Traders sold shares of Morgan Stanley (NYSE:MS) on strength during trading on Friday. $91.33 million flowed into the stock on the tick-up and $122.28 million flowed out of the stock on the tick-down, for a money net flow of $30.95 million out of the stock. Of all equities tracked, Morgan Stanley had the 0th highest net out-flow for the day. Morgan Stanley traded up $0.39 for the day and closed at $46.42
A number of equities research analysts recently issued reports on the company. Vining Sparks reissued a “buy” rating and set a $60.00 price target on shares of Morgan Stanley in a research note on Tuesday, October 16th. Oppenheimer raised Morgan Stanley to an “outperform” rating and set a $62.00 price target for the company in a research note on Tuesday, October 16th. UBS Group raised Morgan Stanley from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 16th. HSBC lowered Morgan Stanley from a “buy” rating to a “hold” rating and set a $54.00 price target for the company. in a research note on Tuesday, October 2nd. Finally, Wolfe Research assumed coverage on Morgan Stanley in a research note on Tuesday, September 25th. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $58.53.
The company has a debt-to-equity ratio of 2.67, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $80.99 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 0.80 and a beta of 1.42.
Morgan Stanley (NYSE:MS) last issued its earnings results on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.16. The business had revenue of $9.87 billion during the quarter, compared to analyst estimates of $9.55 billion. Morgan Stanley had a return on equity of 12.53% and a net margin of 15.93%. Morgan Stanley’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS. Equities analysts predict that Morgan Stanley will post 4.94 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Tuesday, October 30th. Morgan Stanley’s dividend payout ratio (DPR) is presently 33.33%.
Morgan Stanley announced that its Board of Directors has authorized a share buyback 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 purchase up to 5.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
In other Morgan Stanley news, major shareholder Stanley Morgan sold 327 shares of Morgan Stanley stock in a transaction 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 can be accessed through the SEC website. Insiders own 0.19% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hennessy Advisors Inc. grew its stake in Morgan Stanley by 2.3% during the 2nd quarter. Hennessy Advisors Inc. now owns 45,000 shares of the financial services provider’s stock worth $2,133,000 after buying an additional 1,000 shares during the last quarter. Baxter Bros Inc. grew its stake in Morgan Stanley by 2.6% during the 2nd quarter. Baxter Bros Inc. now owns 44,210 shares of the financial services provider’s stock worth $2,096,000 after buying an additional 1,100 shares during the last quarter. Tiedemann Advisors LLC grew its stake in Morgan Stanley by 8.7% during the 2nd quarter. Tiedemann Advisors LLC now owns 14,198 shares of the financial services provider’s stock worth $674,000 after buying an additional 1,135 shares during the last quarter. Appleton Partners Inc. MA grew its stake in Morgan Stanley by 4.4% during the 3rd quarter. Appleton Partners Inc. MA now owns 29,085 shares of the financial services provider’s stock worth $1,354,000 after buying an additional 1,220 shares during the last quarter. Finally, Cornerstone Advisors Inc. grew its stake in Morgan Stanley by 33.4% during the 2nd quarter. Cornerstone Advisors Inc. now owns 4,894 shares of the financial services provider’s stock worth $232,000 after buying an additional 1,224 shares during the last quarter. 84.53% of the stock is owned by hedge funds and other 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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