Brooklyn Investment Group Grows Position in Morgan Stanley (NYSE:MS)

Brooklyn Investment Group raised its position in Morgan Stanley (NYSE:MS) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,723 shares of the financial services provider’s stock after purchasing an additional 721 shares during the quarter. Morgan Stanley accounts for approximately 1.0% of Brooklyn Investment Group’s holdings, making the stock its 17th biggest holding. Brooklyn Investment Group’s holdings in Morgan Stanley were worth $2,994,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of Morgan Stanley by 0.8% in the third quarter. Principal Financial Group Inc. now owns 4,711,805 shares of the financial services provider’s stock worth $491,159,000 after buying an additional 36,120 shares during the period. Resonant Capital Advisors LLC grew its position in 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 valued at $561,000 after acquiring an additional 871 shares during the last quarter. Cetera Investment Advisers grew its position in Morgan Stanley by 115.0% in the 1st quarter. Cetera Investment Advisers now owns 223,668 shares of the financial services provider’s stock valued at $20,305,000 after acquiring an additional 119,633 shares during the last quarter. Swedbank AB bought a new stake in shares of Morgan Stanley during the first quarter worth $87,558,000. Finally, Catalytic Wealth RIA LLC bought a new stake in shares of Morgan Stanley during the third quarter worth $579,000. Institutional investors own 84.19% of the company’s stock.

Morgan Stanley Stock Down 0.8 %

Shares of Morgan Stanley stock opened at $133.67 on Tuesday. Morgan Stanley has a 52-week low of $76.33 and a 52-week high of $136.24. The firm’s 50 day moving average price is $116.83 and its 200-day moving average price is $105.55. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14. The company has a market cap of $215.35 billion, a P/E ratio of 20.35, a PEG ratio of 1.25 and a beta of 1.34.

Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share (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 7.32 EPS for the current fiscal year.

Morgan Stanley Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.925 per share. This represents a $3.70 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Thursday, October 31st. Morgan Stanley’s dividend payout ratio is currently 56.32%.

Insider Buying and Selling at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $119.17, for a total transaction of $7,150,200.00. Following the transaction, the director now owns 138,363 shares in the company, valued at approximately $16,488,718.71. This represents a 30.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. HSBC downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating and raised their price target for the stock from $128.00 to $131.00 in a research note on Tuesday. Barclays raised their target price on shares of Morgan Stanley from $121.00 to $135.00 and gave the stock an “overweight” rating in a research 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 company a “neutral” rating in a report on Thursday, October 17th. UBS Group increased their price objective on Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Finally, Citigroup upped their target price on Morgan Stanley from $105.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday. Eleven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Morgan Stanley currently has an average rating of “Hold” and an average price target of $115.63.

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.