Glass Wealth Management Co LLC Buys 1,088 Shares of Morgan Stanley (NYSE:MS)

Glass Wealth Management Co LLC boosted its stake in shares of Morgan Stanley (NYSE:MS) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,783 shares of the financial services provider’s stock after purchasing an additional 1,088 shares during the period. Morgan Stanley comprises 1.5% of Glass Wealth Management Co LLC’s portfolio, making the stock its 28th largest holding. Glass Wealth Management Co LLC’s holdings in Morgan Stanley were worth $2,688,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Edgestream Partners L.P. grew its holdings in shares of Morgan Stanley by 58.0% in the first quarter. Edgestream Partners L.P. now owns 4,303 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 1,580 shares during the period. Jacobi Capital Management LLC boosted its position in Morgan Stanley by 30.7% in the first quarter. Jacobi Capital Management LLC now owns 3,298 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 775 shares during the last quarter. Covestor Ltd grew its stake in shares of Morgan Stanley by 110.3% during the 1st quarter. Covestor Ltd now owns 1,409 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 739 shares during the period. Penobscot Investment Management Company Inc. increased its position in shares of Morgan Stanley by 5.4% during the 1st quarter. Penobscot Investment Management Company Inc. now owns 13,071 shares of the financial services provider’s stock valued at $1,231,000 after purchasing an additional 674 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Morgan Stanley by 433.4% during the 1st quarter. Bessemer Group Inc. now owns 779,451 shares of the financial services provider’s stock valued at $73,392,000 after purchasing an additional 633,319 shares during the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MS. Hsbc Global Res upgraded shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Royal Bank of Canada boosted 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 report on Thursday, October 17th. Jefferies Financial Group upped their price objective on Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. The Goldman Sachs Group lifted their target price on Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company upgraded Morgan Stanley from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $107.00 to $142.00 in a research report on Friday. Eleven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Morgan Stanley presently has an average rating of “Hold” and a consensus price target of $111.29.

Morgan Stanley Trading Up 1.2 %

MS stock opened at $134.06 on Monday. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.80 and a quick ratio of 0.80. Morgan Stanley has a 1-year low of $76.33 and a 1-year high of $134.91. The business has a 50 day simple moving average of $112.55 and a two-hundred day simple moving average of $103.93. The company has a market capitalization of $215.98 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.25 and a beta of 1.34.

Morgan Stanley (NYSE:MS) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.57 by $0.31. The firm had revenue of $15.38 billion for the quarter, compared to the consensus estimate of $14.27 billion. Morgan Stanley had a net margin of 10.64% and a return on equity of 12.58%. Research analysts anticipate that Morgan Stanley will post 7.32 EPS for the current fiscal year.

Morgan Stanley Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.925 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 2.76%. Morgan Stanley’s payout ratio is 56.32%.

Insider Transactions at Morgan Stanley

In other news, Director Stephen J. Luczo sold 60,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 138,363 shares in the company, valued at approximately $16,488,718.71. This represents a 30.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

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.