Procyon Advisors LLC Has $1.83 Million Stock Holdings in Morgan Stanley (NYSE:MS)

Procyon Advisors LLC lowered its holdings in shares of Morgan Stanley (NYSE:MS) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,538 shares of the financial services provider’s stock after selling 152 shares during the quarter. Procyon Advisors LLC’s holdings in Morgan Stanley were worth $1,828,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MS. Peoples Bank KS bought a new position in Morgan Stanley during the fourth quarter valued at about $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Morgan Stanley during the 3rd quarter valued at about $26,000. Rakuten Securities Inc. raised its stake in shares of Morgan Stanley by 138.1% in the 3rd quarter. Rakuten Securities Inc. now owns 300 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 174 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Morgan Stanley during the third quarter worth approximately $36,000. Finally, Planning Capital Management Corp boosted its position in Morgan Stanley by 115.1% during the third quarter. Planning Capital Management Corp now owns 357 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 191 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MS. Evercore ISI boosted their price objective on shares of Morgan Stanley from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday. Barclays raised their price target on Morgan Stanley from $155.00 to $156.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group boosted their price objective on Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group lifted their price target on Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada raised their price objective on shares of Morgan Stanley from $108.00 to $122.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 17th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Morgan Stanley presently has an average rating of “Hold” and an average price target of $129.40.

Morgan Stanley Price Performance

Shares of Morgan Stanley stock opened at $137.78 on Friday. Morgan Stanley has a twelve month low of $83.09 and a twelve month high of $138.08. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $221.97 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 0.97 and a beta of 1.36. The firm’s 50-day simple moving average is $128.88 and its 200-day simple moving average is $113.31.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.31. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. The company had revenue of $15.38 billion for the quarter, compared to analyst estimates of $14.27 billion. As a group, research analysts expect that Morgan Stanley will post 7.39 EPS for the current fiscal year.

Morgan Stanley Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.925 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $3.70 annualized dividend and a yield of 2.69%. Morgan Stanley’s dividend payout ratio is currently 46.60%.

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.