Traders Sell Morgan Stanley (MS) on Strength (MS)
Traders sold shares of Morgan Stanley (NYSE:MS) on strength during trading on Thursday. $40.79 million flowed into the stock on the tick-up and $63.91 million flowed out of the stock on the tick-down, for a money net flow of $23.12 million out of the stock. Of all equities tracked, Morgan Stanley had the 0th highest net out-flow for the day. Morgan Stanley traded up $0.54 for the day and closed at $25.69
Several analysts recently issued reports on the company. Vetr lowered Morgan Stanley from a “buy” rating to a “hold” rating and set a $28.45 price objective for the company. in a report on Wednesday, April 20th. Zacks Investment Research upgraded Morgan Stanley from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 3rd. Deutsche Bank AG reiterated a “hold” rating on shares of Morgan Stanley in a report on Saturday, June 4th. Nomura Holdings Inc. cut their price objective on Morgan Stanley from $38.00 to $36.00 in a report on Monday, March 21st. Finally, Wells Fargo & Co. reiterated an “outperform” rating on shares of Morgan Stanley in a report on Sunday, March 20th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $32.88.
The stock has a market capitalization of $49.76 billion and a P/E ratio of 11.32. The stock’s 50-day moving average price is $26.09 and its 200-day moving average price is $26.20.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Monday, April 18th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.10. The company had revenue of $7.80 billion for the quarter, compared to analyst estimates of $8.52 billion. During the same quarter last year, the company earned $0.85 EPS. The company’s quarterly revenue was down 21.3% compared to the same quarter last year. On average, equities analysts forecast that Morgan Stanley will post $2.33 EPS for the current fiscal year.
In related news, insider Eric F. Grossman sold 24,952 shares of the stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $28.21, for a total transaction of $703,895.92. Following the sale, the insider now owns 180,212 shares in the company, valued at approximately $5,083,780.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Several hedge funds have recently bought and sold shares of the company. Argus Investors Counsel Inc. raised its stake in Morgan Stanley by 0.5% in the fourth quarter. Argus Investors Counsel Inc. now owns 138,450 shares of the financial services provider’s stock valued at $4,404,000 after buying an additional 750 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Morgan Stanley by 0.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 98,673 shares of the financial services provider’s stock valued at $3,139,000 after buying an additional 779 shares in the last quarter. Davidson & Garrard Inc. raised its stake in Morgan Stanley by 3.2% in the fourth quarter. Davidson & Garrard Inc. now owns 31,973 shares of the financial services provider’s stock valued at $1,017,000 after buying an additional 1,002 shares in the last quarter. Tredje AP fonden raised its stake in Morgan Stanley by 1.3% in the fourth quarter. Tredje AP fonden now owns 95,505 shares of the financial services provider’s stock valued at $3,038,000 after buying an additional 1,243 shares in the last quarter. Finally, Pittenger & Anderson Inc. raised its stake in Morgan Stanley by 3.7% in the fourth quarter. Pittenger & Anderson Inc. now owns 34,640 shares of the financial services provider’s stock valued at $1,102,000 after buying an additional 1,250 shares in the last quarter.
Morgan Stanley is a financial holding company. The Company is a global financial services firm that, through its subsidiaries and affiliates, advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. Its segments include Institutional Securities, Wealth Management and Investment Management.
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