SteelPeak Wealth LLC Boosts Stake in Morgan Stanley (NYSE:MS)

SteelPeak Wealth LLC boosted its holdings in Morgan Stanley (NYSE:MS) by 166.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,338 shares of the financial services provider’s stock after acquiring an additional 35,852 shares during the quarter. SteelPeak Wealth LLC’s holdings in Morgan Stanley were worth $5,977,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MS. Wealthcare Advisory Partners LLC purchased a new position in Morgan Stanley in the 1st quarter valued at approximately $223,000. Valeo Financial Advisors LLC raised its holdings in Morgan Stanley by 13.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 18,971 shares of the financial services provider’s stock valued at $1,786,000 after acquiring an additional 2,193 shares during the last quarter. Norden Group LLC boosted its holdings in Morgan Stanley by 2,355.6% in the first quarter. Norden Group LLC now owns 138,496 shares of the financial services provider’s stock valued at $13,041,000 after acquiring an additional 132,856 shares during the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of Morgan Stanley by 14.7% during the 1st quarter. First Trust Direct Indexing L.P. now owns 31,864 shares of the financial services provider’s stock worth $3,000,000 after purchasing an additional 4,085 shares during the period. Finally, Oak Harvest Investment Services boosted its holdings in Morgan Stanley by 48.6% in the first quarter. Oak Harvest Investment Services now owns 121,257 shares of the financial services provider’s stock valued at $11,418,000 after purchasing an additional 39,683 shares during the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on MS shares. The Goldman Sachs Group increased their price objective on shares of Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada upped their price objective on Morgan Stanley from $108.00 to $122.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 17th. Citigroup increased their price target on Morgan Stanley from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. BMO Capital Markets raised their price target on Morgan Stanley from $116.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Finally, Hsbc Global Res raised shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $109.24.

Insider Activity

In related news, Director Stephen J. Luczo sold 60,000 shares of the company’s 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 sale, the director now directly owns 138,363 shares of the company’s stock, valued at approximately $16,488,718.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Morgan Stanley Stock Down 0.6 %

MS traded down $0.71 on Wednesday, reaching $118.59. 1,560,316 shares of the company traded hands, compared to its average volume of 7,051,339. The stock’s 50 day moving average price is $106.06 and its 200-day moving average price is $100.74. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.78 and a quick ratio of 0.78. Morgan Stanley has a 52-week low of $70.27 and a 52-week high of $121.45. The company has a market cap of $192.73 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 1.10 and a beta of 1.36.

Morgan Stanley Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.925 per share. The ex-dividend date is Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.12%. Morgan Stanley’s dividend payout ratio is currently 56.32%.

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.