Morgan Stanley (NYSE:MS) Shares Sold by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC lowered its position in Morgan Stanley (NYSE:MS) by 3.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,761 shares of the financial services provider’s stock after selling 268 shares during the period. Genesee Capital Advisors LLC’s holdings in Morgan Stanley were worth $809,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MS. Opal Wealth Advisors LLC acquired a new position in shares of Morgan Stanley during the 2nd quarter worth approximately $25,000. POM Investment Strategies LLC grew its position in shares of Morgan Stanley by 1,147.6% in 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 during the period. Bank & Trust Co purchased a new stake in shares of Morgan Stanley during the second quarter worth about $26,000. Bbjs Financial Advisors LLC acquired a new position in shares of Morgan Stanley during the 2nd quarter worth about $29,000. Finally, Lynx Investment Advisory purchased a new position in Morgan Stanley in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 84.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MS. Oppenheimer downgraded Morgan Stanley from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 17th. 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. The Goldman Sachs Group increased their target price on shares of Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a research report on Thursday. JMP Securities reaffirmed a “market perform” rating on shares of Morgan Stanley in a research note on Thursday, July 18th. Finally, Jefferies Financial Group raised their target price on shares of Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $107.56.

Insider Buying and Selling at Morgan Stanley

In other news, insider Mandell Crawley sold 3,500 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $105.25, for a total value of $368,375.00. Following the sale, the insider now directly owns 43,224 shares in the company, valued at approximately $4,549,326. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Mandell Crawley sold 3,500 shares of the company’s stock in a transaction 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 transaction, the insider now owns 43,224 shares in the company, valued at approximately $4,549,326. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 approximately $16,488,718.71. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

Morgan Stanley Trading Down 2.3 %

Morgan Stanley stock traded down $2.75 during midday trading on Monday, reaching $118.31. 3,122,108 shares of the stock traded hands, compared to its average volume of 7,099,917. 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 firm has a market cap of $192.27 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36. The company has a 50-day simple moving average of $103.38 and a two-hundred day simple moving average of $99.38. Morgan Stanley has a 12-month low of $69.42 and a 12-month high of $121.45.

Morgan Stanley Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.925 per share. This represents a $3.70 annualized dividend and a yield of 3.13%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s payout ratio is currently 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.