Somewhat Positive Media Coverage Somewhat Unlikely to Affect Morgan Stanley (MS) Stock Price
Media coverage about Morgan Stanley (NYSE:MS) has trended somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Morgan Stanley earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.7618254496047 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- Morgan Stanley (MS) noted a price change of -2.22% and Washington Real Estate Investment Trust (WRE) closes with … – Stocks Gallery (stocksgallery.com)
- Form SC 13G/A 500.com Ltd Filed by: MORGAN STANLEY – StreetInsider.com (streetinsider.com)
- MARKET BUZZ: Morgan Stanley Raises TP On China Suntien; Reiterates Overweight (asia.nikkei.com)
- Morgan Stanley updates on Dunkin’ Brands (seekingalpha.com)
- Banco Santander: Morgan Stanley upgrades on 1 bln euro cost-cutting potential (timesofindia.indiatimes.com)
Shares of Morgan Stanley (NYSE MS) traded down 0.14% during midday trading on Friday, reaching $44.01. The company’s stock had a trading volume of 8,739,832 shares. Morgan Stanley has a 1-year low of $30.62 and a 1-year high of $48.90. The company has a market capitalization of $80.83 billion, a P/E ratio of 12.61 and a beta of 1.63. The stock has a 50 day moving average of $46.23 and a 200-day moving average of $44.54.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.76 by $0.11. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%. The company had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.05 billion. During the same quarter last year, the business earned $0.75 earnings per share. Morgan Stanley’s revenue was up 6.7% compared to the same quarter last year. On average, equities research analysts anticipate that Morgan Stanley will post $3.50 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.27%. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.20. Morgan Stanley’s dividend payout ratio (DPR) is presently 28.65%.
Morgan Stanley announced that its Board of Directors has approved a stock repurchase plan on Wednesday, June 28th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 6.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
A number of research firms have recently commented on MS. J P Morgan Chase & Co reiterated a “buy” rating on shares of Morgan Stanley in a research report on Tuesday, May 23rd. Deutsche Bank AG reiterated a “buy” rating on shares of Morgan Stanley in a research report on Monday, July 3rd. Vetr upgraded Morgan Stanley from a “sell” rating to a “hold” rating and set a $40.50 target price on the stock in a research report on Tuesday, May 23rd. HSBC Holdings plc set a $54.00 target price on Morgan Stanley and gave the stock a “hold” rating in a research report on Friday, August 11th. Finally, Zacks Investment Research cut Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $48.57.
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In other news, Chairman James P. Gorman sold 212,366 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $47.26, for a total value of $10,036,417.16. Following the completion of the transaction, the chairman now directly owns 1,602,609 shares in the company, valued at $75,739,301.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jonathan Pruzan sold 25,767 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $46.68, for a total transaction of $1,202,803.56. Following the completion of the transaction, the chief financial officer now owns 196,708 shares of the company’s stock, valued at $9,182,329.44. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.
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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