Morgan Stanley (MS) Chairman James P. Gorman Sells 212,365 Shares

Morgan Stanley (NYSE:MS) Chairman James P. Gorman sold 212,365 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $42.93, for a total transaction of $9,116,829.45. Following the completion of the sale, the chairman now owns 1,389,378 shares of the company’s stock, valued at approximately $59,645,997.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Morgan Stanley (NYSE MS) traded down 0.47% during mid-day trading on Friday, hitting $44.48. 9,483,171 shares of the stock traded hands. Morgan Stanley has a 12 month low of $23.11 and a 12 month high of $47.33. The company’s 50 day moving average is $43.12 and its 200 day moving average is $43.49. The company has a market cap of $82.28 billion, a P/E ratio of 13.19 and a beta of 1.65.

Morgan Stanley (NYSE:MS) last issued its earnings results on Wednesday, April 19th. The financial services provider reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.10. Morgan Stanley had a net margin of 16.83% and a return on equity of 9.60%. The firm had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.29 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. Morgan Stanley’s revenue for the quarter was up 25.1% on a year-over-year basis. On average, analysts expect that Morgan Stanley will post $3.46 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Morgan Stanley (NYSE:MS)

ILLEGAL ACTIVITY WARNING: This piece was first published by Markets Daily and is the property of of Markets Daily. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.themarketsdaily.com/2017/06/16/morgan-stanley-ms-chairman-sells-9116829-45-in-stock-updated-updated-updated.html.

Institutional investors have recently modified their holdings of the company. State Street Corp raised its position in shares of Morgan Stanley by 4.2% in the fourth quarter. State Street Corp now owns 162,752,027 shares of the financial services provider’s stock worth $6,876,272,000 after buying an additional 6,517,260 shares in the last quarter. BlackRock Inc. raised its position in shares of Morgan Stanley by 2,798.9% in the first quarter. BlackRock Inc. now owns 101,168,197 shares of the financial services provider’s stock worth $4,334,046,000 after buying an additional 97,678,337 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Morgan Stanley by 4.9% in the first quarter. Vanguard Group Inc. now owns 92,226,969 shares of the financial services provider’s stock worth $3,951,003,000 after buying an additional 4,331,723 shares in the last quarter. FMR LLC raised its position in shares of Morgan Stanley by 16.9% in the first quarter. FMR LLC now owns 46,221,986 shares of the financial services provider’s stock worth $1,980,150,000 after buying an additional 6,692,676 shares in the last quarter. Finally, ValueAct Holdings L.P. raised its position in shares of Morgan Stanley by 10.3% in the third quarter. ValueAct Holdings L.P. now owns 41,900,000 shares of the financial services provider’s stock worth $1,343,314,000 after buying an additional 3,900,000 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

MS has been the subject of several research analyst reports. Vetr upgraded shares of Morgan Stanley from a “sell” rating to a “hold” rating and set a $41.36 price target for the company in a research note on Tuesday, April 4th. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Tuesday. J P Morgan Chase & Co restated a “buy” rating on shares of Morgan Stanley in a research note on Thursday, March 30th. Macquarie restated an “outperform” rating on shares of Morgan Stanley in a research note on Thursday, February 16th. Finally, Royal Bank of Canada restated a “buy” rating and set a $50.00 price target on shares of Morgan Stanley in a research note on Tuesday, June 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Morgan Stanley currently has a consensus rating of “Buy” and a consensus target price of $42.30.

About Morgan Stanley

Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.

Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply