Insider Selling: Paul C. Wirth Sells 10,000 Shares of Morgan Stanley Stock (MS)
Morgan Stanley (NYSE:MS) CFO Paul C. Wirth sold 10,000 shares of the stock on the open market in a transaction dated Monday, August 25th. The shares were sold at an average price of $34.44, for a total transaction of $344,400.00. Following the completion of the transaction, the chief financial officer now directly owns 184,402 shares in the company, valued at approximately $6,350,805. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 issued a hold rating and ten have assigned a buy rating to the company’s stock. Morgan Stanley presently has a consensus rating of “Hold” and a consensus target price of $34.65.
Morgan Stanley (NYSE:MS) traded up 0.58% during mid-day trading on Tuesday, hitting $34.40. The stock had a trading volume of 8,462,064 shares. Morgan Stanley has a 1-year low of $25.25 and a 1-year high of $34.57. The stock has a 50-day moving average of $32.44 and a 200-day moving average of $31.30. The company has a market cap of $67.539 billion and a price-to-earnings ratio of 16.09. Morgan Stanley also was the recipient of unusually large options trading on Monday. Investors bought 18,643 call options on the company. This represents an increase of approximately 248% compared to the average volume of 5,358 call options.
Morgan Stanley (NYSE:MS) last released its 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.
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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