Nicholas Wealth LLC. Has $1.51 Million Stock Holdings in Morgan Stanley $MS

Nicholas Wealth LLC. boosted its position in shares of Morgan Stanley (NYSE:MS) by 10.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,732 shares of the financial services provider’s stock after purchasing an additional 1,022 shares during the quarter. Nicholas Wealth LLC.’s holdings in Morgan Stanley were worth $1,512,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Meadow Creek Wealth Advisors LLC grew its holdings in shares of Morgan Stanley by 2.5% in the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 2,799 shares of the financial services provider’s stock valued at $394,000 after buying an additional 69 shares during the period. Gallagher Capital Advisors LLC lifted its holdings in Morgan Stanley by 0.7% during the second quarter. Gallagher Capital Advisors LLC now owns 9,969 shares of the financial services provider’s stock worth $1,420,000 after acquiring an additional 70 shares in the last quarter. McLean Asset Management Corp grew its stake in Morgan Stanley by 2.5% in the second quarter. McLean Asset Management Corp now owns 3,007 shares of the financial services provider’s stock valued at $430,000 after acquiring an additional 73 shares during the period. Bell Investment Advisors Inc increased its holdings in shares of Morgan Stanley by 12.1% in the second quarter. Bell Investment Advisors Inc now owns 674 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 73 shares in the last quarter. Finally, Pinnacle Bancorp Inc. raised its position in shares of Morgan Stanley by 1.5% during the second quarter. Pinnacle Bancorp Inc. now owns 5,022 shares of the financial services provider’s stock worth $707,000 after purchasing an additional 75 shares during the period. Institutional investors own 84.19% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Morgan Stanley from $165.00 to $177.00 and gave the company an “equal weight” rating in a research report on Thursday, October 16th. Royal Bank Of Canada upped their price target on shares of Morgan Stanley from $145.00 to $171.00 and gave the company a “sector perform” rating in a report on Wednesday, October 1st. Keefe, Bruyette & Woods raised their price objective on shares of Morgan Stanley from $176.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Evercore ISI boosted their price objective on shares of Morgan Stanley from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Morgan Stanley in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $168.23.

Morgan Stanley Stock Up 0.2%

Morgan Stanley stock opened at $159.83 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 3.30. Morgan Stanley has a 1-year low of $94.33 and a 1-year high of $171.77. The company has a fifty day simple moving average of $160.16 and a 200 day simple moving average of $145.77. The company has a market cap of $254.02 billion, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 1.70 and a beta of 1.33.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.73. The company had revenue of $17.98 billion during the quarter, compared to the consensus estimate of $16.42 billion. Morgan Stanley had a net margin of 13.85% and a return on equity of 16.55%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.88 EPS. Research analysts anticipate that Morgan Stanley will post 8.56 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, October 31st. Morgan Stanley’s dividend payout ratio (DPR) is currently 41.03%.

Insider Buying and Selling at Morgan Stanley

In other news, CEO Edward Pick sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $164.34, for a total transaction of $16,434,000.00. Following the sale, the chief executive officer owned 574,986 shares in the company, valued at $94,493,199.24. This represents a 14.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.19% of the stock is owned by company insiders.

Morgan Stanley 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.