Cyndeo Wealth Partners LLC Purchases 38,720 Shares of Morgan Stanley (NYSE:MS)

Cyndeo Wealth Partners LLC lifted its position in Morgan Stanley (NYSE:MS) by 75.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,863 shares of the financial services provider’s stock after acquiring an additional 38,720 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Morgan Stanley were worth $9,367,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors raised its holdings in Morgan Stanley by 16.3% in the first quarter. Capital International Investors now owns 28,481,070 shares of the financial services provider’s stock worth $2,681,778,000 after purchasing an additional 3,981,528 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Morgan Stanley by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,875,677 shares of the financial services provider’s stock worth $1,251,387,000 after acquiring an additional 303,654 shares in the last quarter. Legal & General Group Plc lifted its position in Morgan Stanley by 2.0% during 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 acquiring an additional 212,551 shares during the period. Dimensional Fund Advisors LP boosted its stake in Morgan Stanley by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 8,834,372 shares of the financial services provider’s stock worth $858,573,000 after acquiring an additional 242,896 shares in the last quarter. Finally, Boston Partners grew its holdings in Morgan Stanley by 0.8% in the first quarter. Boston Partners now owns 7,151,492 shares of the financial services provider’s stock worth $672,969,000 after purchasing an additional 57,104 shares during the period. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MS shares. Oppenheimer lowered shares of Morgan Stanley from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. UBS Group lifted their price objective on Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group increased their target price on Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a research note on Thursday. Wells Fargo & Company upped their price target on shares of Morgan Stanley from $95.00 to $107.00 and gave the stock an “underweight” rating in a research note on Thursday. Finally, Hsbc Global Res raised shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Morgan Stanley currently has an average rating of “Hold” and a consensus price target of $107.56.

Insider Buying and Selling

In other Morgan Stanley news, insider Mandell Crawley sold 3,500 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $105.25, for a total value of $368,375.00. Following the transaction, the insider now directly owns 43,224 shares in the company, valued at approximately $4,549,326. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Morgan Stanley news, insider Mandell Crawley sold 3,500 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $105.25, for a total transaction of $368,375.00. Following the completion of the sale, the insider now owns 43,224 shares of the company’s stock, valued at approximately $4,549,326. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen J. Luczo sold 60,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 138,363 shares in the company, valued at $16,488,718.71. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

Morgan Stanley Stock Up 1.4 %

MS stock opened at $121.06 on Friday. The company has a market cap of $196.74 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 1.17 and a beta of 1.36. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.78 and a current ratio of 0.78. The business’s 50-day moving average is $103.38 and its two-hundred day moving average is $99.34. Morgan Stanley has a fifty-two week low of $69.42 and a fifty-two week high of $121.45.

Morgan Stanley Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.925 dividend. This represents a $3.70 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, October 31st. Morgan Stanley’s dividend payout ratio (DPR) is presently 67.40%.

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.