Traders Buy Morgan Stanley (MS) on Weakness
Traders purchased shares of Morgan Stanley (NYSE:MS) on weakness during trading hours on Tuesday. $117.21 million flowed into the stock on the tick-up and $67.36 million flowed out of the stock on the tick-down, for a money net flow of $49.85 million into the stock. Of all companies tracked, Morgan Stanley had the 9th highest net in-flow for the day. Morgan Stanley traded down ($0.45) for the day and closed at $56.91
Several analysts have recently commented on MS shares. Credit Suisse Group upgraded Morgan Stanley from a “neutral” rating to an “outperform” rating and raised their target price for the company from $49.00 to $54.00 in a research note on Monday, October 9th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $63.00 target price on shares of Morgan Stanley in a research note on Friday, December 22nd. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Friday, October 20th. Societe Generale downgraded Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Wells Fargo & Co set a $55.00 target price on Morgan Stanley and gave the company a “hold” rating in a research note on Wednesday, December 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $54.07.
The company has a market capitalization of $102,890.00, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 0.92 and a beta of 1.65. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.74 and a quick ratio of 0.74.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be paid a $0.25 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.76%. Morgan Stanley’s payout ratio is presently 32.36%.
In other news, Director Alistair Darling sold 3,850 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $49.29, for a total value of $189,766.50. Following the transaction, the director now owns 14,218 shares in the company, valued at approximately $700,805.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Keishi Hotsuki sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the stock. Optimum Investment Advisors raised its holdings in shares of Morgan Stanley by 2.6% in the 2nd quarter. Optimum Investment Advisors now owns 11,674 shares of the financial services provider’s stock worth $520,000 after purchasing an additional 301 shares during the period. Wilbanks Smith & Thomas Asset Management LLC raised its holdings in shares of Morgan Stanley by 1.0% in the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 59,207 shares of the financial services provider’s stock worth $2,638,000 after purchasing an additional 571 shares during the period. WFG Advisors LP raised its holdings in shares of Morgan Stanley by 45.4% in the 2nd quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 840 shares during the period. Carret Asset Management LLC raised its holdings in shares of Morgan Stanley by 6.6% in the 2nd quarter. Carret Asset Management LLC now owns 14,312 shares of the financial services provider’s stock worth $638,000 after purchasing an additional 890 shares during the period. Finally, Sentry Investment Management LLC raised its holdings in shares of Morgan Stanley by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 100,415 shares of the financial services provider’s stock worth $4,474,000 after purchasing an additional 959 shares during the period. 85.64% of the stock is currently owned by institutional investors.
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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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