Morgan Stanley (MS) Shares Gap Up to $51.95

Morgan Stanley (NYSE:MS)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $50.79, but opened at $51.95. Morgan Stanley shares last traded at $52.68, with a volume of 10640100 shares trading hands.

Several equities analysts recently weighed in on MS shares. Credit Suisse Group raised shares of Morgan Stanley from a “neutral” rating to an “outperform” rating and raised their price target for the company from $49.00 to $54.00 in a research report on Monday, October 9th. ValuEngine cut shares of Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Friday, October 20th. Wells Fargo & Company started coverage on shares of Morgan Stanley in a research report on Wednesday, August 9th. They issued a “market perform” rating and a $48.00 price target on the stock. Finally, Buckingham Research raised their price target on shares of Morgan Stanley from $54.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Morgan Stanley has a consensus rating of “Buy” and an average target price of $50.39.

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 company has a market cap of $93,920.36, a PE ratio of 14.39, a P/E/G ratio of 1.20 and a beta of 1.64.

Morgan Stanley (NYSE:MS) last posted its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.12. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.05 billion. During the same quarter last year, the firm earned $0.80 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. sell-side analysts expect that Morgan Stanley will post 3.57 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were issued a $0.25 dividend. The ex-dividend date was Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.92%. Morgan Stanley’s dividend payout ratio (DPR) is presently 27.70%.

In related news, President Thomas Colm Kelleher sold 40,000 shares of Morgan Stanley stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $50.59, for a total value of $2,023,600.00. Following the sale, the president now owns 692,037 shares of the company’s stock, valued at approximately $35,010,151.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Keishi Hotsuki sold 25,000 shares of Morgan Stanley stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. The disclosure for this sale can be found here. Insiders sold a total of 85,247 shares of company stock worth $4,284,364 in the last ninety days. 0.24% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its holdings in shares of Morgan Stanley by 9.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 190 shares during the period. Omnia Family Wealth LLC raised its holdings in shares of Morgan Stanley by 5.8% in the 2nd quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 134 shares during the period. Invictus RG raised its holdings in shares of Morgan Stanley by 307.5% in the 3rd quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,762 shares during the period. Rational Advisors LLC bought a new stake in shares of Morgan Stanley in the 3rd quarter worth approximately $116,000. Finally, Zions Bancorporation grew its stake in Morgan Stanley by 176.1% in the 3rd quarter. Zions Bancorporation now owns 2,463 shares of the financial services provider’s stock valued at $119,000 after buying an additional 1,571 shares in the last quarter. 85.60% 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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