Crestwood Advisors Group LLC Decreases Stake in Morgan Stanley (NYSE:MS)

Crestwood Advisors Group LLC cut its holdings in Morgan Stanley (NYSE:MS) by 10.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,151 shares of the financial services provider’s stock after selling 1,380 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Morgan Stanley were worth $1,267,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Opal Wealth Advisors LLC acquired a new position in Morgan Stanley during the second quarter worth $25,000. POM Investment Strategies LLC raised its holdings in 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 worth $25,000 after purchasing an additional 241 shares during the last quarter. Bank & Trust Co acquired a new position in Morgan Stanley during the second quarter worth $26,000. Northwest Investment Counselors LLC acquired a new position in Morgan Stanley during the third quarter worth $26,000. Finally, Bbjs Financial Advisors LLC acquired a new position in Morgan Stanley during the second quarter worth $29,000. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 138,363 shares of the company’s stock, valued at approximately $16,488,718.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.24% of the stock is owned by company insiders.

Morgan Stanley Stock Performance

Morgan Stanley stock opened at $117.87 on Wednesday. The stock has a fifty day moving average price of $107.61 and a 200 day moving average price of $101.71. Morgan Stanley has a 52 week low of $73.96 and a 52 week high of $121.45. 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 capitalization of $191.56 billion, a P/E ratio of 17.94, a PEG ratio of 1.09 and a beta of 1.34.

Morgan Stanley Announces Dividend

The company also recently declared 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. This represents a $3.70 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, October 31st. Morgan Stanley’s dividend payout ratio (DPR) is presently 56.32%.

Wall Street Analysts Forecast Growth

MS has been the subject of several research reports. Evercore ISI lifted their price objective on Morgan Stanley from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. JMP Securities reaffirmed a “market perform” rating on shares of Morgan Stanley in a report on Thursday, July 18th. Royal Bank of Canada boosted their price target on Morgan Stanley from $108.00 to $122.00 and gave the stock a “sector perform” rating in a report on Thursday, October 17th. Oppenheimer cut Morgan Stanley from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. Finally, UBS Group boosted their price target on Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $109.24.

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.