Traders Buy Shares of Morgan Stanley (MS) on Weakness

Investors purchased shares of Morgan Stanley (NYSE:MS) on weakness during trading hours on Thursday. $89.03 million flowed into the stock on the tick-up and $57.38 million flowed out of the stock on the tick-down, for a money net flow of $31.65 million into the stock. Of all equities tracked, Morgan Stanley had the 30th highest net in-flow for the day. Morgan Stanley traded down ($0.18) for the day and closed at $46.43

MS has been the topic of several recent research reports. Oppenheimer raised shares of Morgan Stanley to an “outperform” rating and set a $62.00 target price on the stock in a report on Tuesday, October 16th. Sanford C. Bernstein raised shares of Morgan Stanley from an “underperform” rating to a “market perform” rating and set a $51.00 target price on the stock in a report on Wednesday, July 18th. UBS Group raised shares of Morgan Stanley from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 16th. HSBC cut shares of Morgan Stanley from a “buy” rating to a “hold” rating and set a $54.00 target price on the stock. in a report on Tuesday, October 2nd. Finally, Vining Sparks reaffirmed a “buy” rating and set a $60.00 target price on shares of Morgan Stanley in a report on Tuesday, October 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $58.82.

The company has a market cap of $80.18 billion, a PE ratio of 12.70, a P/E/G ratio of 0.80 and a beta of 1.28. The company has a current ratio of 0.80, a quick ratio of 0.83 and a debt-to-equity ratio of 2.67.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.16. The business had revenue of $9.87 billion for the quarter, compared to analysts’ expectations of $9.55 billion. Morgan Stanley had a net margin of 15.93% and a return on equity of 12.51%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. Equities analysts anticipate that Morgan Stanley will post 4.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be paid a $0.30 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.62%. Morgan Stanley’s dividend payout ratio (DPR) is 33.33%.

Morgan Stanley declared that its Board of Directors has initiated a share repurchase plan on Wednesday, July 18th that permits the company to repurchase $4.70 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

In related news, major shareholder Stanley Morgan sold 327 shares of Morgan Stanley 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 value of $7,521,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. CSat Investment Advisory L.P. acquired a new position in shares of Morgan Stanley during the second quarter worth $102,000. First Mercantile Trust Co. acquired a new position in shares of Morgan Stanley during the second quarter worth $112,000. Girard Partners LTD. acquired a new position in shares of Morgan Stanley during the third quarter worth $115,000. Landaas & Co. WI ADV acquired a new position in shares of Morgan Stanley during the second quarter worth $119,000. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of Morgan Stanley by 108.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,815 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 1,467 shares during the period. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

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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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