Insider Selling: Morgan Stanley (NYSE:MS) Chairman Sells $9,021,000.00 in Stock

Morgan Stanley (NYSE:MSGet Free Report) Chairman James P. Gorman sold 100,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $90.21, for a total transaction of $9,021,000.00. Following the completion of the transaction, the chairman now owns 414,870 shares in the company, valued at approximately $37,425,422.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Morgan Stanley Stock Performance

Shares of MS stock opened at $90.66 on Monday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a fifty day moving average price of $88.92 and a 200 day moving average price of $85.01. The stock has a market cap of $147.47 billion, a PE ratio of 16.51, a P/E/G ratio of 1.72 and a beta of 1.43. Morgan Stanley has a 1 year low of $69.42 and a 1 year high of $95.57.

Morgan Stanley (NYSE:MSGet Free Report) last issued its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $2.02 EPS for the quarter, topping the consensus estimate of $1.69 by $0.33. The firm had revenue of $15.14 billion during the quarter, compared to analyst estimates of $14.42 billion. Morgan Stanley had a net margin of 9.57% and a return on equity of 10.87%. Morgan Stanley’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.70 earnings per share. Sell-side analysts forecast that Morgan Stanley will post 6.77 earnings per share for the current fiscal year.

Morgan Stanley Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Monday, April 29th. Morgan Stanley’s payout ratio is currently 61.93%.

Hedge Funds Weigh In On Morgan Stanley

Large investors have recently modified their holdings of the company. CGC Financial Services LLC increased its position in Morgan Stanley by 5,200.0% during the 4th quarter. CGC Financial Services LLC now owns 265 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 260 shares in the last quarter. University of Texas Texas AM Investment Managment Co. acquired a new stake in shares of Morgan Stanley in the fourth quarter worth $25,000. RVW Wealth LLC purchased a new position in shares of Morgan Stanley in the 3rd quarter valued at $27,000. Glass Jacobson Investment Advisors llc raised its stake in shares of Morgan Stanley by 77.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 328 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 143 shares during the period. Finally, Janiczek Wealth Management LLC lifted its holdings in shares of Morgan Stanley by 810.8% during the 3rd quarter. Janiczek Wealth Management LLC now owns 337 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 300 shares in the last quarter. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on MS. Keefe, Bruyette & Woods boosted their target price on shares of Morgan Stanley from $94.00 to $98.00 and gave the company a “market perform” rating in a research report on Wednesday, April 17th. BMO Capital Markets upped their target price on Morgan Stanley from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Thursday. Oppenheimer lifted their price target on Morgan Stanley from $97.00 to $101.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Evercore ISI upped their price objective on Morgan Stanley from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Morgan Stanley in a report on Thursday. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $98.07.

Check Out Our Latest Stock Analysis on Morgan Stanley

About Morgan Stanley

(Get Free Report)

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.

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Insider Buying and Selling by Quarter for Morgan Stanley (NYSE:MS)

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