Morgan Stanley (NYSE:MS) Shares Purchased by Parcion Private Wealth LLC

Parcion Private Wealth LLC lifted its holdings in shares of Morgan Stanley (NYSE:MS) by 19.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,052 shares of the financial services provider’s stock after buying an additional 1,769 shares during the period. Parcion Private Wealth LLC’s holdings in Morgan Stanley were worth $1,152,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Morgan Stanley during the 2nd quarter worth approximately $25,000. POM Investment Strategies LLC grew its stake in shares of Morgan Stanley by 1,147.6% during the second quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 241 shares in the last quarter. Bank & Trust Co purchased a new position in Morgan Stanley in the second quarter valued at about $26,000. Northwest Investment Counselors LLC purchased a new stake in Morgan Stanley during the 3rd quarter worth approximately $26,000. Finally, Bbjs Financial Advisors LLC acquired a new position in shares of Morgan Stanley in the 2nd quarter valued at approximately $29,000. 84.19% of the stock is currently owned by institutional investors and hedge funds.

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 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 owns 138,363 shares in the company, valued at approximately $16,488,718.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. HSBC upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research note on Friday, October 4th. 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 research note on Thursday, October 17th. Jefferies Financial Group lifted their target price on Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Evercore ISI boosted their target price on shares of Morgan Stanley from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Finally, Hsbc Global Res raised Morgan Stanley from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Morgan Stanley currently has a consensus rating of “Hold” and a consensus target price of $109.24.

Morgan Stanley Price Performance

MS opened at $116.85 on Friday. The firm has a market capitalization of $189.90 billion, a P/E ratio of 21.28, a PEG ratio of 1.17 and a beta of 1.36. Morgan Stanley has a 12-month low of $69.42 and a 12-month high of $121.45. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.96. The stock has a fifty day moving average of $105.03 and a 200-day moving average of $100.01.

Morgan Stanley Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.925 dividend. The ex-dividend date is Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.17%. Morgan Stanley’s dividend payout ratio is 67.40%.

Morgan Stanley 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.