Sigma Planning Corp Sells 1,765 Shares of Morgan Stanley (NYSE:MS)

Sigma Planning Corp lowered its position in Morgan Stanley (NYSE:MS) by 5.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,265 shares of the financial services provider’s stock after selling 1,765 shares during the quarter. Sigma Planning Corp’s holdings in Morgan Stanley were worth $3,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Northwest Investment Counselors LLC acquired a new position in Morgan Stanley during the 3rd quarter worth approximately $26,000. Opal Wealth Advisors LLC bought a new stake in Morgan Stanley in the 2nd quarter valued at about $25,000. POM Investment Strategies LLC lifted its stake in shares of Morgan Stanley by 1,147.6% during 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 in the last quarter. Bank & Trust Co bought a new position in shares of Morgan Stanley in the second quarter worth $26,000. Finally, Bbjs Financial Advisors LLC bought a new stake in Morgan Stanley during the 2nd quarter worth approximately $29,000. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the company’s 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 transaction, the director now owns 138,363 shares in the company, valued at approximately $16,488,718.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by insiders.

Morgan Stanley Stock Up 0.8 %

MS opened at $129.53 on Monday. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.78 and a current ratio of 0.80. The business’s fifty day moving average is $109.23 and its two-hundred day moving average is $102.42. Morgan Stanley has a one year low of $73.96 and a one year high of $133.52. The company has a market cap of $208.68 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.23 and a beta of 1.34.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.31. The company had revenue of $15.38 billion for the quarter, compared to analysts’ expectations of $14.27 billion. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. Analysts anticipate that Morgan Stanley will post 7.29 EPS for the current fiscal year.

Morgan Stanley Announces Dividend

The firm 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. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $3.70 annualized dividend and a dividend yield of 2.86%. Morgan Stanley’s dividend payout ratio is currently 56.32%.

Analysts Set New Price Targets

MS has been the topic of several recent research reports. HSBC upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research report on Friday, October 4th. Evercore ISI upped their target price on Morgan Stanley from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Oppenheimer lowered Morgan Stanley from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 17th. Hsbc Global Res upgraded Morgan Stanley from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Finally, Wells Fargo & Company increased their target price on Morgan Stanley from $95.00 to $107.00 and gave the stock an “underweight” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Morgan Stanley presently has an average rating of “Hold” and a consensus target price of $109.24.

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.