Morgan Stanley Insider Sells $256,360 in Stock (MS)
Morgan Stanley (NYSE:MS) Insider Thomas Colm Kelleher unloaded 8,500 shares of the stock on the open market in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $30.16, for a total value of $256,360.00. Following the completion of the transaction, the insider now directly owns 403,250 shares in the company, valued at approximately $12,162,020. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on MS shares. Analysts at TheStreet reiterated a “buy” rating on shares of Morgan Stanley in a research note to investors on Tuesday, January 21st. Separately, analysts at FBR Capital Markets raised their price target on shares of Morgan Stanley from $35.00 to $38.00 in a research note to investors on Tuesday, January 21st. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Morgan Stanley in a research note to investors on Monday, January 20th. They now have a $35.00 price target on the stock. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $31.63.
Morgan Stanley (NYSE:MS) traded down 0.47% on Wednesday, hitting $29.94. 18,926,516 shares of the company’s stock traded hands. Morgan Stanley has a 52-week low of $20.16 and a 52-week high of $33.52. The stock’s 50-day moving average is $31. and its 200-day moving average is $28.92. The company has a market cap of $58.229 billion and a price-to-earnings ratio of 21.36.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Friday, January 17th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.47 by $0.27. The company had revenue of $7.80 million for the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis. On average, analysts predict that Morgan Stanley will post $2.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of 0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Wednesday, January 29th.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals.
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