Good Life Advisors LLC raised its stake in Morgan Stanley (NYSE:MS – Free Report) by 10.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,513 shares of the financial services provider’s stock after purchasing an additional 931 shares during the period. Good Life Advisors LLC’s holdings in Morgan Stanley were worth $992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in shares of Morgan Stanley in the 2nd quarter worth approximately $25,000. POM Investment Strategies LLC grew its holdings in Morgan Stanley by 1,147.6% in the second quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 241 shares during the last quarter. Bank & Trust Co acquired a new position in shares of Morgan Stanley during the second quarter worth $26,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Morgan Stanley during the 2nd quarter valued at $29,000. Finally, Lynx Investment Advisory acquired a new stake in shares of Morgan Stanley in the 2nd quarter worth $30,000. 84.19% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, insider Mandell Crawley sold 3,500 shares of Morgan Stanley stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $105.25, for a total value of $368,375.00. Following the completion of the transaction, the insider now owns 43,224 shares in the company, valued at $4,549,326. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.24% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Stock Report on Morgan Stanley
Morgan Stanley Stock Down 0.1 %
Shares of MS stock opened at $119.45 on Friday. Morgan Stanley has a twelve month low of $69.42 and a twelve month high of $121.45. The stock has a market cap of $194.13 billion, a P/E ratio of 21.76, a P/E/G ratio of 1.17 and a beta of 1.36. The stock has a 50 day moving average of $102.86 and a 200 day moving average of $99.10. 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 (NYSE:MS – Get Free Report) last posted its earnings results on Tuesday, July 16th. The financial services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.17. Morgan Stanley had a net margin of 10.17% and a return on equity of 11.85%. The firm had revenue of $15.02 billion during the quarter, compared to analyst estimates of $14.32 billion. During the same period in the previous year, the firm earned $1.24 EPS. The business’s quarterly revenue was up 11.6% on a year-over-year basis. As a group, sell-side analysts expect that Morgan Stanley will post 6.95 EPS for the current year.
Morgan Stanley Dividend Announcement
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 issued a $0.925 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a yield of 3.10%. Morgan Stanley’s payout ratio is 67.40%.
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.
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