Morgan Stanley (MS) Trading Up 2.1%
Morgan Stanley (NYSE:MS) was up 2.1% on Tuesday . The company traded as high as $30.37 and last traded at $30.29, with a volume of 11,110,130 shares trading hands. The stock had previously closed at $29.66.
A number of equities research analysts have weighed in on MS shares. Buckingham Research reiterated a “buy” rating on shares of Morgan Stanley in a research note on Tuesday, June 21st. Vetr upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $27.68 target price for the company in a research note on Monday, June 6th. Bank of America Corp. reiterated a “buy” rating and set a $27.00 target price (down from $32.00) on shares of Morgan Stanley in a research note on Wednesday, June 29th. Royal Bank Of Canada set a $27.00 target price on shares of Morgan Stanley and gave the company a “buy” rating in a research note on Tuesday, June 28th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $27.00 target price (down from $29.00) on shares of Morgan Stanley in a research note on Monday, June 27th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $32.74.
The company has a market cap of $58.06 billion and a price-to-earnings ratio of 14.05. The company has a 50-day moving average price of $28.08 and a 200 day moving average price of $26.23.
Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.16. The company earned $8.91 billion during the quarter, compared to analyst estimates of $8.30 billion. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 EPS. Analysts anticipate that Morgan Stanley will post $2.48 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, July 29th were given a $0.20 dividend. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, July 27th. This represents a $0.80 annualized dividend and a dividend yield of 2.63%.
In related news, Director Donald T. Nicolaisen sold 3,302 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $27.88, for a total transaction of $92,059.76. Following the transaction, the director now directly owns 91,704 shares in the company, valued at $2,556,707.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric F. Grossman sold 24,952 shares of the business’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $28.21, for a total transaction of $703,895.92. Following the transaction, the insider now owns 180,212 shares in the company, valued at $5,083,780.52. The disclosure for this sale can be found here.
A number of institutional investors have bought and sold shares of MS. Westbourne Investment Advisors Inc. raised its position in Morgan Stanley by 6.9% in the fourth quarter. Westbourne Investment Advisors Inc. now owns 31,755 shares of the financial services provider’s stock worth $1,010,000 after buying an additional 2,045 shares during the last quarter. Trexquant Investment LP acquired a new position in Morgan Stanley during the fourth quarter worth $1,753,000. Finally, KBC Group NV raised its position in Morgan Stanley by 59.6% in the fourth quarter. KBC Group NV now owns 681,478 shares of the financial services provider’s stock worth $21,677,000 after buying an additional 254,444 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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