Oppenheimer & Co. Inc. Has $12.88 Million Holdings in Morgan Stanley (NYSE:MS)

Oppenheimer & Co. Inc. decreased its stake in shares of Morgan Stanley (NYSE:MS) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,553 shares of the financial services provider’s stock after selling 9,291 shares during the period. Oppenheimer & Co. Inc.’s holdings in Morgan Stanley were worth $12,879,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. 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 stake in Morgan Stanley by 1,147.6% in the 2nd quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider’s stock valued at $25,000 after buying an additional 241 shares during the last quarter. Bank & Trust Co acquired a new stake in Morgan Stanley during the second quarter worth approximately $26,000. Northwest Investment Counselors LLC bought a new stake in shares of Morgan Stanley during the third quarter worth approximately $26,000. Finally, Bbjs Financial Advisors LLC acquired a new position in shares of Morgan Stanley in the second quarter valued at approximately $29,000. 84.19% of the stock is owned by institutional investors.

Morgan Stanley Stock Performance

Shares of MS traded up $1.22 during mid-day trading on Wednesday, hitting $133.53. The stock had a trading volume of 430,746 shares, compared to its average volume of 7,064,316. Morgan Stanley has a 52 week low of $76.33 and a 52 week high of $134.10. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.80 and a quick ratio of 0.80. The business has a fifty day moving average price of $110.49 and a 200-day moving average price of $103.05. The firm has a market cap of $215.12 billion, a P/E ratio of 20.14, a PEG ratio of 1.24 and a beta of 1.34.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.31. Morgan Stanley had a net margin of 10.64% and a return on equity of 12.58%. The company had revenue of $15.38 billion for the quarter, compared to analysts’ expectations of $14.27 billion. On average, equities research analysts expect that Morgan Stanley will post 7.32 EPS for the current year.

Morgan Stanley Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.925 per share. This represents a $3.70 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s dividend payout ratio is presently 56.32%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company upped their price objective on Morgan Stanley from $95.00 to $107.00 and gave the company an “underweight” rating in a report on Thursday, October 17th. Hsbc Global Res upgraded Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. UBS Group upped their target price on Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. JMP Securities reissued a “market perform” rating on shares of Morgan Stanley in a report on Thursday, July 18th. Finally, BMO Capital Markets raised their price objective on Morgan Stanley from $116.00 to $118.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $109.24.

Insider Buying and Selling

In related news, Director Stephen J. Luczo sold 60,000 shares of the company’s stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is currently owned by insiders.

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.