Morgan Stanley (NYSE:MS) Shares Sold by Dakota Wealth Management

Dakota Wealth Management decreased its holdings in Morgan Stanley (NYSE:MS) by 6.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,279 shares of the financial services provider’s stock after selling 765 shares during the quarter. Dakota Wealth Management’s holdings in Morgan Stanley were worth $1,176,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new position in shares of Morgan Stanley during the 3rd quarter valued at approximately $26,000. Opal Wealth Advisors LLC purchased a new position in Morgan Stanley during the second quarter valued at $25,000. POM Investment Strategies LLC grew its position in shares of 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 valued at $25,000 after purchasing an additional 241 shares during the period. Bank & Trust Co purchased a new stake in shares of Morgan Stanley during the second quarter worth about $26,000. Finally, Bbjs Financial Advisors LLC acquired a new position in shares of Morgan Stanley during the 2nd quarter worth about $29,000. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Insider Buying and Selling

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $119.17, for a total value of $7,150,200.00. Following the transaction, the director now owns 138,363 shares of the company’s stock, valued at $16,488,718.71. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

MS has been the subject of several research reports. Wells Fargo & Company boosted their price objective on Morgan Stanley from $95.00 to $107.00 and gave the stock an “underweight” rating in a research note 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. Barclays raised their price objective on Morgan Stanley from $121.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Jefferies Financial Group upped their target price on shares of Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, UBS Group raised their price target on shares of Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $109.24.

Morgan Stanley Trading Down 1.9 %

MS opened at $116.88 on Friday. The stock has a market capitalization of $189.95 billion, a PE ratio of 17.79, a P/E/G ratio of 1.10 and a beta of 1.36. Morgan Stanley has a one year low of $69.42 and a one year high of $121.45. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.78 and a current ratio of 0.78. The business’s 50 day moving average price is $105.34 and its 200 day moving average price is $100.18.

Morgan Stanley Announces Dividend

The firm also recently declared 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. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Thursday, October 31st. Morgan Stanley’s dividend payout ratio is presently 56.32%.

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.