Gibraltar Capital Management Inc. Purchases 643 Shares of Morgan Stanley (NYSE:MS)

Gibraltar Capital Management Inc. raised its position in shares of Morgan Stanley (NYSE:MS) by 6.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,835 shares of the financial services provider’s stock after purchasing an additional 643 shares during the quarter. Gibraltar Capital Management Inc.’s holdings in Morgan Stanley were worth $1,129,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bayesian Capital Management LP bought a new position in Morgan Stanley during the first quarter valued at approximately $2,660,000. Resonant Capital Advisors LLC lifted its position in Morgan Stanley by 17.8% during the second quarter. Resonant Capital Advisors LLC now owns 5,768 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 871 shares during the period. Cetera Investment Advisers lifted its position in Morgan Stanley by 115.0% during the first quarter. Cetera Investment Advisers now owns 223,668 shares of the financial services provider’s stock valued at $20,305,000 after purchasing an additional 119,633 shares during the period. AIA Group Ltd boosted its position in Morgan Stanley by 96.6% in the first quarter. AIA Group Ltd now owns 33,598 shares of the financial services provider’s stock worth $3,164,000 after purchasing an additional 16,507 shares during the last quarter. Finally, Swedbank AB purchased a new position in Morgan Stanley in the first quarter worth about $87,558,000. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Insider Transactions at Morgan Stanley

In other news, Director Stephen J. Luczo sold 60,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $16,488,718.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MS. Royal Bank of Canada raised their target price on Morgan Stanley from $108.00 to $122.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 17th. Wells Fargo & Company raised 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. The Goldman Sachs Group boosted their price objective 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. UBS Group boosted their price objective on shares of Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Finally, Oppenheimer downgraded shares of Morgan Stanley from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $109.24.

Morgan Stanley Price Performance

NYSE:MS opened at $119.13 on Tuesday. 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 business’s 50-day simple moving average is $105.69 and its two-hundred day simple moving average is $100.51. The stock has a market cap of $193.61 billion, a PE ratio of 18.13, a P/E/G ratio of 1.10 and a beta of 1.36. Morgan Stanley has a 52 week low of $69.42 and a 52 week high of $121.45.

Morgan Stanley Announces Dividend

The business 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. This represents a $3.70 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Thursday, October 31st. Morgan Stanley’s dividend payout ratio (DPR) is presently 56.32%.

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.