Morgan Stanley (NYSE:MS) Chairman James P. Gorman sold 100,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $55.34, for a total transaction of $5,534,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Morgan Stanley (NYSE:MS) opened at $55.14 on Friday. The company has a market cap of $99,690.00, a price-to-earnings ratio of 17.84, a PEG 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 has a fifty-two week low of $40.06 and a fifty-two week high of $58.05.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. The company had revenue of $9.50 billion for 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 10.03%. Morgan Stanley’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 earnings per share. research analysts forecast that Morgan Stanley will post 4.51 EPS for the current year.
A number of analysts have weighed in on MS shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $63.00 target price on shares of Morgan Stanley in a research note on Friday, December 22nd. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Monday, December 11th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Morgan Stanley in a research note on Monday, November 20th. Vining Sparks reaffirmed a “buy” rating and set a $60.00 target price on shares of Morgan Stanley in a research note on Monday, January 8th. Finally, Credit Suisse Group raised shares of Morgan Stanley to a “buy” rating and set a $58.00 target price on the stock in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Morgan Stanley has a consensus rating of “Buy” and an average price target of $54.07.
Several large investors have recently modified their holdings of MS. Exane Derivatives lifted its holdings in Morgan Stanley by 303.9% in the fourth quarter. Exane Derivatives now owns 1,979 shares of the financial services provider’s stock valued at $104,000 after buying an additional 1,489 shares during the period. Invictus RG lifted its holdings in Morgan Stanley by 307.5% in the third quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,762 shares during the period. Rational Advisors LLC acquired a new position in Morgan Stanley in the third quarter valued at $116,000. Zions Bancorporation lifted its holdings in Morgan Stanley by 176.1% in the third quarter. Zions Bancorporation now owns 2,463 shares of the financial services provider’s stock valued at $119,000 after buying an additional 1,571 shares during the period. Finally, WFG Advisors LP lifted its holdings in Morgan Stanley by 45.4% in the second quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock valued at $120,000 after buying an additional 840 shares during the period. Institutional investors own 86.55% of the company’s stock.
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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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