Morgan Stanley (NYSE:MS) CFO Jonathan Pruzan sold 52,204 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $55.35, for a total transaction 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) opened at $55.14 on Friday. Morgan Stanley has a twelve month low of $40.06 and a twelve month high of $58.05. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization 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.
Morgan Stanley (NYSE:MS) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $9.25 billion. During the same period last year, the business earned $0.81 EPS. Morgan Stanley’s quarterly revenue was up 5.3% compared to the same quarter last year. analysts predict that Morgan Stanley will post 4.51 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the stock. ValueAct Holdings L.P. lifted its holdings in shares of Morgan Stanley by 0.4% in the 4th quarter. ValueAct Holdings L.P. now owns 17,959,620 shares of the financial services provider’s stock worth $942,341,000 after purchasing an additional 75,000 shares in the last quarter. Geode Capital Management LLC lifted its stake in Morgan Stanley by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 14,948,683 shares of the financial services provider’s stock valued at $782,739,000 after acquiring an additional 206,318 shares in the last quarter. Bank of New York Mellon Corp lifted its stake 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 valued at $663,392,000 after acquiring an additional 1,569,202 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Morgan Stanley by 2.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 12,276,170 shares of the financial services provider’s stock valued at $644,130,000 after acquiring an additional 299,060 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake 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 valued at $569,213,000 after acquiring an additional 1,828,697 shares in the last quarter. Institutional investors own 86.55% of the company’s stock.
MS has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $63.00 target price on shares of Morgan Stanley in a research report on Friday, December 22nd. Societe Generale cut Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Royal Bank of Canada restated a “buy” rating and set a $60.00 price target on shares of Morgan Stanley in a report on Friday, January 19th. Zacks Investment Research cut Morgan Stanley from a “buy” rating to a “hold” rating in a report on Friday, December 29th. Finally, Wells Fargo & Co set a $55.00 price target on Morgan Stanley and gave the stock a “hold” rating in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $54.07.
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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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