Traders Sell Shares of Morgan Stanley (MS) on Strength (MS)
Investors sold shares of Morgan Stanley (NYSE:MS) on strength during trading hours on Wednesday. $55.90 million flowed into the stock on the tick-up and $69.71 million flowed out of the stock on the tick-down, for a money net flow of $13.81 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 $0.19 for the day and closed at $30.91
Several equities research analysts have recently commented on the stock. Vetr downgraded shares of Morgan Stanley from a “hold” rating to a “sell” rating and set a $25.26 target price for the company. in a research report on Monday, July 11th. Berenberg Bank assumed coverage on shares of Morgan Stanley in a research report on Wednesday, July 13th. They set a “hold” rating and a $29.00 target price for the company. BMO Capital Markets set a $46.00 target price on shares of Morgan Stanley and gave the stock a “buy” rating in a research report on Wednesday, July 20th. UBS AG boosted their target price on shares of Morgan Stanley from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, July 21st. Finally, Royal Bank Of Canada set a $27.00 target price on shares of Morgan Stanley and gave the stock a “buy” rating in a research report on Tuesday, June 28th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $32.74.
The firm has a market cap of $59.09 billion and a P/E ratio of 14.30. The company’s 50-day moving average is $28.72 and its 200-day moving average is $26.44.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.16. The business earned $8.91 billion during the quarter, compared to analysts’ expectations of $8.30 billion. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 EPS. On average, equities research analysts forecast that Morgan Stanley will post $2.48 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 29th were issued a $0.20 dividend. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Wednesday, July 27th.
In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 19,955 shares of Morgan Stanley stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $28.79, for a total transaction of $574,504.45. Following the transaction, the insider now owns 123,710 shares of the company’s stock, valued at $3,561,610.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul C. Wirth sold 20,000 shares of Morgan Stanley stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $30.20, for a total transaction of $604,000.00. Following the transaction, the chief financial officer now directly owns 214,280 shares in the company, valued at approximately $6,471,256. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Morgan Stanley stock. Schwab Charles Investment Management Inc. increased its stake in Morgan Stanley (NYSE:MS) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,025,711 shares of the financial services provider’s stock after buying an additional 44,534 shares during the period. Schwab Charles Investment Management Inc. owned about 0.21% of Morgan Stanley worth $128,058,000 as of its most recent SEC filing.
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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