24,867 Shares in Morgan Stanley $MS Bought by Jump Financial LLC

Jump Financial LLC purchased a new stake in Morgan Stanley (NYSE:MS) in the 2nd quarter, HoldingsChannel reports. The fund purchased 24,867 shares of the financial services provider’s stock, valued at approximately $3,503,000.

Several other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC raised its stake in Morgan Stanley by 10.2% during the 4th quarter. Brighton Jones LLC now owns 12,782 shares of the financial services provider’s stock worth $1,607,000 after buying an additional 1,185 shares during the period. Headlands Technologies LLC bought a new stake in shares of Morgan Stanley during the first quarter valued at approximately $57,000. LGT Fund Management Co Ltd. raised its position in shares of Morgan Stanley by 10.9% during the first quarter. LGT Fund Management Co Ltd. now owns 7,999 shares of the financial services provider’s stock worth $933,000 after purchasing an additional 785 shares during the period. LGT Group Foundation lifted its holdings in shares of Morgan Stanley by 4.3% in the 1st quarter. LGT Group Foundation now owns 19,937 shares of the financial services provider’s stock worth $2,326,000 after purchasing an additional 814 shares in the last quarter. Finally, Klingman & Associates LLC grew its position in Morgan Stanley by 5.6% in the 1st quarter. Klingman & Associates LLC now owns 3,076 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Wall Street Analyst Weigh In

MS has been the topic of a number of recent research reports. Dbs Bank raised shares of Morgan Stanley to a “moderate buy” rating in a research note on Wednesday, November 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Morgan Stanley in a research report on Wednesday, October 8th. Citigroup raised their price target on shares of Morgan Stanley from $155.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Jefferies Financial Group lifted their price target on Morgan Stanley from $175.00 to $186.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Finally, Barclays boosted their price objective on Morgan Stanley from $156.00 to $183.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Morgan Stanley presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.38.

Insider Transactions at Morgan Stanley

In other Morgan Stanley news, CEO Edward Pick sold 100,000 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $164.34, for a total value of $16,434,000.00. Following the sale, the chief executive officer directly owned 574,986 shares in the company, valued at $94,493,199.24. The trade was a 14.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is owned by corporate insiders.

Morgan Stanley Trading Up 0.6%

NYSE:MS opened at $179.82 on Thursday. Morgan Stanley has a 52 week low of $94.33 and a 52 week high of $181.31. The firm has a 50-day moving average price of $163.77 and a two-hundred day moving average price of $150.51. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $285.79 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.47 and a beta of 1.22.

Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, October 15th. The financial services provider reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.73. The firm had revenue of $17.98 billion for the quarter, compared to the consensus estimate of $16.42 billion. Morgan Stanley had a return on equity of 16.40% and a net margin of 13.85%.The company’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.88 EPS. On average, equities analysts expect that Morgan Stanley will post 8.56 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, October 31st. Morgan Stanley’s dividend payout ratio is currently 41.03%.

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.