OLD National Bancorp IN Decreases Holdings in Morgan Stanley (NYSE:MS)

OLD National Bancorp IN trimmed its position in shares of Morgan Stanley (NYSE:MS) by 14.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,818 shares of the financial services provider’s stock after selling 1,680 shares during the period. OLD National Bancorp IN’s holdings in Morgan Stanley were worth $1,023,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Capital International Investors increased 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 during the period. Bank of New York Mellon Corp increased 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 worth $1,251,387,000 after purchasing an additional 303,654 shares during the period. Legal & General Group Plc increased 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 worth $1,029,970,000 after purchasing an additional 212,551 shares during the period. Dimensional Fund Advisors LP increased 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 worth $858,573,000 after purchasing an additional 242,896 shares during the period. Finally, Boston Partners increased 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 worth $672,969,000 after purchasing an additional 57,104 shares during the period. 84.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MS has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price target on Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Jefferies Financial Group lifted their price target on Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Citigroup lifted their price target on Morgan Stanley from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. HSBC upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research report on Friday, October 4th. Finally, JMP Securities reiterated a “market perform” rating on shares of Morgan Stanley in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $107.56.

Insider Buying and Selling at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 138,363 shares in the company, valued at approximately $16,488,718.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Stephen J. Luczo sold 60,000 shares of the company’s stock in a transaction dated 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 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mandell Crawley sold 3,500 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $105.25, for a total value of $368,375.00. Following the transaction, the insider now directly owns 43,224 shares of the company’s stock, valued at $4,549,326. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Morgan Stanley Stock Down 2.3 %

Shares of MS stock opened at $118.28 on Tuesday. Morgan Stanley has a 1-year low of $69.42 and a 1-year high of $121.45. The stock’s fifty day moving average price is $103.85 and its 200 day moving average price is $99.57. 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 market cap of $192.22 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36.

Morgan Stanley Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.925 per share. The ex-dividend date is Thursday, October 31st. This represents a $3.70 annualized dividend and a yield of 3.13%. Morgan Stanley’s payout ratio is presently 67.40%.

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.