Resonant Capital Advisors LLC Raises Stock Holdings in Morgan Stanley (NYSE:MS)

Resonant Capital Advisors LLC raised its position in shares of Morgan Stanley (NYSE:MS) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,946 shares of the financial services provider’s stock after buying an additional 178 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Morgan Stanley were worth $620,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Opal Wealth Advisors LLC bought a new position in Morgan Stanley during the 2nd quarter valued at approximately $25,000. POM Investment Strategies LLC grew its stake in shares of Morgan Stanley by 1,147.6% in the second quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 241 shares during the last quarter. Bank & Trust Co bought a new position in shares of Morgan Stanley during the second quarter valued at $26,000. Bbjs Financial Advisors LLC purchased a new position in shares of Morgan Stanley in the 2nd quarter worth about $29,000. Finally, Lynx Investment Advisory bought a new position in Morgan Stanley in the 2nd quarter worth about $30,000. Institutional investors own 84.19% of the company’s stock.

Insider Activity

In related 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 completion of the sale, the insider now directly owns 43,224 shares of the company’s stock, valued at approximately $4,549,326. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Morgan Stanley news, insider Mandell Crawley sold 3,500 shares of the firm’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 sale, the insider now directly owns 43,224 shares of the company’s stock, valued at $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 available through the SEC website. Also, 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 transaction, the director now directly owns 138,363 shares of the company’s stock, valued at approximately $16,488,718.71. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Morgan Stanley Trading Up 1.4 %

NYSE:MS opened at $121.06 on Monday. The firm has a market capitalization of $196.74 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 1.17 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. The business has a fifty day moving average price of $103.38 and a 200-day moving average price of $99.38. Morgan Stanley has a one year low of $69.42 and a one year high of $121.45.

Morgan Stanley Dividend Announcement

The business 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 currently 67.40%.

Analysts Set New Price Targets

Several brokerages have issued reports on MS. Jefferies Financial Group lifted their target price on shares of Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup upped their price objective on Morgan Stanley from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. JMP Securities reissued a “market perform” rating on shares of Morgan Stanley in a report on Thursday, July 18th. The Goldman Sachs Group boosted their price target on Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Barclays increased their price objective on Morgan Stanley from $121.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Morgan Stanley presently has a consensus rating of “Hold” and an average target price of $107.56.

About Morgan Stanley

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.