Greenwich Wealth Management LLC Cuts Stock Holdings in Morgan Stanley (NYSE:MS)

Greenwich Wealth Management LLC trimmed its holdings in shares of Morgan Stanley (NYSE:MS) by 90.3% during the third quarter, HoldingsChannel reports. The firm owned 12,667 shares of the financial services provider’s stock after selling 118,400 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Morgan Stanley were worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Capital International Investors raised its stake in Morgan Stanley by 16.3% in the 1st quarter. Capital International Investors now owns 28,481,070 shares of the financial services provider’s stock valued at $2,681,778,000 after acquiring an additional 3,981,528 shares during the period. Bank of New York Mellon Corp raised its stake in Morgan Stanley by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,875,677 shares of the financial services provider’s stock valued at $1,251,387,000 after acquiring an additional 303,654 shares during the period. Legal & General Group Plc raised its stake in Morgan Stanley by 2.0% in the 2nd quarter. Legal & General Group Plc now owns 10,597,493 shares of the financial services provider’s stock valued at $1,029,970,000 after acquiring an additional 212,551 shares during the period. Dimensional Fund Advisors LP raised its stake in Morgan Stanley by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,834,372 shares of the financial services provider’s stock valued at $858,573,000 after acquiring an additional 242,896 shares during the period. Finally, Boston Partners raised its stake in Morgan Stanley by 0.8% in the 1st quarter. Boston Partners now owns 7,151,492 shares of the financial services provider’s stock valued at $672,969,000 after acquiring an additional 57,104 shares during the period. 84.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MS has been the topic of several analyst reports. UBS Group upped their price target on Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group upped their price target on Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Hsbc Global Res upgraded Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Wells Fargo & Company upped their price target on Morgan Stanley from $95.00 to $107.00 and gave the company an “underweight” rating in a research report on Thursday, October 17th. Finally, Evercore ISI boosted their price objective on Morgan Stanley from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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 on Thursday, October 17th. The stock was sold at an average price of $119.17, for a total value of $7,150,200.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.24% of the company’s stock.

Morgan Stanley Trading Up 0.5 %

MS stock traded up $0.60 during midday trading on Friday, hitting $116.85. The company had a trading volume of 4,372,177 shares, compared to its average volume of 7,050,190. 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 52 week low of $71.65 and a 52 week high of $121.45. The stock’s 50 day moving average price is $107.02 and its 200 day moving average price is $101.17. The stock has a market cap of $189.90 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.10 and a beta of 1.36.

Morgan Stanley Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.925 dividend. This represents a $3.70 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Thursday, October 31st. Morgan Stanley’s dividend payout ratio (DPR) is currently 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.