James A. Rosenthal Sells 111,200 Shares of Morgan Stanley (MS) Stock
Morgan Stanley (NYSE:MS) COO James A. Rosenthal sold 111,200 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $40.34, for a total transaction of $4,485,808.00. Following the transaction, the chief operating officer now directly owns 294,261 shares in the company, valued at $11,870,488.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Morgan Stanley (NYSE:MS) opened at 40.54 on Wednesday. The firm’s 50-day moving average is $34.65 and its 200-day moving average is $30.10. Morgan Stanley has a one year low of $21.16 and a one year high of $40.80. The company has a market cap of $75.92 billion, a price-to-earnings ratio of 16.29 and a beta of 1.87.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Wednesday, October 19th. The financial services provider reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.17. The company had revenue of $8.91 billion for the quarter, compared to analysts’ expectations of $8.17 billion. Morgan Stanley had a return on equity of 7.57% and a net margin of 14.44%. Morgan Stanley’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. Analysts expect that Morgan Stanley will post $2.70 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, October 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.97%. Morgan Stanley’s dividend payout ratio is 32.00%.
A number of institutional investors have recently bought and sold shares of MS. ValueAct Holdings L.P. bought a new position in Morgan Stanley during the second quarter valued at about $987,240,000. The Manufacturers Life Insurance Company bought a new position in Morgan Stanley during the third quarter valued at about $311,936,000. Janus Capital Management LLC raised its position in Morgan Stanley by 94.6% in the second quarter. Janus Capital Management LLC now owns 8,133,460 shares of the financial services provider’s stock valued at $211,307,000 after buying an additional 3,953,641 shares during the last quarter. SG Americas Securities LLC raised its position in Morgan Stanley by 204.1% in the third quarter. SG Americas Securities LLC now owns 1,738,247 shares of the financial services provider’s stock valued at $55,728,000 after buying an additional 3,407,976 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in Morgan Stanley by 52.8% in the third quarter. TIAA CREF Investment Management LLC now owns 8,135,202 shares of the financial services provider’s stock valued at $260,815,000 after buying an additional 2,812,047 shares during the last quarter. Institutional investors and hedge funds own 85.32% of the company’s stock.
A number of research analysts recently commented on the stock. Vetr downgraded shares of Morgan Stanley from a “hold” rating to a “sell” rating and set a $32.18 price objective on the stock. in a research report on Tuesday, November 8th. Zacks Investment Research downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Thursday, October 6th. JPMorgan Chase & Co. set a $32.00 price objective on shares of Morgan Stanley and gave the company a “buy” rating in a research report on Thursday, September 22nd. Argus boosted their price objective on shares of Morgan Stanley from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Finally, Buckingham Research raised shares of Morgan Stanley from a “neutral” rating to a “buy” rating in a research report on Thursday, August 25th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company’s stock. Morgan Stanley presently has an average rating of “Hold” and a consensus target price of $32.59.
About Morgan Stanley
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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