Morgan Stanley (NYSE:MS) Stock Holdings Lifted by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC increased its holdings in Morgan Stanley (NYSE:MS) by 8.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,802 shares of the financial services provider’s stock after buying an additional 212 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Morgan Stanley were worth $292,000 as of its most recent filing with the SEC.

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

Morgan Stanley Price Performance

MS traded up $1.63 during trading on Friday, hitting $134.06. The company’s stock had a trading volume of 7,281,941 shares, compared to its average volume of 7,093,088. 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 capitalization of $215.98 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.23 and a beta of 1.34. The firm’s 50 day moving average price is $112.55 and its two-hundred day moving average price is $103.75. Morgan Stanley has a 12 month low of $76.33 and a 12 month high of $134.91.

Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share (EPS) 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 analysts’ expectations of $14.27 billion. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. Sell-side analysts forecast that Morgan Stanley will post 7.32 earnings per share for the current fiscal year.

Morgan Stanley Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.925 per share. The ex-dividend date was Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 2.76%. Morgan Stanley’s payout ratio is 56.32%.

Insider Activity

In other news, Director Stephen J. Luczo sold 60,000 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $119.17, for a total transaction of $7,150,200.00. Following the completion of the sale, the director now owns 138,363 shares in the company, valued at $16,488,718.71. The trade was a 30.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.24% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on MS. Barclays lifted 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. Wells Fargo & Company upgraded shares of Morgan Stanley from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $107.00 to $142.00 in a report on Friday. HSBC upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a report on Friday, October 4th. Hsbc Global Res raised Morgan Stanley from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Finally, UBS Group increased their price objective on Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Eleven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Morgan Stanley currently has an average rating of “Hold” and an average 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.