Morgan Stanley (NYSE:MS) CFO Jonathan Pruzan sold 52,204 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $55.35, for a total value of $2,889,491.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Morgan Stanley (NYSE:MS) traded down $0.26 during mid-day trading on Friday, hitting $55.14. The stock had a trading volume of 7,448,195 shares, compared to its average volume of 10,390,000. Morgan Stanley has a 52 week low of $40.06 and a 52 week high of $58.05. The company has a market cap of $99,690.00, a price-to-earnings ratio of 17.84, a P/E/G ratio of 0.95 and a beta of 1.54. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.74 and a current ratio of 0.74.
Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.07. Morgan Stanley had a return on equity of 10.03% and a net margin of 14.10%. The company had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same period in the prior year, the company posted $0.81 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. research analysts expect that Morgan Stanley will post 4.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a $0.25 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.81%. Morgan Stanley’s dividend payout ratio is currently 32.36%.
Several equities analysts recently weighed in on MS shares. Royal Bank of Canada reissued a “buy” rating and set a $60.00 price objective on shares of Morgan Stanley in a research report on Friday, January 19th. Wells Fargo & Co set a $55.00 price target on Morgan Stanley and gave the company a “hold” rating in a report on Wednesday, December 20th. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $63.00 price target on shares of Morgan Stanley in a report on Friday, December 22nd. Finally, UBS Group raised Morgan Stanley to an “overweight” rating in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $54.07.
Several hedge funds have recently added to or reduced their stakes in MS. Amundi Pioneer Asset Management Inc. grew its stake in shares of Morgan Stanley by 361.8% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,418,918 shares of the financial services provider’s stock valued at $231,860,000 after purchasing an additional 3,462,069 shares during the period. Dimensional Fund Advisors LP grew its position in Morgan Stanley by 18.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 11,816,768 shares of the financial services provider’s stock worth $569,213,000 after acquiring an additional 1,828,697 shares during the last quarter. Bank of New York Mellon Corp grew its position in Morgan Stanley by 14.2% during the 4th quarter. Bank of New York Mellon Corp now owns 12,643,249 shares of the financial services provider’s stock worth $663,392,000 after acquiring an additional 1,569,202 shares during the last quarter. Bank of Montreal Can grew its position in Morgan Stanley by 37.7% during the 4th quarter. Bank of Montreal Can now owns 5,594,220 shares of the financial services provider’s stock worth $293,527,000 after acquiring an additional 1,532,991 shares during the last quarter. Finally, DSAM Partners London Ltd grew its position in Morgan Stanley by 622.8% during the 4th quarter. DSAM Partners London Ltd now owns 791,331 shares of the financial services provider’s stock worth $41,521,000 after acquiring an additional 681,856 shares during the last quarter. Institutional investors own 86.55% of the company’s stock.
Morgan Stanley Company Profile
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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