Radnor Capital Management LLC Buys Shares of 12,629 Morgan Stanley (NYSE:MS)

Radnor Capital Management LLC purchased a new position in shares of Morgan Stanley (NYSE:MS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 12,629 shares of the financial services provider’s stock, valued at approximately $1,316,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Rosenberg Matthew Hamilton lifted its holdings in Morgan Stanley by 2.6% during the third quarter. Rosenberg Matthew Hamilton now owns 3,748 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 96 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its holdings in Morgan Stanley by 0.3% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 33,850 shares of the financial services provider’s stock worth $3,529,000 after buying an additional 100 shares during the period. Lansing Street Advisors increased its stake in Morgan Stanley by 0.8% in the 3rd quarter. Lansing Street Advisors now owns 12,284 shares of the financial services provider’s stock worth $1,280,000 after buying an additional 103 shares in the last quarter. Viewpoint Capital Management LLC raised its holdings in Morgan Stanley by 0.9% during the second quarter. Viewpoint Capital Management LLC now owns 12,319 shares of the financial services provider’s stock valued at $1,197,000 after acquiring an additional 104 shares during the period. Finally, Allen Mooney & Barnes Investment Advisors LLC lifted its position in shares of Morgan Stanley by 4.3% in the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 2,551 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 104 shares in the last quarter. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MS has been the topic of several recent analyst reports. Oppenheimer downgraded Morgan Stanley from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. BMO Capital Markets lifted their price objective on shares of Morgan Stanley from $116.00 to $118.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Citigroup boosted their price target on shares of Morgan Stanley from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. Jefferies Financial Group lifted their target price on Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, UBS Group boosted their target price on Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $109.24.

Morgan Stanley Price Performance

MS stock opened at $131.43 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.96. Morgan Stanley has a 12 month low of $73.96 and a 12 month high of $133.52. The stock has a market cap of $213.59 billion, a PE ratio of 20.00, a P/E/G ratio of 1.09 and a beta of 1.34. The company has a 50-day moving average price of $108.19 and a 200 day moving average price of $101.92.

Morgan Stanley Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid 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 2.82%. Morgan Stanley’s dividend payout ratio is 56.32%.

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 value of $7,150,200.00. Following the transaction, the director now owns 138,363 shares of the company’s stock, valued at $16,488,718.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.