Morgan Stanley (NYSE:MS) Sets New 52-Week High at $50.64

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Morgan Stanley (NYSE:MS) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $50.64 and last traded at $50.47, with a volume of 2428897 shares changing hands. The stock had previously closed at $49.45.

MS has been the topic of a number of analyst reports. ValuEngine lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Tuesday. Pritchard Capital upgraded shares of Morgan Stanley to a “buy” rating and set a $48.00 price target for the company in a research note on Thursday, October 10th. UBS Group restated a “buy” rating and issued a $53.00 price target on shares of Morgan Stanley in a research note on Thursday, October 17th. TheStreet upgraded shares of Morgan Stanley from a “c+” rating to a “b-” rating in a research note on Wednesday, September 18th. Finally, Odeon Capital Group lowered shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $55.73.

The stock has a market cap of $80.28 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 1.08 and a beta of 1.38. The business’s fifty day simple moving average is $48.47 and its 200 day simple moving average is $44.11. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.78 and a quick ratio of 0.78.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. Morgan Stanley had a net margin of 15.99% and a return on equity of 10.86%. The firm had revenue of $10.03 billion during the quarter, compared to the consensus estimate of $9.63 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. As a group, equities analysts forecast that Morgan Stanley will post 4.74 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Wednesday, October 30th. Morgan Stanley’s dividend payout ratio (DPR) is 30.37%.

In related news, major shareholder Ufj Financial Group Mitsubishi sold 49,000 shares of the business’s stock in a transaction that occurred on Sunday, September 15th. The stock was sold at an average price of $1.01, for a total value of $49,490.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Keishi Hotsuki sold 26,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $49.08, for a total value of $1,276,080.00. Following the sale, the insider now directly owns 254,530 shares of the company’s stock, valued at approximately $12,492,332.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 151,105 shares of company stock valued at $5,063,359. Corporate insiders own 0.23% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Invesco Ltd. lifted its holdings in shares of Morgan Stanley by 3.4% during the second quarter. Invesco Ltd. now owns 21,671,991 shares of the financial services provider’s stock worth $949,451,000 after buying an additional 714,456 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Morgan Stanley by 1,929.5% in the second quarter. Nuveen Asset Management LLC now owns 16,566,955 shares of the financial services provider’s stock valued at $725,798,000 after purchasing an additional 15,750,661 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Morgan Stanley by 12.8% in the second quarter. Janus Henderson Group PLC now owns 8,323,739 shares of the financial services provider’s stock valued at $364,667,000 after purchasing an additional 944,786 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in shares of Morgan Stanley by 18.5% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 7,278,764 shares of the financial services provider’s stock valued at $1,032,162,000 after purchasing an additional 1,134,651 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Morgan Stanley by 1.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 6,156,854 shares of the financial services provider’s stock valued at $269,732,000 after purchasing an additional 113,460 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

About Morgan Stanley (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 through Institutional Securities, Wealth Management, and Investment Management segments.

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