Radnor Capital Management LLC Makes New $1.32 Million Investment in Morgan Stanley (NYSE:MS)

Radnor Capital Management LLC bought a new position in Morgan Stanley (NYSE:MS) in the 3rd quarter, Holdings Channel reports. The firm bought 12,629 shares of the financial services provider’s stock, valued at approximately $1,316,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Alpha LLC grew its holdings in Morgan Stanley by 4.6% during the 1st quarter. Advisory Alpha LLC now owns 2,644 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 117 shares in the last quarter. Manchester Capital Management LLC boosted its stake in shares of Morgan Stanley by 6.9% during the first quarter. Manchester Capital Management LLC now owns 3,135 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 202 shares in the last quarter. Empirical Finance LLC increased its holdings in Morgan Stanley by 3.3% during the first quarter. Empirical Finance LLC now owns 48,371 shares of the financial services provider’s stock valued at $4,555,000 after buying an additional 1,531 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in Morgan Stanley by 12.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 125,000 shares of the financial services provider’s stock worth $11,770,000 after buying an additional 14,175 shares in the last quarter. Finally, AIA Group Ltd lifted its holdings in Morgan Stanley by 96.6% during the first quarter. AIA Group Ltd now owns 33,598 shares of the financial services provider’s stock worth $3,164,000 after buying an additional 16,507 shares during the period. Institutional investors own 84.19% of the company’s stock.

Morgan Stanley Trading Up 11.6 %

Shares of NYSE:MS opened at $131.43 on Thursday. The business 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 cap of $213.59 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 1.09 and a beta of 1.34. Morgan Stanley has a 52-week low of $73.96 and a 52-week high of $133.52. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.96.

Morgan Stanley Dividend Announcement

The firm also recently disclosed 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. This represents a $3.70 annualized dividend and a yield of 2.82%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s payout ratio is 56.32%.

Insider Activity

In related news, Director Stephen J. Luczo sold 60,000 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $119.17, for a total transaction of $7,150,200.00. Following the completion of the transaction, the director now directly owns 138,363 shares in the company, valued at $16,488,718.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. JMP Securities reiterated a “market perform” rating on shares of Morgan Stanley in a report on Thursday, July 18th. The Goldman Sachs Group boosted their target price on shares of Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. HSBC upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a report on Friday, October 4th. UBS Group boosted their price objective 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. Finally, Jefferies Financial Group raised their target price on shares of Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, ten have assigned 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, Morgan Stanley presently has an average rating of “Hold” and a consensus target price of $109.24.

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.