Allspring Global Investments Holdings LLC Acquires 10,107 Shares of Morgan Stanley (NYSE:MS)

Allspring Global Investments Holdings LLC increased its holdings in shares of Morgan Stanley (NYSE:MS) by 9.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,793 shares of the financial services provider’s stock after acquiring an additional 10,107 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Morgan Stanley were worth $11,758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MS. Compagnie Lombard Odier SCmA increased its position in 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 valued at $3,529,000 after buying an additional 100 shares in the last quarter. Viewpoint Capital Management LLC increased its holdings in shares of Morgan Stanley by 0.9% during the second quarter. Viewpoint Capital Management LLC now owns 12,319 shares of the financial services provider’s stock valued at $1,197,000 after acquiring an additional 104 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its position in shares of Morgan Stanley by 4.3% in the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 2,551 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 104 shares during the last quarter. WR Wealth Planners LLC boosted its stake in Morgan Stanley by 24.4% in the 2nd quarter. WR Wealth Planners LLC now owns 541 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 106 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its position in Morgan Stanley by 0.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 12,893 shares of the financial services provider’s stock valued at $1,344,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MS. Citigroup upped their target price on shares of Morgan Stanley from $98.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. JMP Securities reiterated a “market perform” rating on shares of Morgan Stanley in a research note on Thursday, July 18th. Barclays boosted their price target on Morgan Stanley from $121.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Jefferies Financial Group lifted their price objective on Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, The Goldman Sachs Group boosted their target price on Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $109.24.

Morgan Stanley Trading Down 1.9 %

Shares of MS stock opened at $116.85 on Friday. Morgan Stanley has a 1 year low of $69.42 and a 1 year high of $121.45. The firm has a fifty day moving average price of $105.03 and a 200-day moving average price of $100.01. The company has a market cap of $189.90 billion, a price-to-earnings ratio of 21.34, a PEG 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.

Morgan Stanley Announces Dividend

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 3.17%. The ex-dividend date of this dividend is Thursday, October 31st. Morgan Stanley’s dividend payout ratio (DPR) is currently 67.40%.

Insider Activity

In other news, Director Stephen J. Luczo sold 60,000 shares of the stock in a transaction on 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 $16,488,718.71. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.24% of the company’s stock.

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.