Morgan Stanley (NYSE:MS - Get Free Report) insider Charles Aubrey Smith III sold 11,200 shares of the stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $90.09, for a total transaction of $1,009,008.00. Following the sale, the insider now directly owns 126,190 shares in the company, valued at approximately $11,368,457.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Morgan Stanley Stock Performance
Shares of NYSE:MS opened at $90.66 on Friday. The company has a market capitalization of $147.47 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 1.71 and a beta of 1.43. The firm's 50 day simple moving average is $88.92 and its 200 day simple moving average is $84.92. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.75 and a quick ratio of 0.75. Morgan Stanley has a fifty-two week low of $69.42 and a fifty-two week high of $95.57.
Morgan Stanley (NYSE:MS - Get Free Report) last announced its earnings results on Tuesday, April 16th. The financial services provider reported $2.02 EPS for the quarter, topping the consensus estimate of $1.69 by $0.33. The firm had revenue of $15.14 billion for the quarter, compared to the consensus estimate of $14.42 billion. Morgan Stanley had a net margin of 9.57% and a return on equity of 10.87%. The business's quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted $1.70 EPS. As a group, sell-side analysts forecast that Morgan Stanley will post 6.77 earnings per share for the current year.
Morgan Stanley Dividend Announcement
Biden to Launch “FedNOW” [Move Your Money Now]
From Priority Gold | Ad
Earlier this year President Biden signed the death warrant for America…
Executive Order 14067 will essentially cancel your money.
You see Biden and the Fed have teamed up to create a controllable, traceable, programmable digital currency to replace the dollar...
Get your free information kit NOW, before it's too late.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.85 per share. The ex-dividend date is Monday, April 29th. This represents a $3.40 annualized dividend and a yield of 3.75%. Morgan Stanley's dividend payout ratio (DPR) is currently 61.93%.
Institutional Trading of Morgan Stanley
Several hedge funds have recently bought and sold shares of MS. CGC Financial Services LLC raised its holdings in Morgan Stanley by 5,200.0% during the 4th quarter. CGC Financial Services LLC now owns 265 shares of the financial services provider's stock worth $25,000 after buying an additional 260 shares during the period. University of Texas Texas AM Investment Managment Co. acquired a new stake in Morgan Stanley during the 4th quarter worth approximately $25,000. RVW Wealth LLC acquired a new stake in shares of Morgan Stanley in the third quarter valued at approximately $27,000. Glass Jacobson Investment Advisors llc raised its holdings in shares of Morgan Stanley by 77.3% in the third quarter. Glass Jacobson Investment Advisors llc now owns 328 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 143 shares during the last quarter. Finally, Janiczek Wealth Management LLC raised its holdings in shares of Morgan Stanley by 810.8% in the third quarter. Janiczek Wealth Management LLC now owns 337 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 300 shares during the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have commented on MS shares. UBS Group increased their price objective on shares of Morgan Stanley from $80.00 to $95.00 and gave the stock a "neutral" rating in a report on Tuesday, January 9th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $91.00 target price on shares of Morgan Stanley in a research note on Wednesday, March 27th. BMO Capital Markets raised their target price on shares of Morgan Stanley from $115.00 to $118.00 and gave the company an "outperform" rating in a research note on Thursday. Evercore ISI raised their target price on shares of Morgan Stanley from $97.00 to $102.00 and gave the company an "outperform" rating in a research note on Thursday, April 4th. Finally, Cfra raised their target price on shares of Morgan Stanley from $97.00 to $108.00 and gave the company a "buy" rating in a research note on Tuesday. Thirteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $97.90.
Read Our Latest Stock Analysis on MS
About Morgan Stanley
(
Get Free Report)
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Institutional Securities, Wealth Management, and Investment Management segments.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
