Cyndeo Wealth Partners LLC Buys 38,720 Shares of Morgan Stanley (NYSE:MS)

Cyndeo Wealth Partners LLC raised its stake in shares of Morgan Stanley (NYSE:MS) by 75.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,863 shares of the financial services provider’s stock after purchasing an additional 38,720 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Morgan Stanley were worth $9,367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in MS. Capital International Investors grew its holdings in shares of Morgan Stanley by 16.3% in the first quarter. Capital International Investors now owns 28,481,070 shares of the financial services provider’s stock valued at $2,681,778,000 after purchasing an additional 3,981,528 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of Morgan Stanley by 600.8% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 1,301,835 shares of the financial services provider’s stock worth $122,581,000 after buying an additional 1,116,058 shares in the last quarter. Swedbank AB purchased a new position in shares of Morgan Stanley in the 1st quarter worth $87,558,000. Bessemer Group Inc. raised 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 buying an additional 633,319 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of Morgan Stanley in the 2nd quarter valued at about $43,850,000. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Morgan Stanley Stock Up 1.4 %

NYSE:MS opened at $121.06 on Friday. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.78 and a quick ratio of 0.78. Morgan Stanley has a 1-year low of $69.42 and a 1-year high of $121.45. The company has a 50-day moving average of $103.38 and a 200 day moving average of $99.34. The firm has a market cap of $196.74 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36.

Morgan Stanley Dividend Announcement

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 given a $0.925 dividend. The ex-dividend date is Thursday, October 31st. This represents a $3.70 annualized dividend and a dividend yield of 3.06%. Morgan Stanley’s payout ratio is presently 67.40%.

Insider Activity

In related news, insider Mandell Crawley sold 3,500 shares of the business’s 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 completion of the transaction, the insider now owns 43,224 shares of the company’s stock, valued at $4,549,326. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Mandell Crawley sold 3,500 shares of Morgan Stanley stock in a transaction on Friday, July 26th. The stock was 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 in the company, valued at approximately $4,549,326. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen J. Luczo sold 60,000 shares of the company’s stock in a transaction on 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 sale, the director now owns 138,363 shares of the company’s stock, valued at $16,488,718.71. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. UBS Group boosted their price objective on Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. BMO Capital Markets boosted their target price on Morgan Stanley from $116.00 to $118.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. JMP Securities restated a “market perform” rating on shares of Morgan Stanley in a research report on Thursday, July 18th. HSBC upgraded shares of 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, The Goldman Sachs Group raised 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. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $107.56.

About Morgan Stanley

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.