Investors Sell Shares of Morgan Stanley (MS) on Strength (MS)

Traders sold shares of Morgan Stanley (NYSE:MS) on strength during trading hours on Thursday. $57.90 million flowed into the stock on the tick-up and $115.79 million flowed out of the stock on the tick-down, for a money net flow of $57.89 million out of the stock. Of all companies tracked, Morgan Stanley had the 22nd highest net out-flow for the day. Morgan Stanley traded up $0.07 for the day and closed at $47.77

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Morgan Stanley in a research note on Tuesday, June 12th. Zacks Investment Research lowered Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Goldman Sachs Group set a $59.00 price objective on Morgan Stanley and gave the stock a “neutral” rating in a research note on Friday, July 20th. Citigroup dropped their price objective on Morgan Stanley from $58.00 to $56.00 and set a “neutral” rating for the company in a research note on Friday, July 20th. Finally, Societe Generale reaffirmed a “$49.85” rating and issued a $56.00 price objective on shares of Morgan Stanley in a research note on Thursday, July 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Morgan Stanley presently has a consensus rating of “Hold” and an average price target of $59.53.

The company has a market cap of $84.24 billion, a P/E ratio of 13.24, a P/E/G ratio of 0.86 and a beta of 1.42. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 2.67.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.19. Morgan Stanley had a return on equity of 12.04% and a net margin of 15.84%. The company had revenue of $10.61 billion during the quarter, compared to analyst estimates of $10.05 billion. During the same period in the prior year, the company earned $0.87 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. equities analysts anticipate that Morgan Stanley will post 4.8 EPS for the current fiscal year.

Morgan Stanley declared that its Board of Directors has approved a share repurchase plan on Thursday, June 28th that permits the company to buyback $4.70 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 5.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

In related news, major shareholder Stanley Morgan sold 327 shares of the stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $23,000.00, for a total transaction of $7,521,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. HM Payson & Co. lifted its stake in shares of Morgan Stanley by 14.5% in the 1st quarter. HM Payson & Co. now owns 7,479 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 947 shares during the last quarter. Hennessy Advisors Inc. lifted its stake in shares of Morgan Stanley by 2.3% in the 2nd quarter. Hennessy Advisors Inc. now owns 45,000 shares of the financial services provider’s stock valued at $2,133,000 after purchasing an additional 1,000 shares during the last quarter. Baxter Bros Inc. lifted its stake in shares of Morgan Stanley by 2.6% in the 2nd quarter. Baxter Bros Inc. now owns 44,210 shares of the financial services provider’s stock valued at $2,096,000 after purchasing an additional 1,100 shares during the last quarter. Tiedemann Advisors LLC lifted its stake in shares of Morgan Stanley by 8.7% in the 2nd quarter. Tiedemann Advisors LLC now owns 14,198 shares of the financial services provider’s stock valued at $674,000 after purchasing an additional 1,135 shares during the last quarter. Finally, Cornerstone Advisors Inc. lifted its stake in shares of Morgan Stanley by 33.4% in the 2nd quarter. Cornerstone Advisors Inc. now owns 4,894 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 1,224 shares during the last quarter. 84.40% of the stock is owned by institutional investors.

About Morgan Stanley (NYSE:MS)

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. The company operates through three segments: Institutional Securities, Wealth Management, and Investment Management.

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