Rosenberg Matthew Hamilton Purchases 96 Shares of Morgan Stanley (NYSE:MS)

Rosenberg Matthew Hamilton grew its stake in Morgan Stanley (NYSE:MS) by 2.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,748 shares of the financial services provider’s stock after acquiring an additional 96 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Morgan Stanley were worth $391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital International Investors lifted its stake in Morgan Stanley by 16.3% in the 1st quarter. Capital International Investors now owns 28,481,070 shares of the financial services provider’s stock worth $2,681,778,000 after purchasing an additional 3,981,528 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Morgan Stanley by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 12,875,677 shares of the financial services provider’s stock worth $1,251,387,000 after purchasing an additional 303,654 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Morgan Stanley by 2.0% in the 2nd quarter. Legal & General Group Plc now owns 10,597,493 shares of the financial services provider’s stock valued at $1,029,970,000 after acquiring an additional 212,551 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Morgan Stanley by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 8,834,372 shares of the financial services provider’s stock worth $858,573,000 after acquiring an additional 242,896 shares during the last quarter. Finally, Boston Partners lifted its stake in Morgan Stanley by 0.8% in the 1st quarter. Boston Partners now owns 7,151,492 shares of the financial services provider’s stock worth $672,969,000 after purchasing an additional 57,104 shares in the last quarter. Institutional investors own 84.19% of the company’s stock.

Wall Street Analysts Forecast Growth

MS has been the topic of several research reports. Barclays increased their target price on Morgan Stanley from $121.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Jefferies Financial Group lifted their target price on Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Wells Fargo & Company raised their target price 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. Citigroup lifted their price objective on shares of Morgan Stanley from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. Finally, UBS Group upped their price objective on shares of Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $109.24.

Morgan Stanley Stock Performance

MS stock traded down $2.04 during midday trading on Thursday, hitting $115.88. The stock had a trading volume of 869,854 shares, compared to its average volume of 7,041,534. The firm has a market capitalization of $188.32 billion, a price-to-earnings ratio of 17.91, a P/E/G ratio of 1.10 and a beta of 1.36. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.96. The stock has a 50-day simple moving average of $106.40 and a 200 day simple moving average of $100.86. Morgan Stanley has a 52 week low of $70.27 and a 52 week high of $121.45.

Morgan Stanley Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.925 per share. The ex-dividend date is Thursday, October 31st. This represents a $3.70 annualized dividend and a dividend yield of 3.19%. Morgan Stanley’s dividend payout ratio (DPR) is currently 56.32%.

Insider Activity 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 value of $7,150,200.00. Following the completion of the transaction, the director now directly owns 138,363 shares of the company’s stock, valued at approximately $16,488,718.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.24% of the stock is currently owned by insiders.

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.