Daniel A. Simkowitz Sells 44,910 Shares of Morgan Stanley (NYSE:MS) Stock


Morgan Stanley (NYSE:MSGet Rating) insider Daniel A. Simkowitz sold 44,910 shares of the company’s stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $97.05, for a total transaction of $4,358,515.50. Following the sale, the insider now owns 348,531 shares of the company’s stock, valued at approximately $33,824,933.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Morgan Stanley Price Performance

Shares of NYSE MS opened at $96.24 on Friday. Morgan Stanley has a twelve month low of $72.05 and a twelve month high of $109.73. The firm has a fifty day simple moving average of $89.19 and a 200 day simple moving average of $85.51. The company has a market capitalization of $162.66 billion, a PE ratio of 13.97, a P/E/G ratio of 1.59 and a beta of 1.34. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.36.

Morgan Stanley (NYSE:MSGet Rating) last announced its earnings results on Tuesday, January 17th. The financial services provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.06. Morgan Stanley had a net margin of 20.43% and a return on equity of 13.43%. The business had revenue of $12.75 billion during the quarter, compared to the consensus estimate of $12.16 billion. On average, sell-side analysts forecast that Morgan Stanley will post 6.3 EPS for the current year.

Morgan Stanley Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Tuesday, January 31st will be issued a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Monday, January 30th. Morgan Stanley’s dividend payout ratio is currently 44.99%.

Wall Street Analysts Forecast Growth

MS has been the subject of several recent research reports. BMO Capital Markets upped their target price on shares of Morgan Stanley from $98.00 to $109.00 and gave the company an “outperform” rating in a research report on Wednesday. Oppenheimer upped their target price on shares of Morgan Stanley from $97.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday. UBS Group upped their target price on shares of Morgan Stanley from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 9th. Royal Bank of Canada upped their target price on shares of Morgan Stanley from $80.00 to $90.00 in a research note on Wednesday. Finally, Odeon Capital Group raised shares of Morgan Stanley from a “sell” rating to a “hold” rating and set a $88.75 target price for the company in a research note on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $96.99.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MS. Fidelis Capital Partners LLC bought a new stake in Morgan Stanley in the fourth quarter worth about $254,000. Veriti Management LLC raised its position in shares of Morgan Stanley by 11.8% in the fourth quarter. Veriti Management LLC now owns 20,529 shares of the financial services provider’s stock valued at $1,745,000 after purchasing an additional 2,170 shares during the period. Vestmark Advisory Solutions Inc. increased its holdings in Morgan Stanley by 0.7% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 45,270 shares of the financial services provider’s stock worth $3,849,000 after acquiring an additional 298 shares during the period. Griffin Asset Management Inc. increased its holdings in Morgan Stanley by 4.3% during the 4th quarter. Griffin Asset Management Inc. now owns 24,093 shares of the financial services provider’s stock worth $2,048,000 after acquiring an additional 984 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in Morgan Stanley by 13.5% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 890 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 106 shares during the period. 83.48% of the stock is currently owned by institutional investors and hedge funds.

About Morgan Stanley

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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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