Janney Capital Management LLC Has $15.36 Million Stock Holdings in Morgan Stanley (NYSE:MS)

Janney Capital Management LLC lessened its position in shares of Morgan Stanley (NYSE:MS) by 1.4% in the third quarter, HoldingsChannel reports. The fund owned 147,348 shares of the financial services provider’s stock after selling 2,026 shares during the period. Janney Capital Management LLC’s holdings in Morgan Stanley were worth $15,360,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bayesian Capital Management LP acquired a new stake in shares of Morgan Stanley during the 1st quarter worth approximately $2,660,000. Resonant Capital Advisors LLC increased its holdings in shares of Morgan Stanley by 17.8% during the second quarter. Resonant Capital Advisors LLC now owns 5,768 shares of the financial services provider’s stock worth $561,000 after buying an additional 871 shares in the last quarter. Cetera Investment Advisers raised its position in Morgan Stanley by 115.0% in the first quarter. Cetera Investment Advisers now owns 223,668 shares of the financial services provider’s stock valued at $20,305,000 after purchasing an additional 119,633 shares during the last quarter. AIA Group Ltd raised its holdings in Morgan Stanley by 96.6% in the 1st quarter. AIA Group Ltd now owns 33,598 shares of the financial services provider’s stock valued at $3,164,000 after buying an additional 16,507 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of Morgan Stanley during the first quarter worth $87,558,000. 84.19% of the stock is currently owned by institutional investors.

Morgan Stanley Stock Up 0.5 %

MS stock opened at $116.85 on Friday. The stock has a market cap of $189.90 billion, a P/E ratio of 17.79, a PEG ratio of 1.09 and a beta of 1.34. Morgan Stanley has a twelve month low of $71.65 and a twelve month high of $121.45. The business’s 50-day moving average price is $107.02 and its 200-day moving average price is $101.26. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.96.

Morgan Stanley Dividend Announcement

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 paid a dividend of $0.925 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $3.70 annualized dividend and a yield of 3.17%. Morgan Stanley’s payout ratio is 56.32%.

Analysts Set New Price Targets

MS has been the topic of a number of analyst reports. Hsbc Global Res raised shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Barclays boosted their price objective on Morgan Stanley from $121.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. HSBC upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Friday, October 4th. BMO Capital Markets raised their price objective on Morgan Stanley from $116.00 to $118.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Finally, Oppenheimer downgraded Morgan Stanley from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $109.24.

Insider Activity

In other news, Director Stephen J. Luczo sold 60,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $16,488,718.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.

Morgan Stanley 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.