CreativeOne Wealth LLC Raises Stock Holdings in Morgan Stanley (NYSE:MS)

CreativeOne Wealth LLC grew its stake in Morgan Stanley (NYSE:MS) by 121.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,591 shares of the financial services provider’s stock after purchasing an additional 9,090 shares during the period. CreativeOne Wealth LLC’s holdings in Morgan Stanley were worth $1,729,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MS. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Morgan Stanley by 382.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,597,800 shares of the financial services provider’s stock valued at $166,555,000 after purchasing an additional 1,266,600 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Morgan Stanley by 2.7% in the third quarter. Fisher Asset Management LLC now owns 22,404,981 shares of the financial services provider’s stock valued at $2,335,495,000 after purchasing an additional 590,872 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in shares of Morgan Stanley in the second quarter valued at approximately $43,850,000. Raymond James & Associates grew its holdings in Morgan Stanley by 19.8% during the third quarter. Raymond James & Associates now owns 2,077,282 shares of the financial services provider’s stock worth $216,536,000 after acquiring an additional 343,234 shares during the period. Finally, OFI Invest Asset Management grew its holdings in Morgan Stanley by 16,858.9% during the second quarter. OFI Invest Asset Management now owns 339,348 shares of the financial services provider’s stock worth $30,773,000 after acquiring an additional 337,347 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MS. UBS Group upped their price objective on Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Barclays upped their price objective on Morgan Stanley from $121.00 to $135.00 and gave the stock an “overweight” rating in a report 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 report on Thursday, October 17th. Wells Fargo & Company raised Morgan Stanley from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $107.00 to $142.00 in a report on Friday, November 15th. Finally, Jefferies Financial Group upped their price objective on Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $118.00.

Morgan Stanley Stock Down 0.1 %

Shares of NYSE:MS opened at $131.21 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14. Morgan Stanley has a 52-week low of $76.33 and a 52-week high of $136.24. The stock’s fifty day simple moving average is $118.71 and its 200-day simple moving average is $106.14. The company has a market capitalization of $211.38 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.24 and a beta of 1.34.

Morgan Stanley (NYSE:MS) last released its earnings results on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share for the quarter, topping 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 firm had revenue of $15.38 billion for the quarter, compared to the consensus estimate of $14.27 billion. As a group, equities research analysts forecast that Morgan Stanley will post 7.32 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.925 per share. The ex-dividend date was Thursday, October 31st. This represents a $3.70 annualized dividend and a yield of 2.82%. Morgan Stanley’s dividend payout ratio (DPR) is presently 56.32%.

Insider Buying and Selling

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was 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 in the company, valued at $16,488,718.71. This represents a 30.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.24% of the stock is currently owned by company insiders.

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.