DekaBank Deutsche Girozentrale Buys 2,777 Shares of Morgan Stanley (NYSE:MS)

DekaBank Deutsche Girozentrale boosted its position in shares of Morgan Stanley (NYSE:MS) by 0.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 587,689 shares of the financial services provider’s stock after buying an additional 2,777 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Morgan Stanley were worth $61,249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in shares of Morgan Stanley in the second quarter valued at $25,000. POM Investment Strategies LLC increased its holdings in Morgan Stanley by 1,147.6% in the 2nd quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider’s stock valued at $25,000 after buying an additional 241 shares during the period. Bank & Trust Co acquired a new position in shares of Morgan Stanley in the 2nd quarter valued at $26,000. Northwest Investment Counselors LLC bought a new position in shares of Morgan Stanley during the 3rd quarter worth about $26,000. Finally, Bbjs Financial Advisors LLC acquired a new stake in shares of Morgan Stanley during the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 84.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on MS shares. Hsbc Global Res upgraded shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Jefferies Financial Group boosted their price target on Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. BMO Capital Markets lifted their price objective on Morgan Stanley from $116.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. UBS Group boosted their price target on shares of Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Finally, Oppenheimer cut shares of Morgan Stanley from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $109.24.

Morgan Stanley Stock Down 1.9 %

Shares of NYSE:MS opened at $116.88 on Monday. The company has a 50 day moving average of $105.34 and a 200-day moving average of $100.28. Morgan Stanley has a one year low of $69.42 and a one year high of $121.45. The stock has a market cap of $189.95 billion, a price-to-earnings ratio of 17.79, a P/E/G ratio of 1.10 and a beta of 1.36. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.78 and a quick ratio of 0.78.

Morgan Stanley Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s dividend payout ratio (DPR) is currently 56.32%.

Insider Transactions at Morgan Stanley

In related 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 value of $7,150,200.00. Following the completion of the sale, the director now owns 138,363 shares in the company, valued at approximately $16,488,718.71. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.24% of the stock is owned by corporate insiders.

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.