Investors Sell Morgan Stanley (MS) on Strength (MS)
Traders sold shares of Morgan Stanley (NYSE:MS) on strength during trading hours on Thursday. $40.79 million flowed into the stock on the tick-up and $63.91 million flowed out of the stock on the tick-down, for a money net flow of $23.12 million out of the stock. Of all equities tracked, Morgan Stanley had the 0th highest net out-flow for the day. Morgan Stanley traded up $0.54 for the day and closed at $25.69
MS has been the topic of several recent research reports. TheStreet downgraded Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Monday, March 14th. Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Morgan Stanley in a research note on Sunday, March 20th. Nomura Holdings Inc. decreased their price objective on Morgan Stanley from $38.00 to $36.00 in a research note on Monday, March 21st. Macquarie decreased their price objective on Morgan Stanley from $32.00 to $31.00 in a research note on Friday, March 25th. Finally, Bank of America Corp. reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Morgan Stanley in a research note on Sunday, March 27th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have issued a buy rating to the stock. Morgan Stanley presently has a consensus rating of “Hold” and a consensus price target of $32.88.
The stock’s 50-day moving average price is $26.08 and its 200-day moving average price is $26.16. The firm has a market capitalization of $51.08 billion and a P/E ratio of 11.62.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Monday, April 18th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by $0.10. The business earned $7.80 billion during the quarter, compared to the consensus estimate of $8.52 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The company’s quarterly revenue was down 21.3% compared to the same quarter last year. On average, equities analysts expect that Morgan Stanley will post $2.33 earnings per share for the current year.
In other Morgan Stanley news, insider Eric F. Grossman sold 24,952 shares of the stock in a transaction that occurred on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position 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 worth $2,595,594,000 after buying an additional 1,012,499 shares during the last quarter. RidgeWorth Capital Management LLC boosted its position in shares of 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 purchased a new position in shares of Morgan Stanley during the fourth quarter worth approximately $18,339,000. Diamond Hill Capital Management Inc. boosted its position in shares of 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 boosted its position in shares of 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.