Morgan Stanley (NYSE:MS) Sets New 52-Week High – What’s Next?
by Doug Wharley · The Cerbat GemMorgan Stanley (NYSE:MS – Get Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $172.09 and last traded at $172.18, with a volume of 2393605 shares changing hands. The stock had previously closed at $169.09.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. Jefferies Financial Group increased their price objective on Morgan Stanley from $175.00 to $186.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Barclays increased their price target on Morgan Stanley from $156.00 to $183.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. The Goldman Sachs Group boosted their price objective on shares of Morgan Stanley from $145.00 to $164.00 and gave the company a “neutral” rating in a research note on Friday, October 3rd. Royal Bank Of Canada upped their price objective on shares of Morgan Stanley from $145.00 to $171.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 1st. Finally, Zacks Research upgraded shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Morgan Stanley currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.38.
Get Our Latest Report on Morgan Stanley
Morgan Stanley Trading Up 2.0%
The business has a 50 day simple moving average of $161.65 and a 200-day simple moving average of $148.59. The stock has a market capitalization of $274.00 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.39 and a beta of 1.22. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.79 and a quick ratio of 0.79.
Morgan Stanley (NYSE:MS – Get Free Report) last posted its earnings results on Wednesday, October 15th. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.73. The business had revenue of $17.98 billion during the quarter, compared to analysts’ expectations of $16.42 billion. Morgan Stanley had a return on equity of 16.40% and a net margin of 13.85%.Morgan Stanley’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.88 EPS. As a group, equities analysts expect that Morgan Stanley will post 8.56 earnings per share for the current year.
Morgan Stanley Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were issued a dividend of $1.00 per share. The ex-dividend date was Friday, October 31st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. Morgan Stanley’s dividend payout ratio (DPR) is presently 41.03%.
Insider Buying and Selling
In other Morgan Stanley news, CEO Edward Pick sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $164.34, for a total value of $16,434,000.00. Following the sale, the chief executive officer owned 574,986 shares in the company, valued at approximately $94,493,199.24. The trade was a 14.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.19% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in MS. Vanguard Group Inc. increased its position in shares of Morgan Stanley by 1.1% in the second quarter. Vanguard Group Inc. now owns 119,123,487 shares of the financial services provider’s stock valued at $16,779,734,000 after acquiring an additional 1,354,142 shares during the last quarter. Capital International Investors increased its position in shares of Morgan Stanley by 0.6% during the 3rd quarter. Capital International Investors now owns 27,321,214 shares of the financial services provider’s stock worth $4,343,523,000 after purchasing an additional 167,487 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Morgan Stanley by 1.9% during the 3rd quarter. Fisher Asset Management LLC now owns 24,494,146 shares of the financial services provider’s stock worth $3,893,590,000 after purchasing an additional 448,960 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Morgan Stanley by 21.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 17,056,916 shares of the financial services provider’s stock valued at $1,990,030,000 after buying an additional 2,989,122 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Morgan Stanley in the second quarter valued at $2,234,883,000. Institutional investors and hedge funds own 84.19% of the company’s stock.
About Morgan Stanley
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.
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