Traders Buy Shares of Morgan Stanley (MS) on Weakness

Traders purchased shares of Morgan Stanley (NYSE:MS) on weakness during trading on Monday. $157.25 million flowed into the stock on the tick-up and $68.58 million flowed out of the stock on the tick-down, for a money net flow of $88.67 million into the stock. Of all stocks tracked, Morgan Stanley had the 6th highest net in-flow for the day. Morgan Stanley traded down ($0.61) for the day and closed at $46.08

MS has been the topic of several research analyst reports. HSBC set a $48.00 price objective on Morgan Stanley and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Zacks Investment Research downgraded Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. Oppenheimer raised their price objective on Morgan Stanley from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. ValuEngine raised Morgan Stanley from a “strong sell” rating to a “sell” rating in a research note on Friday, March 15th. Finally, Barclays dropped their price objective on Morgan Stanley from $63.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 2nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $55.81.

The firm has a market capitalization of $77.71 billion, a PE ratio of 10.41, a PEG ratio of 1.13 and a beta of 1.19. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.60.

Morgan Stanley (NYSE:MS) last released its earnings results on Wednesday, April 17th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.16. The firm had revenue of $10.29 billion during the quarter, compared to analysts’ expectations of $9.96 billion. Morgan Stanley had a return on equity of 12.02% and a net margin of 17.43%. The company’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 EPS. As a group, equities analysts expect that Morgan Stanley will post 4.71 earnings per share for the current year.

In related news, insider Jeffrey S. Brodsky sold 15,565 shares of Morgan Stanley stock in a transaction dated Friday, January 18th. The stock was sold at an average price of $43.38, for a total transaction of $675,209.70. Following the completion of the transaction, the insider now owns 112,420 shares in the company, valued at $4,876,779.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul C. Wirth sold 25,000 shares of Morgan Stanley stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $42.40, for a total value of $1,060,000.00. Following the transaction, the chief financial officer now owns 169,031 shares of the company’s stock, valued at approximately $7,166,914.40. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans increased its stake in Morgan Stanley by 31.0% in the third quarter. Thrivent Financial for Lutherans now owns 379,754 shares of the financial services provider’s stock valued at $17,685,000 after acquiring an additional 89,943 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Morgan Stanley by 28.3% during the third quarter. Advisors Asset Management Inc. now owns 35,178 shares of the financial services provider’s stock worth $1,638,000 after buying an additional 7,764 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Morgan Stanley by 234.4% during the third quarter. Mackenzie Financial Corp now owns 21,821 shares of the financial services provider’s stock worth $1,016,000 after buying an additional 15,295 shares during the last quarter. HRT Financial LLC bought a new stake in shares of Morgan Stanley during the third quarter worth $209,000. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Morgan Stanley by 35.6% during the third quarter. Brown Brothers Harriman & Co. now owns 5,450 shares of the financial services provider’s stock worth $254,000 after buying an additional 1,430 shares during the last quarter. Institutional investors and hedge funds own 86.10% of the company’s stock.

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Morgan Stanley Company Profile (NYSE:MS)

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.

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