Goldstein Advisors LLC Invests $203,000 in Morgan Stanley (NYSE:MS)

Goldstein Advisors LLC bought a new position in Morgan Stanley (NYSE:MS) in the 3rd quarter, Holdings Channel.com reports. The firm bought 1,948 shares of the financial services provider’s stock, valued at approximately $203,000.

Several other hedge funds also recently made changes to their positions in the company. Capital International Investors lifted its stake in shares of Morgan Stanley by 16.3% in the 1st quarter. Capital International Investors now owns 28,481,070 shares of the financial services provider’s stock worth $2,681,778,000 after acquiring an additional 3,981,528 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Morgan Stanley by 2.4% in 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 purchasing an additional 303,654 shares during the period. Legal & General Group Plc lifted its stake in shares of 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 purchasing an additional 212,551 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Morgan Stanley by 2.8% in the second 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 first quarter. Boston Partners now owns 7,151,492 shares of the financial services provider’s stock valued at $672,969,000 after purchasing an additional 57,104 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Morgan Stanley Stock Performance

Shares of NYSE MS opened at $116.88 on Friday. The company has a market cap of $189.95 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. Morgan Stanley has a 12 month low of $69.42 and a 12 month high of $121.45. 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 company has a 50-day simple moving average of $105.34 and a 200-day simple moving average of $100.22.

Morgan Stanley Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.925 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $3.70 annualized dividend and a dividend yield of 3.17%. Morgan Stanley’s dividend payout ratio is presently 56.32%.

Insider Buying and Selling

In related news, Director Stephen J. Luczo sold 60,000 shares of the firm’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 value of $7,150,200.00. Following the sale, the director now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MS shares. JMP Securities reiterated a “market perform” rating on shares of Morgan Stanley in a research note on Thursday, July 18th. Oppenheimer cut shares of Morgan Stanley from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. Wells Fargo & Company raised their price objective on shares of Morgan Stanley from $95.00 to $107.00 and gave the company an “underweight” rating in a research note on Thursday, October 17th. Jefferies Financial Group raised their target price on shares of Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, UBS Group raised their target price 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. One investment analyst has rated the stock with a sell rating, ten have issued 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, the company has a consensus rating of “Hold” and a consensus target price of $109.24.

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.