Forum Financial Management LP Buys 134 Shares of Morgan Stanley (NYSE:MS)

Forum Financial Management LP boosted its stake in Morgan Stanley (NYSE:MS) by 0.7% during the third quarter, Holdings Channel reports. The institutional investor owned 19,161 shares of the financial services provider’s stock after buying an additional 134 shares during the period. Forum Financial Management LP’s holdings in Morgan Stanley were worth $1,997,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. 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 worth $2,681,778,000 after purchasing an additional 3,981,528 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Morgan Stanley by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 12,875,677 shares of the financial services provider’s stock worth $1,251,387,000 after purchasing an additional 303,654 shares during the period. Legal & General Group Plc raised its stake in Morgan Stanley by 2.0% in the second 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 purchasing an additional 212,551 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Morgan Stanley by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 8,834,372 shares of the financial services provider’s stock worth $858,573,000 after purchasing an additional 242,896 shares during the period. Finally, Boston Partners raised its position in shares of 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 buying an additional 57,104 shares in the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Morgan Stanley

In related 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 transaction, the director now directly owns 138,363 shares of the company’s stock, 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 can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

Morgan Stanley Price Performance

MS stock opened at $116.85 on Monday. 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 company’s fifty day simple moving average is $107.02 and its 200 day simple moving average is $101.34. Morgan Stanley has a 12-month low of $71.65 and a 12-month high of $121.45. The firm has a market cap of $189.90 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.09 and a beta of 1.34.

Morgan Stanley Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.925 per share. The ex-dividend date is Thursday, October 31st. This represents a $3.70 annualized dividend and a dividend yield of 3.17%. Morgan Stanley’s dividend payout ratio is currently 56.32%.

Analyst Ratings Changes

MS has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of Morgan Stanley from $95.00 to $107.00 and gave the company an “underweight” rating in a research report on Thursday, October 17th. Evercore ISI lifted their target price on Morgan Stanley from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. UBS Group boosted their target price on Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Hsbc Global Res raised shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Finally, Citigroup increased their price objective on shares of Morgan Stanley from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $109.24.

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.