Morgan Stanley (NYSE:MS) President Thomas Colm Kelleher sold 182,027 shares of the business’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $43.82, for a total value of $7,976,423.14. Following the completion of the sale, the president now directly owns 836,809 shares of the company’s stock, valued at approximately $36,668,970.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Morgan Stanley (NYSE:MS) traded down 0.33% during trading on Friday, hitting $44.70. The stock had a trading volume of 8,909,348 shares. The stock has a market cap of $82.78 billion, a price-to-earnings ratio of 15.30 and a beta of 1.80. The firm has a 50 day moving average of $43.21 and a 200-day moving average of $36.35. Morgan Stanley has a 12 month low of $21.86 and a 12 month high of $45.15.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Tuesday, January 17th. The financial services provider reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.16. Morgan Stanley had a net margin of 15.76% and a return on equity of 8.48%. The firm earned $9 billion during the quarter, compared to the consensus estimate of $8.51 billion. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. Equities analysts predict that Morgan Stanley will post $3.42 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Tuesday, January 31st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, January 27th. Morgan Stanley’s dividend payout ratio is presently 27.40%.
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MS has been the subject of a number of recent research reports. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Friday, October 21st. HSBC Holdings plc initiated coverage on Morgan Stanley in a research note on Monday, December 5th. They issued a “hold” rating and a $42.00 target price for the company. Barclays PLC boosted their target price on Morgan Stanley from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, October 20th. Vetr raised Morgan Stanley from a “strong sell” rating to a “sell” rating and set a $30.77 target price for the company in a research note on Monday, October 17th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Morgan Stanley in a research note on Monday, November 28th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $38.05.
Several hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust increased its stake in Morgan Stanley by 6.4% in the third quarter. Parkside Financial Bank & Trust now owns 3,437 shares of the financial services provider’s stock valued at $110,000 after buying an additional 207 shares in the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of Morgan Stanley during the third quarter valued at about $110,000. MCF Advisors LLC raised its position in shares of Morgan Stanley by 0.6% in the third quarter. MCF Advisors LLC now owns 4,176 shares of the financial services provider’s stock valued at $134,000 after buying an additional 26 shares during the last quarter. First Manhattan Co. raised its position in shares of Morgan Stanley by 2.4% in the third quarter. First Manhattan Co. now owns 4,294 shares of the financial services provider’s stock valued at $137,000 after buying an additional 100 shares during the last quarter. Finally, Trust Co. of Vermont raised its position in shares of Morgan Stanley by 24.6% in the third quarter. Trust Co. of Vermont now owns 4,597 shares of the financial services provider’s stock valued at $147,000 after buying an additional 907 shares during the last quarter. 85.94% of the stock is owned by hedge funds and other institutional investors.
About Morgan Stanley
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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