Morgan Stanley (MS) Insider Sells $2,295,942.00 in Stock
Morgan Stanley (NYSE:MS) insider Eric F. Grossman sold 60,675 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $37.84, for a total transaction of $2,295,942.00. Following the completion of the sale, the insider now directly owns 269,111 shares in the company, valued at $10,183,160.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Morgan Stanley (NYSE:MS) opened at 39.19 on Thursday. The stock has a 50 day moving average price of $33.69 and a 200 day moving average price of $29.68. The stock has a market cap of $73.40 billion, a price-to-earnings ratio of 15.75 and a beta of 1.87. Morgan Stanley has a 52-week low of $21.16 and a 52-week high of $40.03.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Wednesday, October 19th. The financial services provider reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.17. Morgan Stanley had a return on equity of 7.57% and a net margin of 14.44%. The company had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.17 billion. During the same quarter in the prior year, the firm posted $0.34 EPS. Morgan Stanley’s quarterly revenue was up 14.7% compared to the same quarter last year. Analysts expect that Morgan Stanley will post $2.70 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $0.80 dividend on an annualized basis and a yield of 2.04%. Morgan Stanley’s payout ratio is 32.00%.
Hedge funds have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. acquired a new stake in Morgan Stanley during the third quarter worth $110,000. Parkside Financial Bank & Trust raised its stake in Morgan Stanley by 6.4% in the third quarter. Parkside Financial Bank & Trust now owns 3,437 shares of the financial services provider’s stock worth $110,000 after buying an additional 207 shares during the last quarter. MCF Advisors LLC raised its stake in Morgan Stanley by 0.6% in the third quarter. MCF Advisors LLC now owns 4,176 shares of the financial services provider’s stock worth $134,000 after buying an additional 26 shares during the last quarter. First Manhattan Co. raised its stake in Morgan Stanley by 2.4% in the third quarter. First Manhattan Co. now owns 4,294 shares of the financial services provider’s stock worth $137,000 after buying an additional 100 shares during the last quarter. Finally, FineMark National Bank & Trust raised its stake in Morgan Stanley by 2.0% in the second quarter. FineMark National Bank & Trust now owns 4,332 shares of the financial services provider’s stock worth $113,000 after buying an additional 84 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.
A number of equities research analysts recently weighed in on MS shares. Royal Bank Of Canada raised their target price on shares of Morgan Stanley from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, July 21st. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Friday, October 21st. Citigroup Inc. lifted their price target on shares of Morgan Stanley from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, October 10th. Nomura reissued a “buy” rating and set a $34.00 price target on shares of Morgan Stanley in a research note on Friday, July 22nd. Finally, Sandler O’Neill downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a research note on Thursday, October 6th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $32.59.
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.
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