Lyell Wealth Management LP Has $9.92 Million Stock Position in Morgan Stanley (NYSE:MS)

Lyell Wealth Management LP raised its holdings in Morgan Stanley (NYSE:MS) by 4.0% during the third quarter, HoldingsChannel reports. The firm owned 95,141 shares of the financial services provider’s stock after acquiring an additional 3,617 shares during the quarter. Lyell Wealth Management LP’s holdings in Morgan Stanley were worth $9,917,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Northwest Investment Counselors LLC acquired a new stake in Morgan Stanley in the third quarter valued at about $26,000. Opal Wealth Advisors LLC bought a new position in shares of Morgan Stanley in the second quarter worth about $25,000. POM Investment Strategies LLC lifted its holdings 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 worth $25,000 after acquiring an additional 241 shares during the last quarter. Bank & Trust Co bought a new stake in shares of Morgan Stanley during the 2nd quarter valued at approximately $26,000. Finally, Bbjs Financial Advisors LLC bought a new stake in shares of Morgan Stanley during the 2nd quarter valued at approximately $29,000. Institutional investors own 84.19% of the company’s stock.

Analyst Ratings Changes

MS has been the topic of several recent research reports. The Goldman Sachs Group raised their price objective on Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Citigroup raised their price objective on shares of Morgan Stanley from $98.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, July 17th. Barclays lifted their target price on shares of Morgan Stanley from $121.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Evercore ISI upped their price target on shares of Morgan Stanley from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Finally, Royal Bank of Canada lifted their price target on shares of Morgan Stanley from $108.00 to $122.00 and gave the stock a “sector perform” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $109.24.

Morgan Stanley Trading Down 1.9 %

Shares of MS stock opened at $116.85 on Friday. Morgan Stanley has a fifty-two week low of $69.42 and a fifty-two week 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 stock has a 50 day simple moving average of $105.03 and a two-hundred day simple moving average of $100.01. The company has a market cap of $189.90 billion, a P/E ratio of 21.28, a PEG ratio of 1.17 and a beta of 1.36.

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 paid a $0.925 dividend. The ex-dividend date of this dividend 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 67.40%.

Insider Activity at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now directly owns 138,363 shares in the company, valued at approximately $16,488,718.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is owned by corporate insiders.

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.