Truvestments Capital LLC Has $463,000 Position in Morgan Stanley (NYSE:MS)

Truvestments Capital LLC increased its stake in shares of Morgan Stanley (NYSE:MS) by 26.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,446 shares of the financial services provider’s stock after acquiring an additional 929 shares during the quarter. Truvestments Capital LLC’s holdings in Morgan Stanley were worth $463,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Principal Financial Group Inc. grew its position in Morgan Stanley by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,711,805 shares of the financial services provider’s stock valued at $491,159,000 after purchasing an additional 36,120 shares during the period. Resonant Capital Advisors LLC boosted its position in shares of Morgan Stanley by 17.8% during the second quarter. Resonant Capital Advisors LLC now owns 5,768 shares of the financial services provider’s stock valued at $561,000 after buying an additional 871 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Morgan Stanley by 115.0% during the 1st quarter. Cetera Investment Advisers now owns 223,668 shares of the financial services provider’s stock worth $20,305,000 after acquiring an additional 119,633 shares during the last quarter. Swedbank AB purchased a new position in Morgan Stanley during the first quarter worth about $87,558,000. Finally, Catalytic Wealth RIA LLC bought a new stake in Morgan Stanley in the 3rd quarter worth about $579,000. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Morgan Stanley

In other news, Director Stephen J. Luczo sold 60,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were 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 directly owns 138,363 shares of the company’s stock, valued at approximately $16,488,718.71. This trade represents a 30.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MS shares. HSBC raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a report on Friday, October 4th. Barclays raised their target price on Morgan Stanley from $121.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. UBS Group increased their target price 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. 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. Finally, The Goldman Sachs Group upped their price target on shares of Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.81.

Morgan Stanley Trading Down 0.8 %

Shares of MS stock opened at $133.67 on Tuesday. Morgan Stanley has a 52-week low of $76.33 and a 52-week high of $136.24. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $215.35 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34. The business’s fifty day moving average is $116.83 and its 200 day moving average is $105.55.

Morgan Stanley (NYSE:MS) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.31. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. The business had revenue of $15.38 billion during the quarter, compared to analyst estimates of $14.27 billion. On average, equities research analysts anticipate that Morgan Stanley will post 7.32 EPS for the current fiscal year.

Morgan Stanley Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.925 dividend. The ex-dividend date was Thursday, October 31st. This represents a $3.70 annualized dividend and a dividend yield of 2.77%. Morgan Stanley’s payout ratio is presently 56.32%.

Morgan Stanley Company 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.