Somewhat Favorable News Coverage Somewhat Unlikely to Impact Morgan Stanley (MS) Stock Price
News articles about Morgan Stanley (NYSE:MS) have been trending somewhat positive on Thursday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Morgan Stanley earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 44.5656889716056 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Morgan Stanley (MS) Insider Sells 25000 Shares of Stock (nismagazine.com)
- Amazon Prime growth is slowing down in the U.S., says Morgan Stanley (cnbc.com)
- Morgan Stanley: Amazon Prime membership slowing (seekingalpha.com)
- Goldman Sachs’ and Morgan Stanley’s Big Growth Opportunities … – Motley Fool (fool.com)
- How Schwab Got Robots to Play Nice With Humans (finance.yahoo.com)
A number of brokerages have weighed in on MS. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Monday. Keefe, Bruyette & Woods upgraded Morgan Stanley from a “market perform” rating to an “outperform” rating and set a $59.00 price target for the company in a report on Tuesday. Citigroup reiterated a “neutral” rating and set a $50.00 price target (up from $46.00) on shares of Morgan Stanley in a report on Monday, October 9th. Credit Suisse Group upgraded Morgan Stanley from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $49.00 to $54.00 in a report on Monday, October 9th. Finally, Barclays raised their target price on Morgan Stanley from $48.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.89.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.05 billion. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. Morgan Stanley’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 EPS. sell-side analysts anticipate that Morgan Stanley will post 3.57 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a yield of 1.88%. Morgan Stanley’s dividend payout ratio is 27.70%.
In other news, insider Jeffrey S. Brodsky sold 16,397 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $50.07, for a total transaction of $820,997.79. Following the completion of the transaction, the insider now directly owns 111,776 shares in the company, valued at approximately $5,596,624.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas Colm Kelleher sold 40,000 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the transaction, the president now owns 692,037 shares of the company’s stock, valued at $35,010,151.83. The disclosure for this sale can be found here. Insiders sold a total of 85,247 shares of company stock valued at $4,284,364 over the last quarter. 0.35% of the stock is owned by company insiders.
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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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