Wealth Alliance Advisory Group LLC Invests $204,000 in Morgan Stanley (NYSE:MS)

20 Oct 2024, 14:26 by Mitch Edgeman · The Markets Daily

Wealth Alliance Advisory Group LLC acquired a new stake in Morgan Stanley (NYSE:MS – Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,960 shares of the financial services provider’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MS. Opal Wealth Advisors LLC bought a new stake in shares of Morgan Stanley in the second quarter valued at about $25,000. POM Investment Strategies LLC raised its position in Morgan Stanley by 1,147.6% in the 2nd quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider’s stock valued at $25,000 after buying an additional 241 shares during the last quarter. Bank & Trust Co acquired a new position in Morgan Stanley during the 2nd quarter worth approximately $26,000. Bbjs Financial Advisors LLC bought a new position in shares of Morgan Stanley during the 2nd quarter worth approximately $29,000. Finally, Lynx Investment Advisory acquired a new stake in shares of Morgan Stanley in the second quarter valued at approximately $30,000. 84.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MS shares. BMO Capital Markets raised their target price on shares of Morgan Stanley from $116.00 to $118.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Oppenheimer downgraded Morgan Stanley from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 17th. Wells Fargo & Company increased their price target on Morgan Stanley from $95.00 to $107.00 and gave the company an “underweight” rating in a research report on Thursday. Royal Bank of Canada upped their price objective on Morgan Stanley from $108.00 to $122.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, UBS Group increased their price objective on Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $107.56.

Read Our Latest Stock Report on Morgan Stanley

Morgan Stanley Stock Performance

MS opened at $121.06 on Friday. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.78 and a quick ratio of 0.78. The business has a fifty day simple moving average of $103.38 and a 200 day simple moving average of $99.34. Morgan Stanley has a 1 year low of $69.42 and a 1 year high of $121.45. The company has a market capitalization of $196.74 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36.

Morgan Stanley Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.925 dividend. The ex-dividend date is Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.06%. Morgan Stanley’s payout ratio is presently 67.40%.

Insider Activity at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of Morgan Stanley stock in a transaction dated 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 owns 138,363 shares in the company, valued at $16,488,718.71. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $119.17, for a total transaction of $7,150,200.00. Following the transaction, the director now owns 138,363 shares in the company, valued at $16,488,718.71. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mandell Crawley sold 3,500 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $105.25, for a total value of $368,375.00. Following the sale, the insider now owns 43,224 shares of the company’s stock, valued at approximately $4,549,326. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

Morgan Stanley Profile

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