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

Investors sold shares of Morgan Stanley (NYSE:MS) on strength during trading hours on Monday. $51.88 million flowed into the stock on the tick-up and $104.83 million flowed out of the stock on the tick-down, for a money net flow of $52.95 million out of the stock. Of all stocks tracked, Morgan Stanley had the 31st highest net out-flow for the day. Morgan Stanley traded up $1.20 for the day and closed at $44.28

Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Monday. JPMorgan Chase & Co. reissued a “buy” rating and issued a $62.00 price target on shares of Morgan Stanley in a report on Monday, September 10th. ValuEngine cut shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Wolfe Research assumed coverage on shares of Morgan Stanley in a report on Tuesday, September 25th. They issued an “outperform” rating on the stock. Finally, Wells Fargo & Co raised shares of Morgan Stanley from a “market perform” rating to an “outperform” rating and increased their price target for the company from $56.00 to $60.00 in a report on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. Morgan Stanley currently has an average rating of “Buy” and a consensus target price of $58.41.

The stock has a market capitalization of $74.10 billion, a PE ratio of 12.30, a P/E/G ratio of 0.74 and a beta of 1.28. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.67.

Morgan Stanley (NYSE:MS) last announced its earnings results on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.16. Morgan Stanley had a net margin of 15.93% and a return on equity of 12.51%. The firm had revenue of $9.87 billion for the quarter, compared to analyst estimates of $9.55 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts forecast that Morgan Stanley will post 4.94 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, October 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.71%. Morgan Stanley’s payout ratio is presently 33.33%.

In other Morgan Stanley news, major shareholder Stanley Morgan sold 327 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were 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 SEC, which is available at this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CSat Investment Advisory L.P. acquired a new stake in shares of Morgan Stanley during the 2nd quarter worth approximately $102,000. First Mercantile Trust Co. acquired a new stake in shares of Morgan Stanley during the 2nd quarter worth approximately $112,000. Girard Partners LTD. acquired a new stake in shares of Morgan Stanley during the 3rd quarter worth approximately $115,000. Landaas & Co. WI ADV acquired a new stake in shares of Morgan Stanley during the 2nd quarter worth approximately $119,000. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of Morgan Stanley by 108.8% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,815 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 1,467 shares in the last quarter. Institutional investors and hedge funds own 84.87% of the company’s stock.

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Morgan Stanley Company Profile (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 Institutional Securities, Wealth Management, and Investment Management segments.

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