Resurgent Financial Advisors LLC Acquires 935 Shares of Morgan Stanley (NYSE:MS)

Resurgent Financial Advisors LLC increased its holdings in Morgan Stanley (NYSE:MS) by 13.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,841 shares of the financial services provider’s stock after purchasing an additional 935 shares during the period. Resurgent Financial Advisors LLC’s holdings in Morgan Stanley were worth $817,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Rosenberg Matthew Hamilton grew its stake in shares of Morgan Stanley by 2.6% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 3,748 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 96 shares during the period. Omnia Family Wealth LLC grew its stake in shares of Morgan Stanley by 3.3% during the 3rd quarter. Omnia Family Wealth LLC now owns 3,063 shares of the financial services provider’s stock valued at $319,000 after purchasing an additional 97 shares during the period. TFB Advisors LLC grew its stake in shares of Morgan Stanley by 3.9% during the 3rd quarter. TFB Advisors LLC now owns 2,662 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 99 shares during the period. Compagnie Lombard Odier SCmA grew its stake in shares of Morgan Stanley by 0.3% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 33,850 shares of the financial services provider’s stock valued at $3,529,000 after acquiring an additional 100 shares during the period. Finally, Lansing Street Advisors grew its stake in shares of Morgan Stanley by 0.8% during the 3rd quarter. Lansing Street Advisors now owns 12,284 shares of the financial services provider’s stock valued at $1,280,000 after acquiring an additional 103 shares during the period. 84.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. HSBC downgraded Morgan Stanley from a “buy” rating to a “hold” rating and boosted their price objective for the company from $128.00 to $131.00 in a research note on Tuesday, November 26th. UBS Group boosted their price objective on Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Royal Bank of Canada boosted their price target on Morgan Stanley from $108.00 to $122.00 and gave the stock a “sector perform” rating in a report on Thursday, October 17th. The Goldman Sachs Group boosted their price target on Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Citigroup boosted their price target on Morgan Stanley from $105.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $120.67.

Morgan Stanley Stock Down 0.3 %

Shares of MS opened at $129.99 on Thursday. The company has a market cap of $209.42 billion, a PE ratio of 19.79, a P/E/G ratio of 1.22 and a beta of 1.35. The business has a fifty day moving average of $120.97 and a 200 day moving average of $107.05. Morgan Stanley has a 52-week low of $79.32 and a 52-week high of $136.24. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.31. The company had revenue of $15.38 billion during the quarter, compared to the consensus estimate of $14.27 billion. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. On average, sell-side analysts expect that Morgan Stanley will post 7.32 EPS for the current year.

Morgan Stanley Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.925 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a yield of 2.85%. Morgan Stanley’s dividend payout ratio is presently 56.32%.

Insider Buying and Selling

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the 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 in the company, valued at $16,488,718.71. This trade represents a 30.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is owned by corporate insiders.

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.