Morgan Stanley (NYSE:MS) Stock Holdings Increased by Carret Asset Management LLC

Carret Asset Management LLC grew its holdings in shares of Morgan Stanley (NYSE:MS) by 7.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 35,581 shares of the financial services provider’s stock after acquiring an additional 2,435 shares during the quarter. Carret Asset Management LLC’s holdings in Morgan Stanley were worth $3,709,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in Morgan Stanley in the 2nd quarter valued at about $25,000. POM Investment Strategies LLC boosted its holdings 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 acquiring an additional 241 shares in the last quarter. Bank & Trust Co bought a new position in shares of Morgan Stanley in the second quarter valued at approximately $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Morgan Stanley during the third quarter valued at approximately $26,000. Finally, Bbjs Financial Advisors LLC bought a new stake in Morgan Stanley during the second quarter worth approximately $29,000. Institutional investors own 84.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Oppenheimer lowered Morgan Stanley from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. Evercore ISI raised their target price on Morgan Stanley from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. HSBC upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Friday, October 4th. 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 report on Tuesday, October 8th. Finally, Royal Bank of Canada boosted their target price on shares of Morgan Stanley from $108.00 to $122.00 and gave the stock a “sector perform” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Morgan Stanley currently has an average rating of “Hold” and an average price target of $109.24.

Morgan Stanley Trading Down 1.9 %

Shares of NYSE MS opened at $116.88 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.96. Morgan Stanley has a one year low of $69.42 and a one year high of $121.45. The business has a 50-day moving average price of $105.34 and a two-hundred day moving average price of $100.22. The firm has a market capitalization of $189.95 billion, a PE ratio of 17.79, a PEG ratio of 1.10 and a beta of 1.36.

Morgan Stanley Dividend Announcement

The business 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 dividend of $0.925 per share. This represents a $3.70 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s payout ratio is presently 56.32%.

Insider Buying and Selling at Morgan Stanley

In other Morgan Stanley 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 transaction of $7,150,200.00. Following the completion of the sale, the director now owns 138,363 shares of the company’s stock, valued at $16,488,718.71. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company 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.