Headlines about Morgan Stanley (NYSE:MS) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Morgan Stanley earned a news impact score of 0.15 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.7618254496047 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s analysis:
- Latest MS EUR/USD order (limit buy, target & stop) (forexlive.com)
- ETFs with exposure to Morgan Stanley : September 22, 2017 (finance.yahoo.com)
- Investors Buy High Volume of Morgan Stanley Put Options (MS) (americanbankingnews.com)
- Contrasting Raymond James Financial (RJF) & Morgan Stanley (MS) (americanbankingnews.com)
- Morgan Stanley (MS)- Performance Analysis Delights Active Investors – NASDAQ Times (nasdaqtimes.com)
Morgan Stanley (NYSE:MS) traded down 0.08% during mid-day trading on Friday, reaching $48.22. 6,050,036 shares of the company traded hands. The stock has a market capitalization of $88.56 billion, a PE ratio of 13.78 and a beta of 1.63. Morgan Stanley has a 52-week low of $30.62 and a 52-week high of $48.90. The firm’s 50-day moving average is $46.13 and its 200 day moving average is $44.52.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. Morgan Stanley had a return on equity of 9.83% and a net margin of 16.77%. The business had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $9.05 billion. During the same quarter last year, the business earned $0.75 earnings per share. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, equities research analysts expect that Morgan Stanley will post $3.49 earnings per share for the current year.
Morgan Stanley declared that its board has authorized a stock repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 6.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
MS has been the subject of several recent research reports. Zacks Investment Research cut shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. ValuEngine lowered shares of Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Instinet restated a “buy” rating and set a $50.00 price target (down previously from $51.00) on shares of Morgan Stanley in a research report on Saturday, June 3rd. J P Morgan Chase & Co reiterated a “buy” rating on shares of Morgan Stanley in a research report on Monday, May 29th. Finally, Wells Fargo & Company began coverage on shares of Morgan Stanley in a research report on Wednesday, August 9th. They issued a “market perform” rating and a $48.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Morgan Stanley presently has a consensus rating of “Buy” and a consensus price target of $48.11.
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In other news, CFO Jonathan Pruzan sold 25,767 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $46.68, for a total transaction of $1,202,803.56. Following the sale, the chief financial officer now owns 196,708 shares of the company’s stock, valued at $9,182,329.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman James P. Gorman sold 212,366 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $47.26, for a total value of $10,036,417.16. Following the transaction, the chairman now owns 1,602,609 shares of the company’s stock, valued at $75,739,301.34. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.
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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