Concurrent Investment Advisors LLC Grows Stake in Morgan Stanley (NYSE:MS)

Concurrent Investment Advisors LLC grew its holdings in shares of Morgan Stanley (NYSE:MS) by 10.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,441 shares of the financial services provider’s stock after buying an additional 1,717 shares during the period. Concurrent Investment Advisors LLC’s holdings in Morgan Stanley were worth $1,818,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisory Alpha LLC raised its holdings in Morgan Stanley by 4.6% in the 1st quarter. Advisory Alpha LLC now owns 2,644 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 117 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Morgan Stanley by 12.8% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 125,000 shares of the financial services provider’s stock valued at $11,770,000 after buying an additional 14,175 shares during the period. Empowered Funds LLC raised its stake in Morgan Stanley by 7.0% in the first quarter. Empowered Funds LLC now owns 34,982 shares of the financial services provider’s stock worth $3,294,000 after buying an additional 2,278 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Morgan Stanley by 23.0% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,172 shares of the financial services provider’s stock worth $958,000 after buying an additional 1,904 shares during the period. Finally, PFG Advisors boosted its position in Morgan Stanley by 25.5% during the 1st quarter. PFG Advisors now owns 2,961 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 601 shares in the last quarter. Institutional investors own 84.19% of the company’s stock.

Morgan Stanley Trading Down 2.3 %

NYSE:MS opened at $128.42 on Friday. The company has a market cap of $208.70 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.08 and a beta of 1.34. 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 company has a 50 day simple moving average of $108.19 and a two-hundred day simple moving average of $101.92. Morgan Stanley has a 12 month low of $73.96 and a 12 month high of $133.52.

Morgan Stanley Dividend Announcement

The company 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 2.88%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s dividend payout ratio (DPR) is presently 56.32%.

Analysts Set New Price Targets

MS has been the topic of several research reports. Evercore ISI lifted their price target on Morgan Stanley from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Jefferies Financial Group upped their target price on shares of Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Citigroup lifted their price target on shares of Morgan Stanley from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. BMO Capital Markets raised 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. Finally, Barclays boosted their price target on Morgan Stanley from $121.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. One 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Morgan Stanley has a consensus rating of “Hold” and a consensus target price of $109.24.

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 directly owns 138,363 shares in the company, valued at $16,488,718.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.24% of the stock is owned by corporate 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.