Morgan Stanley (NYSE:MS) major shareholder Stanley Morgan sold 357 shares of the company’s stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $23,750.00, for a total value of $8,478,750.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Morgan Stanley (NYSE:MS) opened at 32.06 on Monday. The stock has a 50 day moving average price of $31.34 and a 200-day moving average price of $27.76. The company has a market cap of $61.29 billion, a price-to-earnings ratio of 14.83 and a beta of 2.09. Morgan Stanley has a 12-month low of $21.16 and a 12-month high of $35.74.
Morgan Stanley (NYSE:MS) last released its earnings results on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.16. Morgan Stanley had a return on equity of 6.41% and a net margin of 13.27%. The company earned $8.91 billion during the quarter, compared to analyst estimates of $8.30 billion. During the same quarter in the previous year, the company posted $0.79 EPS. Morgan Stanley’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, analysts predict that Morgan Stanley will post $2.51 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its stake in Morgan Stanley by 13.8% in the second quarter. Macquarie Group Ltd. now owns 527,900 shares of the financial services provider’s stock worth $13,715,000 after buying an additional 64,200 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Morgan Stanley during the second quarter worth $1,585,000. Kentucky Retirement Systems bought a new stake in Morgan Stanley during the second quarter worth $3,338,000. Mason Street Advisors LLC bought a new stake in Morgan Stanley during the second quarter worth $5,287,000. Finally, CI Investments Inc. bought a new stake in Morgan Stanley during the second quarter worth $1,689,000. 83.64% of the stock is owned by institutional investors.
A number of analysts have recently weighed in on MS shares. Wells Fargo & Co. reiterated a “hold” rating on shares of Morgan Stanley in a research report on Sunday, July 10th. Vetr downgraded Morgan Stanley from a “sell” rating to a “strong sell” rating and set a $26.38 target price for the company. in a research report on Monday, August 15th. TheStreet upgraded Morgan Stanley from a “hold” rating to a “buy” rating in a research report on Monday, July 25th. UBS AG upped their price objective on Morgan Stanley from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, July 21st. Finally, Royal Bank Of Canada set a $27.00 price objective on Morgan Stanley and gave the stock a “buy” rating in a research report on Tuesday, June 28th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $31.97.
Morgan Stanley Company Profile
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.
Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.