Traders 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 have commented on MS. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Morgan Stanley in a research report on Sunday, July 10th. Vetr lowered Morgan Stanley from a “sell” rating to a “strong sell” rating and set a $26.38 price target on the stock. in a research report on Monday, August 15th. TheStreet raised Morgan Stanley from a “hold” rating to a “buy” rating in a research report on Monday, July 25th. UBS AG lifted their price target on 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 price target on Morgan Stanley and gave the stock a “buy” rating in a research report on Tuesday, June 28th. Three 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 stock. The company presently has an average rating of “Hold” and a consensus target price of $32.35.
The firm has a market capitalization of $59.57 billion and a PE ratio of 14.41. The company’s 50-day moving average is $29.04 and its 200-day moving average is $26.53.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.16. During the same period in the previous year, the business posted $0.79 earnings per share. The firm had revenue of $8.91 billion for the quarter, compared to the consensus estimate of $8.30 billion. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. Equities research analysts predict that Morgan Stanley will post $2.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 29th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.57%. This is an increase from Morgan Stanley’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, July 27th.
In other news, insider Jeffrey S. Brodsky sold 19,955 shares of the firm’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $28.79, for a total transaction of $574,504.45. Following the completion of the sale, the insider now directly owns 123,710 shares of the company’s stock, valued at approximately $3,561,610.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Keishi Hotsuki sold 246,452 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $30.27, for a total value of $7,460,102.04. Following the sale, the insider now directly owns 455,191 shares of the company’s stock, valued at $13,778,631.57. 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 Form 13F filing with the Securities and Exchange Commission (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 0.21% of Morgan Stanley worth $128,058,000 as of its most recent filing with the SEC.
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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