Glass Wealth Management Co LLC Has $2.69 Million Stock Position in Morgan Stanley (NYSE:MS)

Glass Wealth Management Co LLC boosted its stake in Morgan Stanley (NYSE:MS) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,783 shares of the financial services provider’s stock after acquiring an additional 1,088 shares during the period. Morgan Stanley accounts for 1.5% of Glass Wealth Management Co LLC’s investment portfolio, making the stock its 28th largest holding. Glass Wealth Management Co LLC’s holdings in Morgan Stanley were worth $2,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton increased its holdings in Morgan Stanley by 2.6% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 3,748 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 96 shares during the last quarter. Omnia Family Wealth LLC lifted its stake in Morgan Stanley by 3.3% in the 3rd quarter. Omnia Family Wealth LLC now owns 3,063 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 97 shares in the last quarter. TFB Advisors LLC raised its position in shares of Morgan Stanley by 3.9% in the third quarter. TFB Advisors LLC now owns 2,662 shares of the financial services provider’s stock worth $277,000 after buying an additional 99 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its position in shares of Morgan Stanley by 0.3% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 33,850 shares of the financial services provider’s stock valued at $3,529,000 after acquiring an additional 100 shares during the last quarter. Finally, Lansing Street Advisors lifted its position in Morgan Stanley by 0.8% during the third quarter. Lansing Street Advisors now owns 12,284 shares of the financial services provider’s stock valued at $1,280,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 84.19% of the company’s stock.

Insider Buying and Selling at Morgan Stanley

In related news, Director Stephen J. Luczo sold 60,000 shares of the company’s stock in a transaction that occurred 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 directly owns 138,363 shares of the company’s stock, valued at approximately $16,488,718.71. This represents a 30.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is owned by company insiders.

Morgan Stanley Trading Up 1.2 %

MS opened at $134.06 on Monday. The business has a 50 day moving average of $112.55 and a 200-day moving average of $103.93. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14. The stock has a market cap of $215.98 billion, a PE ratio of 20.40, a PEG ratio of 1.25 and a beta of 1.34. Morgan Stanley has a 52 week low of $76.33 and a 52 week high of $134.91.

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. The business had revenue of $15.38 billion during the quarter, compared to the consensus estimate of $14.27 billion. Morgan Stanley had a net margin of 10.64% and a return on equity of 12.58%. Equities research analysts predict that Morgan Stanley will post 7.32 earnings per share for the current fiscal year.

Morgan Stanley Announces Dividend

The company also recently disclosed 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. This represents a $3.70 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Thursday, October 31st. Morgan Stanley’s dividend payout ratio (DPR) is 56.32%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MS. HSBC upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a report on Friday, October 4th. Barclays upped their price target on shares of Morgan Stanley from $121.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. The Goldman Sachs Group lifted their price objective on Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Jefferies Financial Group increased their target price on Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company raised Morgan Stanley from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $107.00 to $142.00 in a research note on Friday. Eleven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $111.29.

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.