Schrum Private Wealth Management LLC Purchases Shares of 3,346 Morgan Stanley (NYSE:MS)

Schrum Private Wealth Management LLC acquired a new position in Morgan Stanley (NYSE:MS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,346 shares of the financial services provider’s stock, valued at approximately $349,000.

Other large investors have also modified their holdings of the company. Capital International Investors lifted its position in Morgan Stanley by 16.3% during 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 last quarter. Bank of New York Mellon Corp boosted its stake in Morgan Stanley by 2.4% during the 2nd 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 grew its holdings in Morgan Stanley by 2.0% in the 2nd 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 buying an additional 212,551 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Morgan Stanley by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,834,372 shares of the financial services provider’s stock worth $858,573,000 after buying an additional 242,896 shares during the period. Finally, Boston Partners increased its position in 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 buying an additional 57,104 shares during the period. 84.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Oppenheimer downgraded shares of Morgan Stanley from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. Wells Fargo & Company boosted their price objective on shares of Morgan Stanley from $95.00 to $107.00 and gave the stock an “underweight” rating in a report on Thursday, October 17th. The Goldman Sachs Group increased their target price 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 boosted their price target on Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a research note on Thursday, October 17th. Finally, Hsbc Global Res upgraded Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $109.24.

Insider Transactions at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the company’s stock in a transaction on 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 transaction, the director now 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 can be accessed through the SEC website. 0.24% of the stock is owned by company insiders.

Morgan Stanley Trading Up 0.3 %

Shares of MS stock opened at $132.75 on Thursday. The company has a market capitalization of $213.87 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.23 and a beta of 1.34. The firm has a 50-day moving average price of $110.49 and a 200 day moving average price of $103.05. 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 12-month low of $76.33 and a 12-month high of $134.65.

Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.31. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. The company had revenue of $15.38 billion during the quarter, compared to analyst estimates of $14.27 billion. Research analysts forecast that Morgan Stanley will post 7.32 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.925 dividend. This represents a $3.70 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s dividend payout ratio is presently 56.32%.

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.