stock valued at $840,000 after acquiring an additional 7,706 shares during the last quarter. 84.19% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on MS shares. The Goldman Sachs Group upped their price target on shares of Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Jefferies Financial Group upped their price objective on shares of Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Evercore ISI upped their price objective on shares of Morgan Stanley from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. JMP Securities reaffirmed a “market perform” rating on shares of Morgan Stanley in a research note on Thursday, July 18th. Finally, BMO Capital Markets upped 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. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Morgan Stanley presently has an average rating of “Hold” and a consensus price target of $107.56.
Morgan Stanley Price Performance
Shares of NYSE:MS traded down $0.15 during midday trading on Tuesday, reaching $118.13. The company’s stock had a trading volume of 185,613 shares, compared to its average volume of 7,087,332. Morgan Stanley has a fifty-two week low of $69.42 and a fifty-two week high of $121.45. The company has a market capitalization of $191.98 billion, a P/E ratio of 21.43, a P/E/G 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. The business’s fifty day simple moving average is $103.85 and its 200-day simple moving average is $99.57.
Morgan Stanley Announces Dividend
The company 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 $0.925 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a yield of 3.13%. Morgan Stanley’s payout ratio is 67.40%.
Insider Buying and Selling
In related news, insider Mandell Crawley sold 3,500 shares of Morgan Stanley stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $105.25, for a total value of $368,375.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Morgan Stanley news, 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 sale, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen J. Luczo sold 60,000 shares of Morgan Stanley 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 directly owns 138,363 shares in the company, valued at approximately $16,488,718.71. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
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.
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