Lincluden Management Ltd. Boosts Stock Holdings in Morgan Stanley (NYSE:MS)

Lincluden Management Ltd. grew its position in shares of Morgan Stanley (NYSE:MS) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,857 shares of the financial services provider’s stock after acquiring an additional 562 shares during the quarter. Lincluden Management Ltd.’s holdings in Morgan Stanley were worth $4,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in shares of Morgan Stanley during the 2nd quarter worth $25,000. POM Investment Strategies LLC raised its stake in shares of Morgan Stanley by 1,147.6% during the 2nd quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 241 shares during the period. Bank & Trust Co bought a new stake in shares of Morgan Stanley during the 2nd quarter worth $26,000. Northwest Investment Counselors LLC bought a new stake in shares of Morgan Stanley during the 3rd quarter worth $26,000. Finally, Bbjs Financial Advisors LLC bought a new stake in shares of Morgan Stanley during the 2nd quarter worth $29,000. 84.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the business’s 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 sale, the director now owns 138,363 shares in the company, valued at approximately $16,488,718.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MS shares. 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. Citigroup boosted their price objective on Morgan Stanley from $98.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. Barclays upped their price target on Morgan Stanley from $121.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. JMP Securities reiterated a “market perform” rating on shares of Morgan Stanley in a research report on Thursday, July 18th. Finally, Jefferies Financial Group upped their price target on Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Morgan Stanley presently has an average rating of “Hold” and an average target price of $109.24.

Morgan Stanley Stock Performance

Shares of MS stock opened at $116.23 on Friday. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.78 and a current ratio of 0.78. Morgan Stanley has a fifty-two week low of $70.27 and a fifty-two week high of $121.45. The stock has a 50 day moving average price of $106.72 and a two-hundred day moving average price of $100.97. The company has a market capitalization of $188.89 billion, a P/E ratio of 17.69, a PEG ratio of 1.10 and a beta of 1.36.

Morgan Stanley Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Thursday, October 31st. This represents a $3.70 annualized dividend and a yield of 3.18%. Morgan Stanley’s payout ratio is currently 56.32%.

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.