Morgan Stanley (MS) Insider Jeffrey S. Brodsky Sells 16,397 Shares
Morgan Stanley (NYSE:MS) insider Jeffrey S. Brodsky sold 16,397 shares of the company’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $50.07, for a total value of $820,997.79. Following the completion of the sale, the insider now directly owns 111,776 shares of the company’s stock, valued at approximately $5,596,624.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Morgan Stanley (NYSE:MS) traded up 1.79% during trading on Friday, reaching $50.68. The company’s stock had a trading volume of 8,454,470 shares. The company’s 50-day moving average is $47.67 and its 200-day moving average is $45.20. The company has a market capitalization of $91.83 billion, a P/E ratio of 14.07 and a beta of 1.61. Morgan Stanley has a 12 month low of $32.54 and a 12 month high of $50.91.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.12. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.11%. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.05 billion. During the same quarter in the previous year, the company posted $0.80 EPS. Morgan Stanley’s revenue was up 3.2% on a year-over-year basis. On average, analysts forecast that Morgan Stanley will post $3.57 EPS for the current fiscal year.
Morgan Stanley declared that its board has authorized a stock repurchase program on Wednesday, June 28th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 6.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Monday, October 30th. Morgan Stanley’s dividend payout ratio (DPR) is presently 27.70%.
Several equities research analysts have recently weighed in on the company. BMO Capital Markets reaffirmed a “top pick” rating and issued a $69.00 target price on shares of Morgan Stanley in a research report on Wednesday. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Morgan Stanley in a research report on Tuesday. Buckingham Research upped their target price on Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays PLC upped their target price on Morgan Stanley from $48.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, HSBC Holdings plc set a $54.00 price target on Morgan Stanley and gave the company a “hold” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $50.39.
Hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its position in shares of Morgan Stanley by 9.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 190 shares during the last quarter. Invictus RG bought a new stake in shares of Morgan Stanley during the 1st quarter valued at $106,000. V Wealth Management LLC bought a new stake in shares of Morgan Stanley during the 2nd quarter valued at $106,000. Omnia Family Wealth LLC raised its position in shares of Morgan Stanley by 5.8% during the 2nd quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 134 shares during the last quarter. Finally, WFG Advisors LP raised its position in shares of Morgan Stanley by 45.4% during the 2nd quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 840 shares during the last quarter. Hedge funds and other institutional investors own 85.17% of the company’s stock.
Morgan Stanley Company Profile
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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