Investors Sell Morgan Stanley (MS) on Strength (MS)
Traders sold shares of Morgan Stanley (NYSE:MS) on strength during trading on Friday. $32.78 million flowed into the stock on the tick-up and $47.35 million flowed out of the stock on the tick-down, for a money net flow of $14.57 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 $0.19 for the day and closed at $31.16
Several research firms recently commented on MS. Buckingham Research reissued a “buy” rating on shares of Morgan Stanley in a research note on Tuesday, June 21st. Vetr raised 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. reaffirmed a “buy” rating and set a $27.00 price objective (down from $32.00) on shares of Morgan Stanley in a research report on Wednesday, June 29th. Royal Bank Of Canada set a $27.00 price objective on Morgan Stanley and gave the stock a “buy” rating in a research report on Tuesday, June 28th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $27.00 price objective (down from $29.00) on shares of Morgan Stanley in a research report on Monday, June 27th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.35.
The stock has a market cap of $59.57 billion and a price-to-earnings ratio of 14.41. The firm has a 50 day moving average price of $29.04 and a 200-day moving average price of $26.53.
Morgan Stanley (NYSE:MS) last issued its earnings results on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.16. The business earned $8.91 billion during the quarter, compared to the consensus estimate of $8.30 billion. The business’s revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.79 EPS. On average, equities analysts expect that Morgan Stanley will post $2.49 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 29th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, July 27th. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 2.57%.
In other news, insider Keishi Hotsuki sold 246,452 shares of Morgan Stanley stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $30.27, for a total transaction of $7,460,102.04. Following the sale, the insider now owns 455,191 shares of the company’s stock, valued at $13,778,631.57. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Donald T. Nicolaisen sold 3,302 shares of Morgan Stanley stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $27.88, for a total value of $92,059.76. Following the sale, the director now directly owns 91,704 shares in the company, valued at approximately $2,556,707.52. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Morgan Stanley stock. Schwab Charles Investment Management Inc. raised its position in shares of Morgan Stanley (NYSE:MS) by 1.1% during the fourth quarter, according to its most recent filing with the SEC. 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 at the end of the most recent reporting period.
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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