Investors Sell Morgan Stanley (MS) on Strength (MS)
Investors sold shares of Morgan Stanley (NYSE:MS) on strength during trading on Friday. $62.56 million flowed into the stock on the tick-up and $70.36 million flowed out of the stock on the tick-down, for a money net flow of $7.80 million out of the stock. Of all stocks tracked, Morgan Stanley had the 0th highest net out-flow for the day. Morgan Stanley traded up $0.01 for the day and closed at $28.01
A number of analysts recently weighed in on MS shares. Macquarie lowered their target price on shares of Morgan Stanley from $32.00 to $31.00 in a research note on Friday, March 25th. Nomura Holdings Inc. decreased their price objective on shares of Morgan Stanley from $38.00 to $36.00 in a research note on Monday, March 21st. Bank of America Corp. reaffirmed a “buy” rating and set a $32.00 price objective on shares of Morgan Stanley in a research note on Sunday, March 27th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Morgan Stanley in a research note on Thursday, March 31st. Finally, 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 research note on Wednesday, April 13th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $32.49.
The stock has a 50 day moving average of $26.10 and a 200 day moving average of $26.03. The company has a market capitalization of $54.26 billion and a P/E ratio of 12.34.
In related news, insider Eric F. Grossman sold 24,952 shares of Morgan Stanley 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 directly owns 180,212 shares of the company’s stock, valued at approximately $5,083,780.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Several large investors recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of 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 valued at $2,595,594,000 after buying an additional 1,012,499 shares during the period. RidgeWorth Capital Management LLC raised its stake in Morgan Stanley by 20.5% in the fourth quarter. RidgeWorth Capital Management LLC now owns 3,529,620 shares of the financial services provider’s stock worth $112,277,000 after buying an additional 600,683 shares during the last quarter. Trilogy Global Advisors LP acquired a new stake in Morgan Stanley during the fourth quarter worth $18,339,000. Diamond Hill Capital Management Inc. raised its stake in Morgan Stanley by 5.3% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 9,499,721 shares of the financial services provider’s stock worth $302,186,000 after buying an additional 479,790 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in Morgan Stanley by 28.9% in the fourth quarter. Marshall Wace LLP now owns 1,993,004 shares of the financial services provider’s stock worth $63,397,000 after buying an additional 446,980 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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