Traders Buy Shares of Morgan Stanley (MS) on Weakness

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Investors purchased shares of Morgan Stanley (NYSE:MS) on weakness during trading hours on Thursday. $89.03 million flowed into the stock on the tick-up and $57.38 million flowed out of the stock on the tick-down, for a money net flow of $31.65 million into the stock. Of all equities tracked, Morgan Stanley had the 30th highest net in-flow for the day. Morgan Stanley traded down ($0.18) for the day and closed at $46.43

A number of brokerages have issued reports on MS. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Morgan Stanley in a research report on Monday, September 10th. UBS Group raised shares of Morgan Stanley from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 16th. Wolfe Research began coverage on shares of Morgan Stanley in a research report on Tuesday, September 25th. They issued an “outperform” rating for the company. Zacks Investment Research downgraded shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Friday, September 21st. Finally, HSBC downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating and set a $54.00 price objective for the company. in a research report on Tuesday, October 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. Morgan Stanley currently has an average rating of “Hold” and an average target price of $58.82.

The company has a current ratio of 0.80, a quick ratio of 0.83 and a debt-to-equity ratio of 2.67. The company has a market cap of $80.18 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.80 and a beta of 1.28.

Morgan Stanley (NYSE:MS) last released its earnings results on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.16. The firm had revenue of $9.87 billion for the quarter, compared to analysts’ expectations of $9.55 billion. Morgan Stanley had a net margin of 15.93% and a return on equity of 12.51%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 earnings per share. As a group, analysts expect that Morgan Stanley will post 4.94 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, October 30th. Morgan Stanley’s payout ratio is 33.33%.

Morgan Stanley declared that its board has authorized a share buyback plan on Wednesday, July 18th that authorizes the company to repurchase $4.70 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

In other Morgan Stanley news, major shareholder Stanley Morgan sold 327 shares of the business’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $23,000.00, for a total value of $7,521,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CSat Investment Advisory L.P. purchased a new stake in shares of Morgan Stanley during the 2nd quarter valued at approximately $102,000. First Mercantile Trust Co. purchased a new stake in shares of Morgan Stanley during the 2nd quarter valued at approximately $112,000. Girard Partners LTD. purchased a new stake in shares of Morgan Stanley during the 3rd quarter valued at approximately $115,000. Landaas & Co. WI ADV purchased a new stake in shares of Morgan Stanley during the 2nd quarter valued at approximately $119,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in shares of Morgan Stanley by 108.8% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,815 shares of the financial services provider’s stock valued at $131,000 after buying an additional 1,467 shares in the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

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Morgan Stanley Company Profile (NYSE:MS)

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. The company operates Institutional Securities, Wealth Management, and Investment Management segments.

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