Xcel Wealth Management LLC Sells 160 Shares of Morgan Stanley (NYSE:MS)

Xcel Wealth Management LLC decreased its stake in shares of Morgan Stanley (NYSE:MS) by 0.3% in the third quarter, Holdings Channel reports. The institutional investor owned 58,115 shares of the financial services provider’s stock after selling 160 shares during the quarter. Morgan Stanley accounts for about 1.8% of Xcel Wealth Management LLC’s holdings, making the stock its 15th biggest position. Xcel Wealth Management LLC’s holdings in Morgan Stanley were worth $6,058,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Capital International Investors boosted its position in shares of Morgan Stanley by 16.3% during the first quarter. Capital International Investors now owns 28,481,070 shares of the financial services provider’s stock valued at $2,681,778,000 after buying an additional 3,981,528 shares during the last quarter. Bank of New York Mellon Corp increased its position in Morgan Stanley by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 12,875,677 shares of the financial services provider’s stock valued at $1,251,387,000 after acquiring an additional 303,654 shares during the last quarter. Legal & General Group Plc lifted its holdings in Morgan Stanley by 2.0% in the second quarter. Legal & General Group Plc now owns 10,597,493 shares of the financial services provider’s stock valued at $1,029,970,000 after acquiring an additional 212,551 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Morgan Stanley by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,834,372 shares of the financial services provider’s stock valued at $858,573,000 after purchasing an additional 242,896 shares during the period. Finally, Boston Partners lifted its stake in shares of Morgan Stanley by 0.8% in the 1st quarter. Boston Partners now owns 7,151,492 shares of the financial services provider’s stock worth $672,969,000 after purchasing an additional 57,104 shares during the period. Institutional investors own 84.19% of the company’s stock.

Insider Activity

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of Morgan Stanley stock in a transaction 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 completion of the transaction, the director now directly owns 138,363 shares of the company’s stock, valued at $16,488,718.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other 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 value of $7,150,200.00. Following the sale, the director now directly owns 138,363 shares in the company, valued at approximately $16,488,718.71. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mandell Crawley sold 3,500 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $105.25, for a total value of $368,375.00. Following the transaction, the insider now owns 43,224 shares of the company’s stock, valued at approximately $4,549,326. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MS. JMP Securities reaffirmed a “market perform” rating on shares of Morgan Stanley in a report on Thursday, July 18th. Barclays raised their target price on Morgan Stanley from $121.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. HSBC upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research note on Friday, October 4th. Hsbc Global Res raised shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Finally, Royal Bank of Canada raised their price target on Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Morgan Stanley currently has an average rating of “Hold” and an average price target of $107.56.

Morgan Stanley Price Performance

Shares of Morgan Stanley stock traded up $0.01 during trading hours on Tuesday, reaching $118.29. The company’s stock had a trading volume of 1,766,028 shares, compared to its average volume of 7,095,079. The firm has a 50 day moving average price of $103.85 and a 200-day moving average price of $99.57. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market cap of $192.24 billion, a P/E ratio of 21.55, a P/E/G ratio of 1.17 and a beta of 1.36. Morgan Stanley has a one year low of $69.42 and a one year high of $121.45.

Morgan Stanley Announces Dividend

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 dividend of $0.925 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a yield of 3.13%. Morgan Stanley’s dividend payout ratio (DPR) is presently 67.40%.

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.