Lindbrook Capital LLC Buys 388 Shares of Morgan Stanley (NYSE:MS)

Lindbrook Capital LLC lifted its position in Morgan Stanley (NYSE:MS) by 6.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,083 shares of the financial services provider’s stock after purchasing an additional 388 shares during the period. Lindbrook Capital LLC’s holdings in Morgan Stanley were worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in shares of Morgan Stanley during the 2nd quarter valued at about $25,000. POM Investment Strategies LLC boosted its holdings 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 valued at $25,000 after purchasing an additional 241 shares during the last quarter. Bank & Trust Co purchased a new position in Morgan Stanley during the 2nd quarter valued at approximately $26,000. Northwest Investment Counselors LLC bought a new stake in Morgan Stanley in the third quarter worth $26,000. Finally, Bbjs Financial Advisors LLC bought a new position in shares of Morgan Stanley in the 2nd quarter valued at about $29,000. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Morgan Stanley Stock Up 0.8 %

Morgan Stanley stock opened at $129.53 on Friday. The stock’s 50 day moving average price is $109.23 and its 200 day moving average price is $102.36. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.80 and a quick ratio of 0.78. The company has a market cap of $208.68 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.23 and a beta of 1.34. Morgan Stanley has a 1-year low of $73.96 and a 1-year high of $133.52.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, topping 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 analyst estimates of $14.27 billion. On average, sell-side analysts predict that Morgan Stanley will post 7.29 EPS for the current fiscal year.

Morgan Stanley Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.925 per share. This represents a $3.70 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s dividend payout ratio is currently 56.32%.

Analysts Set New Price Targets

MS has been the subject of several analyst reports. Oppenheimer downgraded shares of Morgan Stanley from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. UBS Group upped their price target on shares of Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. 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 research note on Thursday, October 17th. Hsbc Global Res raised Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Citigroup lifted their target price on shares of Morgan Stanley from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $109.24.

Insiders Place Their Bets

In other news, Director Stephen J. Luczo sold 60,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 138,363 shares of the company’s stock, valued at approximately $16,488,718.71. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.