Icon Wealth Advisors LLC Purchases 2,844 Shares of Morgan Stanley (NYSE:MS)

Icon Wealth Advisors LLC raised its position in Morgan Stanley (NYSE:MS) by 51.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,425 shares of the financial services provider’s stock after buying an additional 2,844 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Morgan Stanley were worth $878,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MS. Fisher Asset Management LLC grew its stake in Morgan Stanley by 2.7% in the 3rd quarter. Fisher Asset Management LLC now owns 22,404,981 shares of the financial services provider’s stock valued at $2,335,495,000 after buying an additional 590,872 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of 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 purchasing an additional 303,654 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Morgan Stanley by 2.0% during the 2nd 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 purchasing an additional 212,551 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Morgan Stanley by 2.8% during 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, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Morgan Stanley by 4.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,454,177 shares of the financial services provider’s stock worth $881,263,000 after purchasing an additional 385,780 shares during the period. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Insider Buying and Selling at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of Morgan Stanley 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 sale, the director now owns 138,363 shares of the company’s stock, valued at $16,488,718.71. The trade was a 30.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.24% of the stock is currently owned by insiders.

Morgan Stanley Trading Up 0.3 %

Shares of Morgan Stanley stock opened at $131.66 on Friday. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80. The company has a fifty day moving average of $119.29 and a 200 day moving average of $106.37. The company has a market capitalization of $212.11 billion, a P/E ratio of 20.04, a P/E/G ratio of 1.22 and a beta of 1.34. Morgan Stanley has a fifty-two week low of $78.21 and a fifty-two week high of $136.24.

Morgan Stanley (NYSE:MS) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.31. The company had revenue of $15.38 billion for the quarter, compared to the consensus estimate of $14.27 billion. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. On average, sell-side analysts anticipate that Morgan Stanley will post 7.32 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 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.925 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $3.70 annualized dividend and a yield of 2.81%. Morgan Stanley’s payout ratio is 56.32%.

Wall Street Analysts Forecast Growth

MS has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their price target on shares of Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Citigroup increased their target price on shares of Morgan Stanley from $105.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, November 25th. Hsbc Global Res lowered shares of Morgan Stanley from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Royal Bank of Canada increased their price objective on Morgan Stanley from $108.00 to $122.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 17th. Finally, HSBC cut Morgan Stanley from a “buy” rating to a “hold” rating and boosted their target price for the stock from $128.00 to $131.00 in a research report on Tuesday. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Morgan Stanley has an average rating of “Hold” and an average price target of $118.00.

About Morgan Stanley

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.