Traders Sell Morgan Stanley (MS) on Strength (MS)

Investors sold shares of Morgan Stanley (NYSE:MS) on strength during trading on Monday. $60.79 million flowed into the stock on the tick-up and $132.58 million flowed out of the stock on the tick-down, for a money net flow of $71.79 million out of the stock. Of all companies tracked, Morgan Stanley had the 25th highest net out-flow for the day. Morgan Stanley traded up $0.31 for the day and closed at $53.35

Several brokerages have issued reports on MS. UBS upgraded shares of Morgan Stanley to an “overweight” rating in a report on Wednesday, January 10th. Atlantic Securities upgraded shares of Morgan Stanley from a “neutral” rating to an “overweight” rating and set a $61.00 target price on the stock in a report on Wednesday, January 10th. Sanford C. Bernstein initiated coverage on shares of Morgan Stanley in a report on Monday. They set an “underperform” rating on the stock. Keefe, Bruyette & Woods upgraded shares of Morgan Stanley from a “market perform” rating to an “outperform” rating and set a $59.00 price target on the stock in a report on Tuesday, December 12th. Finally, Zacks Investment Research cut shares of Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Morgan Stanley has a consensus rating of “Buy” and a consensus target price of $54.69.

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The stock has a market cap of $95,039.52, a P/E ratio of 14.82, a P/E/G ratio of 0.91 and a beta of 1.54. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.75.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.07. The firm had revenue of $9.50 billion during the quarter, compared to analyst estimates of $9.25 billion. Morgan Stanley had a net margin of 14.10% and a return on equity of 10.07%. Morgan Stanley’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. analysts predict that Morgan Stanley will post 4.52 EPS for the current year.

In other Morgan Stanley news, CFO Jonathan Pruzan sold 52,204 shares of the firm’s 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 Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel A. Simkowitz sold 87,050 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $53.55, for a total transaction of $4,661,527.50. The disclosure for this sale can be found here. Insiders sold a total of 239,254 shares of company stock valued at $13,085,019 over the last ninety days. 0.24% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Iberiabank Corp raised its position in Morgan Stanley by 11.8% during the 4th quarter. Iberiabank Corp now owns 9,121 shares of the financial services provider’s stock worth $479,000 after buying an additional 960 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. raised its position in Morgan Stanley by 5.9% during the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 18,018 shares of the financial services provider’s stock worth $945,000 after buying an additional 1,000 shares during the last quarter. Bollard Group LLC raised its position in Morgan Stanley by 1.0% during the 4th quarter. Bollard Group LLC now owns 108,699 shares of the financial services provider’s stock worth $5,703,000 after buying an additional 1,040 shares during the last quarter. IFM Investors Pty Ltd raised its position in Morgan Stanley by 2.7% during the 3rd quarter. IFM Investors Pty Ltd now owns 39,081 shares of the financial services provider’s stock worth $1,883,000 after buying an additional 1,041 shares during the last quarter. Finally, Covenant Asset Management LLC raised its position in Morgan Stanley by 3.4% during the 4th quarter. Covenant Asset Management LLC now owns 33,036 shares of the financial services provider’s stock worth $1,733,000 after buying an additional 1,071 shares during the last quarter. 86.07% of the stock is owned by institutional investors.

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About Morgan Stanley

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through three segments: Institutional Securities, Wealth Management, and Investment Management.

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