Morgan Stanley (MS) Insider Keishi Hotsuki Sells 25,000 Shares of Stock
Morgan Stanley (NYSE:MS) insider Keishi Hotsuki sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Morgan Stanley (MS) traded up $0.34 during trading on Friday, hitting $51.95. The company had a trading volume of 10,012,520 shares, compared to its average volume of 6,329,667. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.74 and a quick ratio of 0.74. Morgan Stanley has a 12-month low of $40.06 and a 12-month high of $52.58. The firm has a market capitalization of $93,323.57, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 1.19 and a beta of 1.65.
Morgan Stanley (NYSE:MS) last released its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.12. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.05 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. analysts expect that Morgan Stanley will post 3.57 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Monday, October 30th. Morgan Stanley’s dividend payout ratio (DPR) is 27.70%.
Several brokerages have weighed in on MS. Oppenheimer reissued a “hold” rating on shares of Morgan Stanley in a report on Tuesday, October 17th. set a $54.00 price target on Morgan Stanley and gave the stock a “hold” rating in a report on Friday, August 11th. Wells Fargo & Company began coverage on Morgan Stanley in a report on Wednesday, August 9th. They issued a “market perform” rating and a $48.00 price target for the company. Berenberg Bank reissued a “hold” rating and issued a $40.00 price target on shares of Morgan Stanley in a report on Thursday, September 21st. Finally, Buckingham Research raised their price target on Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. Morgan Stanley presently has an average rating of “Buy” and a consensus target price of $50.39.
Several institutional investors have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust raised its position in Morgan Stanley by 9.1% during the second quarter. Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 190 shares in the last quarter. Omnia Family Wealth LLC raised its position in Morgan Stanley by 5.8% during the second quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 134 shares in the last quarter. Invictus RG raised its position in Morgan Stanley by 307.5% during the third quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 1,762 shares in the last quarter. Rational Advisors LLC purchased a new position in Morgan Stanley during the third quarter valued at approximately $116,000. Finally, Zions Bancorporation raised its position in Morgan Stanley by 176.1% during the third quarter. Zions Bancorporation now owns 2,463 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 1,571 shares in the last quarter. 85.59% of the stock is owned by hedge funds and other institutional investors.
About Morgan Stanley
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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