Morgan Stanley (NYSE:MS) Short Interest Update

Morgan Stanley (NYSE:MS) saw a large increase in short interest during the month of November. As of November 29th, there was short interest totalling 16,690,000 shares, an increase of 12.4% from the November 14th total of 14,850,000 shares. Based on an average daily volume of 9,430,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.4% of the company’s shares are short sold.

A number of equities analysts have recently commented on the stock. Pritchard Capital upgraded shares of Morgan Stanley to a “buy” rating and set a $48.00 price objective for the company in a research report on Thursday, October 10th. UBS Group restated a “buy” rating and issued a $53.00 price objective on shares of Morgan Stanley in a research report on Thursday, October 17th. TheStreet upgraded shares of Morgan Stanley from a “c+” rating to a “b-” rating in a research report on Wednesday, September 18th. BNP Paribas assumed coverage on shares of Morgan Stanley in a research report on Tuesday, December 3rd. They issued a “buy” rating and a $59.00 price objective for the company. Finally, ValuEngine lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $55.73.

In related news, CFO Paul C. Wirth sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $49.08, for a total transaction of $1,227,000.00. Following the completion of the sale, the chief financial officer now owns 146,816 shares in the company, valued at $7,205,729.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Ufj Financial Group Mitsubishi bought 70,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were acquired at an average price of $1.01 per share, with a total value of $70,700.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 102,105 shares of company stock worth $5,013,869. Insiders own 0.23% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Massey Quick Simon & CO. LLC boosted its holdings in Morgan Stanley by 276.4% in the second quarter. Massey Quick Simon & CO. LLC now owns 606 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 445 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new stake in Morgan Stanley in the third quarter valued at $28,000. Astor Investment Management LLC bought a new stake in Morgan Stanley in the third quarter valued at $31,000. Stonebridge Capital Advisors LLC bought a new stake in Morgan Stanley in the second quarter valued at $35,000. Finally, Endurance Wealth Management Inc. boosted its holdings in shares of Morgan Stanley by 189.0% during the 3rd quarter. Endurance Wealth Management Inc. now owns 867 shares of the financial services provider’s stock valued at $37,000 after buying an additional 567 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Shares of NYSE MS traded down $0.45 during mid-day trading on Friday, hitting $50.24. The stock had a trading volume of 9,629,309 shares, compared to its average volume of 7,766,402. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.78 and a current ratio of 0.78. Morgan Stanley has a 1 year low of $36.74 and a 1 year high of $51.15. The business has a 50 day moving average price of $48.66 and a two-hundred day moving average price of $44.18. The firm has a market cap of $82.05 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 1.10 and a beta of 1.38.

Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.17. The business had revenue of $10.03 billion for the quarter, compared to analysts’ expectations of $9.63 billion. Morgan Stanley had a net margin of 15.99% and a return on equity of 10.86%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 earnings per share. Equities research analysts predict that Morgan Stanley will post 4.74 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Wednesday, October 30th. Morgan Stanley’s dividend payout ratio (DPR) is currently 30.37%.

Morgan Stanley Company Profile

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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