Morgan Stanley (MS) Stock Price Up 3.2%
Shares of Morgan Stanley (NYSE:MS) rose 3.2% during trading on Thursday . The stock traded as high as $28.02 and last traded at $28.02, with a volume of 7,385,744 shares changing hands. The stock had previously closed at $27.16.
MS has been the subject of several analyst reports. Nomura Holdings Inc. lowered their target price on shares of Morgan Stanley from $38.00 to $36.00 in a report on Monday, March 21st. Wells Fargo & Co. restated a “hold” rating on shares of Morgan Stanley in a research report on Sunday, July 10th. Deutsche Bank AG restated a “hold” rating and set a $29.00 price target on shares of Morgan Stanley in a research report on Wednesday, April 13th. Vetr lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating and set a $25.26 price target for the company. in a research report on Monday, July 11th. Finally, Barclays PLC reduced their price target on shares of Morgan Stanley from $35.00 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 6th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have given a buy rating to the company. Morgan Stanley currently has an average rating of “Hold” and a consensus target price of $32.49.
The company has a 50-day moving average of $26.10 and a 200-day moving average of $26.03. The firm has a market cap of $54.26 billion and a PE ratio of 12.34.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Monday, April 18th. The financial services provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.10. The firm had revenue of $7.80 billion for the quarter, compared to analysts’ expectations of $8.52 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The firm’s revenue was down 21.3% on a year-over-year basis. On average, analysts predict that Morgan Stanley will post $2.30 EPS for the current fiscal year.
In other news, insider Eric F. Grossman sold 24,952 shares of the company’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $28.21, for a total transaction of $703,895.92. Following the completion of the sale, the insider now owns 180,212 shares of the company’s stock, valued at approximately $5,083,780.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Other large investors have added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in 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 last quarter. Diamond Hill Capital Management Inc. increased 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 period. Janus Capital Management increased its position in shares of Morgan Stanley by 8.6% in the third quarter. Janus Capital Management now owns 4,722,138 shares of the financial services provider’s stock worth $148,748,000 after buying an additional 375,509 shares during the period. RidgeWorth Capital Management LLC increased 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 period. Finally, Mizuho Trust & Banking Co. Ltd. increased its position in shares of Morgan Stanley by 5.6% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 2,321,969 shares of the financial services provider’s stock worth $74,837,000 after buying an additional 123,885 shares during the 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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