Oak Harvest Investment Services Has $14.70 Million Stock Holdings in Morgan Stanley (NYSE:MS)

Oak Harvest Investment Services increased its stake in Morgan Stanley (NYSE:MS) by 4.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 141,014 shares of the financial services provider’s stock after acquiring an additional 6,473 shares during the period. Morgan Stanley comprises 2.1% of Oak Harvest Investment Services’ holdings, making the stock its 7th largest position. Oak Harvest Investment Services’ holdings in Morgan Stanley were worth $14,699,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. SteelPeak Wealth LLC grew its holdings in Morgan Stanley by 166.9% in the third quarter. SteelPeak Wealth LLC now owns 57,338 shares of the financial services provider’s stock worth $5,977,000 after purchasing an additional 35,852 shares during the period. Diversify Wealth Management LLC grew its holdings in Morgan Stanley by 11.5% in the third quarter. Diversify Wealth Management LLC now owns 5,891 shares of the financial services provider’s stock worth $614,000 after purchasing an additional 606 shares during the period. Pinnacle Associates Ltd. grew its holdings in Morgan Stanley by 4.2% in the third quarter. Pinnacle Associates Ltd. now owns 471,784 shares of the financial services provider’s stock worth $49,179,000 after purchasing an additional 19,218 shares during the period. First Trust Direct Indexing L.P. grew its holdings in Morgan Stanley by 15.9% in the third quarter. First Trust Direct Indexing L.P. now owns 49,674 shares of the financial services provider’s stock worth $5,178,000 after purchasing an additional 6,820 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Morgan Stanley by 1.5% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 24,497 shares of the financial services provider’s stock worth $2,554,000 after purchasing an additional 367 shares during the period. 84.19% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related 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 transaction of $7,150,200.00. Following the completion of the transaction, the director now directly owns 138,363 shares of the company’s stock, valued at approximately $16,488,718.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Oppenheimer cut shares of Morgan Stanley from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 17th. BMO Capital Markets increased their price target on shares of Morgan Stanley from $116.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. JMP Securities reiterated a “market perform” rating on shares of Morgan Stanley in a report on Thursday, July 18th. Barclays increased their price objective on shares of Morgan Stanley from $121.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, HSBC upgraded shares of 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $109.24.

Morgan Stanley Stock Performance

Shares of NYSE:MS opened at $117.94 on Thursday. Morgan Stanley has a 52 week low of $70.27 and a 52 week high of $121.45. The stock has a market capitalization of $191.67 billion, a P/E ratio of 17.95, a PEG ratio of 1.10 and a beta of 1.36. The firm has a fifty day simple moving average of $106.40 and a two-hundred day simple moving average of $100.86. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.96.

Morgan Stanley Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid 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 3.14%. Morgan Stanley’s payout ratio is currently 56.32%.

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.