Castleview Partners LLC Acquires 109 Shares of Morgan Stanley (NYSE:MS)

21 Oct 2024, 16:44 by Michael Walen · The Markets Daily

Castleview Partners LLC grew its stake in shares of Morgan Stanley (NYSE:MS – Free Report) by 4.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,440 shares of the financial services provider’s stock after buying an additional 109 shares during the quarter. Castleview Partners LLC’s holdings in Morgan Stanley were worth $254,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MS. Capital International Investors grew its position in shares of Morgan Stanley by 16.3% in the 1st quarter. Capital International Investors now owns 28,481,070 shares of the financial services provider’s stock worth $2,681,778,000 after buying an additional 3,981,528 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Morgan Stanley by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 12,875,677 shares of the financial services provider’s stock valued at $1,251,387,000 after acquiring an additional 303,654 shares in the last quarter. Legal & General Group Plc boosted its holdings in Morgan Stanley by 2.0% in the second quarter. Legal & General Group Plc now owns 10,597,493 shares of the financial services provider’s stock valued at $1,029,970,000 after acquiring an additional 212,551 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Morgan Stanley by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,834,372 shares of the financial services provider’s stock worth $858,573,000 after purchasing an additional 242,896 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Morgan Stanley by 0.8% in the 1st quarter. Boston Partners now owns 7,151,492 shares of the financial services provider’s stock worth $672,969,000 after purchasing an additional 57,104 shares during the period. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Citigroup boosted their price target on shares of Morgan Stanley from $98.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Evercore ISI boosted their price objective on shares of Morgan Stanley from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. HSBC raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research note on Friday, October 4th. Barclays boosted their price target on Morgan Stanley from $121.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Morgan Stanley in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $107.56.

Read Our Latest Research Report on Morgan Stanley

Insider Buying and Selling at Morgan Stanley

In other news, insider Mandell Crawley sold 3,500 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $105.25, for a total transaction of $368,375.00. Following the sale, the insider now directly owns 43,224 shares in the company, valued at $4,549,326. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Mandell Crawley sold 3,500 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $105.25, for a total transaction of $368,375.00. Following the completion of the sale, the insider now owns 43,224 shares in the company, valued at approximately $4,549,326. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen J. Luczo sold 60,000 shares of Morgan Stanley stock in a transaction that occurred 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 sale, the director now directly owns 138,363 shares in the company, valued at $16,488,718.71. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Morgan Stanley Stock Performance

MS traded down $2.69 during midday trading on Monday, reaching $118.37. The company had a trading volume of 2,625,669 shares, compared to its average volume of 7,097,472. Morgan Stanley has a 1 year low of $69.42 and a 1 year high of $121.45. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.96. The company has a market cap of $192.37 billion, a P/E ratio of 22.05, a P/E/G ratio of 1.17 and a beta of 1.36. The business has a 50-day moving average of $103.38 and a two-hundred day moving average of $99.38.

Morgan Stanley Announces Dividend

The company 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 dividend of $0.925 per share. This represents a $3.70 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s payout ratio is 67.40%.

Morgan Stanley Profile

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