Morgan Stanley (NYSE:MS) Stock Position Boosted by Concord Wealth Partners

Concord Wealth Partners grew its stake in shares of Morgan Stanley (NYSE:MS) by 5.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,357 shares of the financial services provider’s stock after buying an additional 785 shares during the quarter. Concord Wealth Partners’ holdings in Morgan Stanley were worth $1,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Compagnie Lombard Odier SCmA raised its position in Morgan Stanley by 0.3% in the third quarter. Compagnie Lombard Odier SCmA now owns 33,850 shares of the financial services provider’s stock worth $3,529,000 after acquiring an additional 100 shares in the last quarter. Viewpoint Capital Management LLC grew its stake in shares of Morgan Stanley by 0.9% in the 2nd quarter. Viewpoint Capital Management LLC now owns 12,319 shares of the financial services provider’s stock worth $1,197,000 after purchasing an additional 104 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its holdings in shares of Morgan Stanley by 4.3% in the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 2,551 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 104 shares in the last quarter. WR Wealth Planners LLC lifted its stake in Morgan Stanley by 24.4% during the second quarter. WR Wealth Planners LLC now owns 541 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 106 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its holdings in Morgan Stanley by 0.8% during the third quarter. Atomi Financial Group Inc. now owns 12,893 shares of the financial services provider’s stock worth $1,344,000 after buying an additional 107 shares in the last quarter. 84.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Morgan Stanley

In related 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 value of $7,150,200.00. Following the transaction, the director now owns 138,363 shares in the company, valued at $16,488,718.71. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.24% of the company’s stock.

Morgan Stanley Stock Up 2.3 %

Shares of NYSE:MS traded up $2.63 on Monday, reaching $119.51. The company had a trading volume of 1,732,368 shares, compared to its average volume of 7,068,928. The stock has a market capitalization of $194.22 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.10 and a beta of 1.36. The stock has a 50-day moving average price of $105.34 and a 200 day moving average price of $100.28. Morgan Stanley has a twelve month low of $69.42 and a twelve month high of $121.45. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.96.

Morgan Stanley Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.925 per share. The ex-dividend date is Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a yield of 3.10%. Morgan Stanley’s payout ratio is currently 56.32%.

Analyst Ratings Changes

Several research analysts have issued reports on MS shares. Jefferies Financial Group upped their price target on Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Hsbc Global Res raised Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Oppenheimer lowered Morgan Stanley from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 17th. UBS Group boosted their price objective on Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company upped their price objective on shares of Morgan Stanley from $95.00 to $107.00 and gave the company an “underweight” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $109.24.

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.