Traders Sell Shares of Morgan Stanley (MS) on Strength (MS)

Traders sold shares of Morgan Stanley (NYSE:MS) on strength during trading hours on Friday. $46.51 million flowed into the stock on the tick-up and $89.79 million flowed out of the stock on the tick-down, for a money net flow of $43.28 million out of the stock. Of all companies tracked, Morgan Stanley had the 0th highest net out-flow for the day. Morgan Stanley traded up $0.47 for the day and closed at $48.19

Several research analysts have issued reports on MS shares. Societe Generale reaffirmed a “$49.85” rating and issued a $56.00 price target on shares of Morgan Stanley in a report on Thursday, July 19th. Cfra reaffirmed a “buy” rating and issued a $65.00 price target on shares of Morgan Stanley in a report on Thursday, June 21st. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $60.00 price target on shares of Morgan Stanley in a report on Tuesday, June 12th. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Tuesday, July 24th. Finally, Sandler O’Neill reaffirmed a “hold” rating and issued a $51.00 price target on shares of Morgan Stanley in a report on Friday, July 13th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Morgan Stanley has a consensus rating of “Hold” and a consensus price target of $57.37.

The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 2.67. The company has a market cap of $82.84 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 0.84 and a beta of 1.42.

Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, July 18th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.19. Morgan Stanley had a net margin of 15.84% and a return on equity of 12.04%. The company had revenue of $10.61 billion for the quarter, compared to the consensus estimate of $10.05 billion. During the same period in the previous year, the business earned $0.87 EPS. The company’s revenue was up 11.6% on a year-over-year basis. equities research analysts anticipate that Morgan Stanley will post 4.85 EPS for the current year.

Morgan Stanley declared that its board has approved a stock repurchase plan on Thursday, June 28th that authorizes the company to buyback $4.70 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 5.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Institutional investors have recently bought and sold shares of the company. HM Payson & Co. boosted its holdings in Morgan Stanley by 14.5% in the first quarter. HM Payson & Co. now owns 7,479 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 947 shares in the last quarter. Hennessy Advisors Inc. boosted its holdings in Morgan Stanley by 2.3% in the second quarter. Hennessy Advisors Inc. now owns 45,000 shares of the financial services provider’s stock worth $2,133,000 after purchasing an additional 1,000 shares in the last quarter. Baxter Bros Inc. boosted its holdings in Morgan Stanley by 2.6% in the second quarter. Baxter Bros Inc. now owns 44,210 shares of the financial services provider’s stock worth $2,096,000 after purchasing an additional 1,100 shares in the last quarter. Tiedemann Advisors LLC boosted its holdings in Morgan Stanley by 8.7% in the second quarter. Tiedemann Advisors LLC now owns 14,198 shares of the financial services provider’s stock worth $674,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Cornerstone Advisors Inc. boosted its holdings in Morgan Stanley by 33.4% in the second quarter. Cornerstone Advisors Inc. now owns 4,894 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 1,224 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

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 three segments: Institutional Securities, Wealth Management, and Investment Management.

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