Mirae Asset Global Investments Co. Ltd. Acquires 10,532 Shares of Morgan Stanley (NYSE:MS)

Mirae Asset Global Investments Co. Ltd. grew its holdings in Morgan Stanley (NYSE:MS) by 11.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,885 shares of the financial services provider’s stock after acquiring an additional 10,532 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Morgan Stanley were worth $10,269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Northwest Investment Counselors LLC bought a new position in Morgan Stanley in the 3rd quarter worth approximately $26,000. Opal Wealth Advisors LLC bought a new position in shares of Morgan Stanley during the second quarter worth $25,000. POM Investment Strategies LLC grew its stake in Morgan Stanley by 1,147.6% during the second quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 241 shares in the last quarter. Bank & Trust Co bought a new stake in Morgan Stanley in the 2nd quarter valued at $26,000. Finally, Bbjs Financial Advisors LLC purchased a new stake in Morgan Stanley in the 2nd quarter worth $29,000. Institutional investors own 84.19% of the company’s stock.

Insider Transactions at Morgan Stanley

In related news, Director Stephen J. Luczo sold 60,000 shares of the business’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 completion of the sale, the director now owns 138,363 shares in the company, valued at approximately $16,488,718.71. The trade was 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 the SEC website. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. 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. UBS Group lifted their price objective on Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. HSBC upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research report on Friday, October 4th. Oppenheimer cut shares of Morgan Stanley from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 17th. Finally, JMP Securities reiterated a “market perform” rating on shares of Morgan Stanley in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $109.24.

Morgan Stanley Stock Down 1.9 %

Shares of MS opened at $116.88 on Monday. The firm has a market capitalization of $189.95 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.10 and a beta of 1.36. Morgan Stanley has a 12-month low of $69.42 and a 12-month high of $121.45. The firm has a fifty day moving average price of $105.34 and a 200-day moving average price of $100.28. 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 Dividend Announcement

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

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.