Morgan Stanley (NYSE:MS) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Morgan Stanley (NYSE:MS) by 11.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,885 shares of the financial services provider’s stock after purchasing an additional 10,532 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Morgan Stanley were worth $10,269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MS. Wealthcare Advisory Partners LLC acquired a new position in shares of Morgan Stanley during the first quarter valued at about $223,000. BKM Wealth Management LLC increased its stake in Morgan Stanley by 6.1% during the 1st quarter. BKM Wealth Management LLC now owns 2,204 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 127 shares in the last quarter. Miracle Mile Advisors LLC raised its holdings in shares of Morgan Stanley by 10.7% in the first quarter. Miracle Mile Advisors LLC now owns 7,504 shares of the financial services provider’s stock worth $707,000 after buying an additional 726 shares during the last quarter. Claro Advisors LLC lifted its stake in shares of Morgan Stanley by 4.3% during the first quarter. Claro Advisors LLC now owns 7,000 shares of the financial services provider’s stock worth $659,000 after buying an additional 286 shares during the period. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its stake in shares of Morgan Stanley by 3.9% during the first quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 3,131 shares of the financial services provider’s stock worth $295,000 after buying an additional 117 shares during the period. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

Morgan Stanley Stock Down 1.9 %

MS opened at $116.88 on Monday. The company has a fifty day moving average of $105.34 and a two-hundred day moving average of $100.28. The stock has a market capitalization of $189.95 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.10 and a beta of 1.36. Morgan Stanley has a fifty-two week low of $69.42 and a fifty-two week high of $121.45. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.78 and a current ratio of 0.78.

Morgan Stanley Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.925 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $3.70 annualized dividend and a dividend yield of 3.17%. Morgan Stanley’s dividend payout ratio is presently 56.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MS shares. Hsbc Global Res upgraded Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. JMP Securities restated a “market perform” rating on shares of Morgan Stanley in a research note on Thursday, July 18th. Jefferies Financial Group lifted their target price on Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. The Goldman Sachs Group increased their price target on shares of Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, HSBC raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $109.24.

Insider Buying and Selling

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the firm’s stock in a transaction that occurred on 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 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.24% of the stock is currently owned by insiders.

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.