Summit Trail Advisors LLC Has $1.07 Million Holdings in Morgan Stanley (NYSE:MS)

Summit Trail Advisors LLC raised its stake in Morgan Stanley (NYSE:MS) by 12.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,237 shares of the financial services provider’s stock after buying an additional 1,131 shares during the quarter. Summit Trail Advisors LLC’s holdings in Morgan Stanley were worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MS. Opal Wealth Advisors LLC bought a new position in Morgan Stanley during the second quarter worth about $25,000. POM Investment Strategies LLC lifted 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 in the last quarter. Bank & Trust Co bought a new position in shares of Morgan Stanley during the 2nd quarter valued at about $26,000. Northwest Investment Counselors LLC bought a new stake in Morgan Stanley during the 3rd quarter worth approximately $26,000. Finally, Bbjs Financial Advisors LLC bought a new stake in Morgan Stanley during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 84.19% of the company’s stock.

Morgan Stanley Stock Performance

NYSE MS opened at $133.67 on Tuesday. The company has a market capitalization of $215.35 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.25 and a beta of 1.34. 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 has a twelve month low of $76.33 and a twelve month high of $136.24. The stock has a fifty day simple moving average of $116.83 and a 200 day simple moving average of $105.55.

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 firm had revenue of $15.38 billion during the quarter, compared to analyst estimates of $14.27 billion. Sell-side analysts expect that Morgan Stanley will post 7.32 EPS for the current year.

Morgan Stanley Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.925 per share. 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 2.77%. Morgan Stanley’s dividend payout ratio (DPR) is currently 56.32%.

Insider Transactions at Morgan Stanley

In other Morgan Stanley 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 transaction of $7,150,200.00. Following the transaction, the director now directly owns 138,363 shares in the company, valued at approximately $16,488,718.71. This represents a 30.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays increased their price objective on shares of Morgan Stanley from $121.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Royal Bank of Canada raised their target price on shares of Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a research note on Thursday, October 17th. HSBC raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Friday, October 4th. 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 report on Tuesday, October 8th. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $114.81.

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.