Geller Advisors LLC Has $5.78 Million Stock Holdings in Morgan Stanley (NYSE:MS)

Geller Advisors LLC reduced its stake in Morgan Stanley (NYSE:MS) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,488 shares of the financial services provider’s stock after selling 864 shares during the period. Morgan Stanley comprises approximately 0.4% of Geller Advisors LLC’s investment portfolio, making the stock its 16th largest position. Geller Advisors LLC’s holdings in Morgan Stanley were worth $5,784,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Hamilton Capital LLC grew its holdings in Morgan Stanley by 4.0% during the 3rd quarter. Hamilton Capital LLC now owns 9,709 shares of the financial services provider’s stock worth $1,012,000 after acquiring an additional 371 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Morgan Stanley by 17.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 422,103 shares of the financial services provider’s stock worth $44,000,000 after purchasing an additional 61,682 shares during the last quarter. Raab & Moskowitz Asset Management LLC lifted its holdings in Morgan Stanley by 2.8% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 3,642 shares of the financial services provider’s stock worth $380,000 after buying an additional 98 shares during the period. MML Investors Services LLC increased its stake in shares of Morgan Stanley by 15.2% in the third quarter. MML Investors Services LLC now owns 289,408 shares of the financial services provider’s stock valued at $30,168,000 after buying an additional 38,209 shares during the period. Finally, Hodges Capital Management Inc. raised its position in shares of Morgan Stanley by 1.9% during the third quarter. Hodges Capital Management Inc. now owns 44,384 shares of the financial services provider’s stock worth $4,627,000 after acquiring an additional 845 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Morgan Stanley Trading Down 0.3 %

Shares of MS opened at $129.96 on Monday. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80. Morgan Stanley has a fifty-two week low of $79.62 and a fifty-two week high of $136.24. The firm has a 50 day moving average price of $122.00 and a 200-day moving average price of $107.51. The firm has a market cap of $209.37 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.21 and a beta of 1.35.

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

Morgan Stanley Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.925 per share. This represents a $3.70 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Thursday, October 31st. Morgan Stanley’s dividend payout ratio (DPR) is presently 56.32%.

Insider Transactions at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 138,363 shares of the company’s stock, valued at $16,488,718.71. This represents a 30.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on MS shares. HSBC lowered shares of Morgan Stanley from a “buy” rating to a “hold” rating and raised their price target for the stock from $128.00 to $131.00 in a report on Tuesday, November 26th. Citigroup increased their price target on Morgan Stanley from $105.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Royal Bank of Canada boosted their target price on shares of Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods increased their price objective on shares of Morgan Stanley from $121.00 to $138.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 3rd. Finally, Jefferies Financial Group upped their price target on Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $121.80.

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.