Beacon Harbor Wealth Advisors Inc. Buys 915 Shares of Morgan Stanley (NYSE:MS)

Beacon Harbor Wealth Advisors Inc. boosted its stake in Morgan Stanley (NYSE:MS) by 1.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 67,034 shares of the financial services provider’s stock after buying an additional 915 shares during the period. Morgan Stanley makes up 1.7% of Beacon Harbor Wealth Advisors Inc.’s portfolio, making the stock its 25th largest holding. Beacon Harbor Wealth Advisors Inc.’s holdings in Morgan Stanley were worth $6,988,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Rosenberg Matthew Hamilton grew its position in shares of Morgan Stanley by 2.6% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 3,748 shares of the financial services provider’s stock valued at $391,000 after buying an additional 96 shares during the last quarter. Compagnie Lombard Odier SCmA lifted its stake in shares of Morgan Stanley by 0.3% in the third quarter. Compagnie Lombard Odier SCmA now owns 33,850 shares of the financial services provider’s stock worth $3,529,000 after acquiring an additional 100 shares during the period. Lansing Street Advisors boosted its holdings in Morgan Stanley by 0.8% in the third quarter. Lansing Street Advisors now owns 12,284 shares of the financial services provider’s stock valued at $1,280,000 after acquiring an additional 103 shares during the last quarter. Viewpoint Capital Management LLC increased its position in Morgan Stanley by 0.9% during the 2nd quarter. Viewpoint Capital Management LLC now owns 12,319 shares of the financial services provider’s stock valued at $1,197,000 after purchasing an additional 104 shares during the period. Finally, Allen Mooney & Barnes Investment Advisors LLC raised its holdings in Morgan Stanley by 4.3% during the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 2,551 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 104 shares during the last quarter. 84.19% of the stock is owned by institutional investors.

Morgan Stanley Stock Down 2.3 %

Shares of NYSE MS opened at $128.42 on Friday. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.78 and a quick ratio of 0.78. The company has a 50-day moving average price of $108.19 and a 200-day moving average price of $101.92. The stock has a market capitalization of $208.70 billion, a P/E ratio of 19.55, a P/E/G ratio of 1.08 and a beta of 1.34. Morgan Stanley has a 1 year low of $73.96 and a 1 year high of $133.52.

Morgan Stanley Announces Dividend

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 paid a $0.925 dividend. This represents a $3.70 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, October 31st. Morgan Stanley’s dividend payout ratio (DPR) is presently 56.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MS shares. Royal Bank of Canada upped their price objective on shares of Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a research note on Thursday, October 17th. UBS Group upped their price target 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. BMO Capital Markets lifted their price objective on Morgan Stanley from $116.00 to $118.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Wells Fargo & Company upped their target price 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, The Goldman Sachs Group lifted their target price on Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. One equities 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $109.24.

Insider Activity

In related 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 sale, 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 SEC, which can be accessed through the SEC website. Corporate insiders own 0.24% of the company’s stock.

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.