Morgan Stanley (MS) Short Interest Update

Morgan Stanley (NYSE:MS) was the target of a large decline in short interest in May. As of May 31st, there was short interest totalling 10,105,293 shares, a decline of 32.5% from the May 15th total of 14,965,800 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 9,476,992 shares, the days-to-cover ratio is currently 1.1 days.

Shares of Morgan Stanley opened at $50.77 on Tuesday, according to Marketbeat. Morgan Stanley has a 52 week low of $43.48 and a 52 week high of $59.38. The company has a market cap of $90.57 billion, a P/E ratio of 14.10, a P/E/G ratio of 0.85 and a beta of 1.50. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.75.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Wednesday, April 18th. The financial services provider reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.17. Morgan Stanley had a net margin of 15.09% and a return on equity of 11.10%. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same period in the previous year, the firm posted $1.00 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. equities research analysts predict that Morgan Stanley will post 4.72 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. grew its position in Morgan Stanley by 361.8% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 4,418,918 shares of the financial services provider’s stock worth $231,860,000 after acquiring an additional 3,462,069 shares in the last quarter. Boston Partners grew its position in Morgan Stanley by 476.1% in the first quarter. Boston Partners now owns 2,120,958 shares of the financial services provider’s stock worth $114,447,000 after acquiring an additional 1,752,824 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in Morgan Stanley in the first quarter worth approximately $80,530,000. Toronto Dominion Bank grew its position in Morgan Stanley by 211.9% in the first quarter. Toronto Dominion Bank now owns 2,087,633 shares of the financial services provider’s stock worth $112,621,000 after acquiring an additional 1,418,331 shares in the last quarter. Finally, FIL Ltd grew its position in Morgan Stanley by 29.2% in the first quarter. FIL Ltd now owns 3,867,129 shares of the financial services provider’s stock worth $208,671,000 after acquiring an additional 875,087 shares in the last quarter. 85.21% of the stock is currently owned by hedge funds and other institutional investors.

MS has been the topic of a number of research reports. Sanford C. Bernstein initiated coverage on shares of Morgan Stanley in a report on Monday, April 9th. They issued an “underperform” rating and a $51.00 target price on the stock. Vining Sparks reiterated a “buy” rating and issued a $67.00 target price on shares of Morgan Stanley in a report on Wednesday, April 18th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $62.00 target price on shares of Morgan Stanley in a research report on Thursday, April 5th. Credit Suisse Group lifted their target price on shares of Morgan Stanley from $61.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, April 19th. Finally, Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Tuesday, April 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $56.47.

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

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