Insider Selling: Morgan Stanley Insider Sells 54,500 Shares of Stock (MS)
Morgan Stanley (NYSE:MS) Insider Eric F. Grossman sold 54,500 shares of Morgan Stanley stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $34.29, for a total value of $1,868,805.00. Following the sale, the insider now directly owns 107,121 shares in the company, valued at approximately $3,673,179. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Morgan Stanley (NYSE:MS) traded up 0.58% during mid-day trading on Tuesday, hitting $34.40. 8,462,064 shares of the company’s stock traded hands. Morgan Stanley has a 52-week low of $25.25 and a 52-week high of $34.57. The stock’s 50-day moving average is $32.44 and its 200-day moving average is $31.30. The company has a market cap of $67.539 billion and a P/E ratio of 16.09. Morgan Stanley also saw unusually large options trading on Monday. Investors purchased 18,643 call options on the company. This is an increase of 248% compared to the average daily volume of 5,358 call options.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.33. The company had revenue of $8.50 million for the quarter, compared to the consensus estimate of $8.41 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts expect that Morgan Stanley will post $2.41 EPS for the current fiscal year.
MS has been the subject of a number of recent research reports. Analysts at Argus raised their price target on shares of Morgan Stanley from $35.00 to $42.00 in a research note on Tuesday, July 22nd. They now have a “buy” rating on the stock. Separately, analysts at Nomura raised their price target on shares of Morgan Stanley from $36.00 to $37.00 in a research note on Monday, July 21st. They now have a “buy” rating on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Morgan Stanley in a research note on Friday, July 18th. They now have a $37.00 price target on the stock, up previously from $36.00. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. Morgan Stanley currently has a consensus rating of “Hold” and a consensus target price of $34.65.
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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