Sippican Capital Advisors Has $631,000 Stock Position in Morgan Stanley (NYSE:MS)

Sippican Capital Advisors decreased its position in Morgan Stanley (NYSE:MS) by 5.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,050 shares of the financial services provider’s stock after selling 379 shares during the period. Sippican Capital Advisors’ holdings in Morgan Stanley were worth $631,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MS. Catalyst Financial Partners LLC raised its holdings in shares of Morgan Stanley by 5.9% in the 3rd quarter. Catalyst Financial Partners LLC now owns 6,645 shares of the financial services provider’s stock worth $693,000 after buying an additional 368 shares in the last quarter. Goldstone Financial Group LLC acquired a new position in shares of Morgan Stanley in the 3rd quarter worth approximately $486,000. Financial Advocates Investment Management acquired a new stake in Morgan Stanley during the 3rd quarter valued at $274,000. Oak Harvest Investment Services increased its holdings in Morgan Stanley by 4.8% during the 3rd quarter. Oak Harvest Investment Services now owns 141,014 shares of the financial services provider’s stock valued at $14,699,000 after purchasing an additional 6,473 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its holdings in Morgan Stanley by 166.9% during the 3rd quarter. SteelPeak Wealth LLC now owns 57,338 shares of the financial services provider’s stock valued at $5,977,000 after purchasing an additional 35,852 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Royal Bank of Canada increased their price objective on Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a research report on Thursday, October 17th. Jefferies Financial Group increased their price objective on Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. UBS Group increased their price objective on Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Citigroup increased their price objective on Morgan Stanley from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Finally, The Goldman Sachs Group raised their price target on Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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 stock in a transaction dated 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 completion of the sale, the director now owns 138,363 shares in the company, valued at approximately $16,488,718.71. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.24% of the company’s stock.

Morgan Stanley Stock Up 0.4 %

Shares of MS traded up $0.45 on Thursday, reaching $117.45. The company’s stock had a trading volume of 375,488 shares, compared to its average volume of 7,038,337. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.96. Morgan Stanley has a twelve month low of $70.27 and a twelve month high of $121.45. The stock has a market capitalization of $190.88 billion, a PE ratio of 17.91, a PEG ratio of 1.10 and a beta of 1.36. The firm has a fifty day moving average of $106.40 and a 200-day moving average of $100.86.

Morgan Stanley Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.925 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $3.70 annualized dividend and a yield of 3.15%. Morgan Stanley’s dividend payout ratio (DPR) is 56.32%.

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.