Schrum Private Wealth Management LLC Acquires New Holdings in Morgan Stanley (NYSE:MS)

Schrum Private Wealth Management LLC bought a new stake in Morgan Stanley (NYSE:MS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,346 shares of the financial services provider’s stock, valued at approximately $349,000.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of Morgan Stanley by 0.8% during the third quarter. Principal Financial Group Inc. now owns 4,711,805 shares of the financial services provider’s stock valued at $491,159,000 after acquiring an additional 36,120 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Morgan Stanley during the 1st quarter valued at $2,660,000. Resonant Capital Advisors LLC raised its stake in shares of Morgan Stanley by 17.8% in the 2nd quarter. Resonant Capital Advisors LLC now owns 5,768 shares of the financial services provider’s stock worth $561,000 after buying an additional 871 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Morgan Stanley by 115.0% in the first quarter. Cetera Investment Advisers now owns 223,668 shares of the financial services provider’s stock valued at $20,305,000 after buying an additional 119,633 shares during the period. Finally, Swedbank AB bought a new position in Morgan Stanley during the first quarter valued at about $87,558,000. Institutional investors and hedge funds own 84.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company upped their price target on shares of Morgan Stanley from $95.00 to $107.00 and gave the company an “underweight” rating in a report on Thursday, October 17th. UBS Group raised their target price on shares of Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Jefferies Financial Group increased their price objective on Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Barclays lifted their target price on Morgan Stanley from $121.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, Oppenheimer downgraded Morgan Stanley from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $109.24.

Morgan Stanley Stock Performance

Shares of MS opened at $132.75 on Thursday. Morgan Stanley has a 52 week low of $76.33 and a 52 week high of $134.65. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $213.87 billion, a PE ratio of 20.21, a PEG ratio of 1.23 and a beta of 1.34. The company’s 50 day moving average price is $110.49 and its 200 day moving average price is $103.05.

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

Morgan Stanley Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.925 dividend. This represents a $3.70 annualized dividend and a yield of 2.79%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s payout ratio is currently 56.32%.

Insider Transactions at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of Morgan Stanley stock in a transaction that occurred 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 $16,488,718.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.24% of the company’s stock.

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.