Morgan Stanley (NYSE:MS – Get Free Report) Director Judith Miscik sold 2,480 shares of the business’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $183.21, for a total transaction of $454,360.80. Following the sale, the director directly owned 64,215 shares in the company, valued at $11,764,830.15. The trade was a 3.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Morgan Stanley Stock Performance
Shares of Morgan Stanley stock traded up $0.45 during trading hours on Tuesday, reaching $187.55. The company had a trading volume of 4,181,567 shares, compared to its average volume of 6,227,868. Morgan Stanley has a one year low of $152.80 and a one year high of $232.25. The business has a fifty day simple moving average of $194.66 and a 200 day simple moving average of $194.33. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $295.81 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.30 and a beta of 1.23.
Morgan Stanley (NYSE:MS – Get Free Report) last released its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.10. Morgan Stanley had a return on equity of 19.40% and a net margin of 15.63%. The company had revenue of $20.34 billion for the quarter, compared to analyst estimates of $19.93 billion. During the same period in the previous year, the company posted $2.80 EPS. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, analysts anticipate that Morgan Stanley will post 12.83 earnings per share for the current fiscal year.
Morgan Stanley Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, October 30th. Morgan Stanley’s payout ratio is presently 36.51%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on MS. Wells Fargo & Company decreased their price target on Morgan Stanley from $223.00 to $217.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 15th. Royal Bank Of Canada cut their price objective on shares of Morgan Stanley from $243.00 to $195.00 and set a “sector perform” rating for the company in a research report on Thursday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Morgan Stanley in a research note on Wednesday, October 14th. UBS Group upped their target price on shares of Morgan Stanley from $236.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, November 2nd. Finally, Freedom Capital upgraded shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Morgan Stanley has a consensus rating of “Moderate Buy” and an average price target of $214.81.
Institutional Trading of Morgan Stanley
Several institutional investors and hedge funds have recently modified their holdings of MS. Marquette Asset Management LLC raised its stake in Morgan Stanley by 143.4% in the second quarter. Marquette Asset Management LLC now owns 129 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 76 shares in the last quarter. Atlatl Advisers LLC bought a new stake in Morgan Stanley during the second quarter valued at approximately $28,000. Hughes Financial Services LLC grew its stake in Morgan Stanley by 55.7% in the 2nd quarter. Hughes Financial Services LLC now owns 137 shares of the financial services provider’s stock worth $29,000 after buying an additional 49 shares in the last quarter. Entrust Financial LLC purchased a new position in Morgan Stanley in the 3rd quarter worth approximately $26,000. Finally, Security National Bank of SO Dak bought a new position in shares of Morgan Stanley in the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 84.19% of the company’s stock.
Key Morgan Stanley News
Here are the key news stories impacting Morgan Stanley this week:
- Positive Sentiment: Morgan Stanley will add Vinyl Equity’s digital transfer-agent and shareholder-recordkeeping services to its Morgan Stanley at Work platform. The deal could let the firm support companies and shareholders across private-to-public transitions, deepen client relationships, and create opportunities to win more wealth-management assets as employees and founders monetize equity. Deal terms were not disclosed. Morgan Stanley to Acquire Digital-Native Transfer Agent Vinyl Equity
- Neutral Sentiment: Morgan Stanley’s market strategists have said the recent S&P 500 correction may be nearing its end, while cautioning that markets could still fall further. This could inform overall risk appetite, but is not a direct change to the company’s outlook. Morgan Stanley strategist on the market correction
- Neutral Sentiment: A report says Morgan Stanley is reducing exposure to data-center construction loans as some financing shifts to private-credit providers. The move may limit direct lending exposure, but the article does not quantify the financial impact. Morgan Stanley trims data-center loan exposure
Morgan Stanley Company Profile
Morgan Stanley is a global financial services company that provides investment banking, securities, wealth management and investment management services to corporations, governments, institutions and individuals. Its Institutional Securities business offers services such as financial advisory, capital raising, sales and trading, and research. The company also provides financial planning, brokerage and banking services through its Wealth Management business, while its Investment Management business offers investment strategies and portfolio management to a range of clients.
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