2,111 Shares in Morgan Stanley (NYSE:MS) Purchased by Krane Funds Advisors LLC

Krane Funds Advisors LLC acquired a new stake in shares of Morgan Stanley (NYSE:MS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,111 shares of the financial services provider’s stock, valued at approximately $220,000.

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

Morgan Stanley Trading Down 0.5 %

Morgan Stanley stock opened at $117.66 on Tuesday. Morgan Stanley has a 52 week low of $69.42 and a 52 week high of $121.45. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market capitalization of $191.22 billion, a PE ratio of 21.54, a PEG ratio of 1.17 and a beta of 1.36. The business’s 50-day simple moving average is $103.85 and its 200-day simple moving average is $99.57.

Morgan Stanley Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.925 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.14%. Morgan Stanley’s dividend payout ratio (DPR) is presently 67.40%.

Insider Transactions at Morgan Stanley

In related news, insider Mandell Crawley sold 3,500 shares of the business’s 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 owns 43,224 shares of the company’s stock, valued at $4,549,326. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Morgan Stanley news, insider Mandell Crawley sold 3,500 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $105.25, for a total transaction of $368,375.00. Following the sale, the insider now directly owns 43,224 shares of the company’s stock, valued at approximately $4,549,326. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen J. Luczo sold 60,000 shares of Morgan Stanley stock in a transaction that occurred 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 transaction, 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 disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on MS. Barclays increased their target price on Morgan Stanley from $121.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. HSBC upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Friday, October 4th. Oppenheimer cut shares of Morgan Stanley from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. JMP Securities reiterated a “market perform” rating on shares of Morgan Stanley in a research note on Thursday, July 18th. Finally, BMO Capital Markets lifted their target price on shares of Morgan Stanley from $116.00 to $118.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $107.56.

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.