Traders Sell Shares of Morgan Stanley (MS) on Strength (MS)
Investors sold shares of Morgan Stanley (NYSE:MS) on strength during trading hours on Tuesday. $39.00 million flowed into the stock on the tick-up and $69.75 million flowed out of the stock on the tick-down, for a money net flow of $30.75 million out of the stock. Of all companies tracked, Morgan Stanley had the 0th highest net out-flow for the day. Morgan Stanley traded up $0.91 for the day and closed at $27.37
MS has been the topic of a number of analyst reports. Vetr cut shares of Morgan Stanley from a “strong-buy” rating to a “buy” rating and set a $28.11 price objective on the stock. in a report on Wednesday, April 13th. Barclays PLC dropped their price objective on shares of Morgan Stanley from $35.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 6th. JMP Securities reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Morgan Stanley in a report on Tuesday, April 19th. Wells Fargo & Co. reaffirmed a “neutral” rating on shares of Morgan Stanley in a report on Tuesday, April 19th. Finally, Credit Suisse Group AG dropped their price objective on shares of Morgan Stanley from $28.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, March 30th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $32.88.
The stock has a market cap of $53.02 billion and a P/E ratio of 12.06. The company’s 50-day moving average price is $26.09 and its 200-day moving average price is $26.04.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Monday, April 18th. The financial services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.10. During the same period in the previous year, the business posted $0.85 earnings per share. The firm earned $7.80 billion during the quarter, compared to the consensus estimate of $8.52 billion. Morgan Stanley’s revenue was down 21.3% compared to the same quarter last year. On average, equities research analysts forecast that Morgan Stanley will post $2.30 EPS for the current year.
In other news, insider Eric F. Grossman sold 24,952 shares of the company’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $28.21, for a total value of $703,895.92. Following the completion of the sale, the insider now directly owns 180,212 shares of the company’s stock, valued at approximately $5,083,780.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Several hedge funds recently made changes to their positions in the stock. Argus Investors Counsel Inc. boosted its stake in shares of 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 worth $4,404,000 after buying an additional 750 shares during the period. GAM Holding AG boosted its stake in Morgan Stanley by 2.0% in the fourth quarter. GAM Holding AG now owns 172,410 shares of the financial services provider’s stock worth $5,484,000 after buying an additional 3,386 shares during the last quarter. Vanguard Group Inc. boosted its stake in Morgan Stanley by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 81,596,782 shares of the financial services provider’s stock worth $2,595,594,000 after buying an additional 1,012,499 shares during the last quarter. Brown Advisory Inc. boosted its stake in Morgan Stanley by 21.7% in the fourth quarter. Brown Advisory Inc. now owns 65,882 shares of the financial services provider’s stock worth $2,095,000 after buying an additional 11,752 shares during the last quarter. Finally, Winton Capital Group Ltd boosted its stake in Morgan Stanley by 302.2% in the fourth quarter. Winton Capital Group Ltd now owns 573,395 shares of the financial services provider’s stock worth $18,240,000 after buying an additional 430,813 shares during 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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