Oliver Luxxe Assets LLC Has $7.69 Million Position in Morgan Stanley (NYSE:MS)

Oliver Luxxe Assets LLC grew its stake in shares of Morgan Stanley (NYSE:MS) by 0.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 73,783 shares of the financial services provider’s stock after acquiring an additional 158 shares during the quarter. Morgan Stanley comprises about 1.4% of Oliver Luxxe Assets LLC’s portfolio, making the stock its 8th biggest holding. Oliver Luxxe Assets LLC’s holdings in Morgan Stanley were worth $7,691,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. Compagnie Lombard Odier SCmA lifted 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 worth $3,529,000 after buying an additional 100 shares during the last quarter. Webster Bank N. A. lifted its position in shares of Morgan Stanley by 11.9% during the 3rd quarter. Webster Bank N. A. now owns 3,347 shares of the financial services provider’s stock worth $349,000 after buying an additional 356 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in shares of Morgan Stanley by 14.6% during the 3rd quarter. Koshinski Asset Management Inc. now owns 17,872 shares of the financial services provider’s stock worth $1,863,000 after buying an additional 2,281 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Morgan Stanley by 1,147.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 105,890 shares of the financial services provider’s stock worth $11,038,000 after buying an additional 97,401 shares during the last quarter. Finally, Compton Wealth Advisory Group LLC lifted its position in shares of Morgan Stanley by 6.1% during the 3rd quarter. Compton Wealth Advisory Group LLC now owns 12,251 shares of the financial services provider’s stock worth $1,277,000 after buying an additional 699 shares during the last quarter. 84.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Mandell Crawley sold 3,500 shares of the firm’s stock in a transaction that occurred on 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 $4,549,326. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Morgan Stanley news, Chairman James P. Gorman sold 200,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $105.06, for a total value of $21,012,000.00. Following the transaction, the chairman now owns 150,000 shares in the company, valued at approximately $15,759,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mandell Crawley sold 3,500 shares of the firm’s 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 transaction, the insider now owns 43,224 shares in the company, valued at $4,549,326. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 252,000 shares of company stock valued at $26,546,370 over the last 90 days. Company insiders own 0.24% of the company’s stock.

Morgan Stanley Trading Up 2.2 %

Shares of MS stock opened at $110.46 on Monday. The stock has a 50-day moving average of $101.02 and a 200-day moving average of $98.56. Morgan Stanley has a 1-year low of $69.42 and a 1-year high of $111.47. The stock has a market cap of $179.52 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 1.17 and a beta of 1.36. 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 (NYSE:MS) last released its earnings results on Tuesday, July 16th. The financial services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.65 by $0.17. Morgan Stanley had a return on equity of 11.85% and a net margin of 10.17%. The business had revenue of $15.02 billion during the quarter, compared to analysts’ expectations of $14.32 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. On average, equities research analysts forecast that Morgan Stanley will post 6.95 earnings per share for the current year.

Morgan Stanley Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a dividend of $0.925 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $3.70 annualized dividend and a yield of 3.35%. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.85. Morgan Stanley’s dividend payout ratio (DPR) is currently 67.40%.

Analysts Set New Price Targets

MS has been the subject of several recent analyst reports. Citigroup upped their price objective on Morgan Stanley from $98.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th. The Goldman Sachs Group upped their price objective on Morgan Stanley from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company cut Morgan Stanley from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $99.00 to $95.00 in a report on Friday, August 2nd. Evercore ISI upped their target price on Morgan Stanley from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Finally, Royal Bank of Canada upped their target price on Morgan Stanley from $91.00 to $108.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $103.06.

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.