Beacon Harbor Wealth Advisors Inc. Boosts Stock Position in Morgan Stanley (NYSE:MS)

Beacon Harbor Wealth Advisors Inc. grew its holdings in shares of Morgan Stanley (NYSE:MS) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,034 shares of the financial services provider’s stock after purchasing an additional 915 shares during the quarter. Morgan Stanley makes up 1.7% of Beacon Harbor Wealth Advisors Inc.’s investment portfolio, making the stock its 25th largest holding. Beacon Harbor Wealth Advisors Inc.’s holdings in Morgan Stanley were worth $6,988,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Morgan Stanley in the second quarter valued at $25,000. POM Investment Strategies LLC increased its holdings 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 worth $25,000 after acquiring an additional 241 shares during the last quarter. Bank & Trust Co purchased a new stake in Morgan Stanley in the 2nd quarter worth about $26,000. Northwest Investment Counselors LLC bought a new stake in Morgan Stanley in the 3rd quarter valued at about $26,000. Finally, Bbjs Financial Advisors LLC purchased a new stake in Morgan Stanley during the second quarter valued at about $29,000. 84.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MS has been the topic of several research reports. The Goldman Sachs Group boosted their price target on shares of Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. HSBC raised shares of 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. Wells Fargo & Company increased their target price on Morgan Stanley from $95.00 to $107.00 and gave the stock an “underweight” rating in a research report on Thursday, October 17th. Jefferies Financial Group lifted their price target on Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, JMP Securities reissued a “market perform” rating on shares of Morgan Stanley in a report on Thursday, July 18th. One 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 company. According to MarketBeat, Morgan Stanley has an average rating of “Hold” and a consensus target price of $109.24.

Morgan Stanley Trading Down 2.3 %

Shares of MS opened at $128.42 on Friday. Morgan Stanley has a 1-year low of $73.96 and a 1-year high of $133.52. The company has a market capitalization of $208.70 billion, a P/E ratio of 19.55, a P/E/G ratio of 1.08 and a beta of 1.34. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.78 and a quick ratio of 0.78. The firm’s 50 day simple moving average is $108.19 and its 200 day simple moving average is $101.92.

Morgan Stanley Dividend Announcement

The business also recently disclosed 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 2.88%. The ex-dividend date of this dividend is Thursday, October 31st. Morgan Stanley’s dividend payout ratio (DPR) is currently 56.32%.

Insider Transactions at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of Morgan Stanley 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 $16,488,718.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by insiders.

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.