Traders Buy Morgan Stanley (MS) on Weakness

Investors bought shares of Morgan Stanley (NYSE:MS) on weakness during trading on Monday. $157.25 million flowed into the stock on the tick-up and $68.58 million flowed out of the stock on the tick-down, for a money net flow of $88.67 million into the stock. Of all equities tracked, Morgan Stanley had the 6th highest net in-flow for the day. Morgan Stanley traded down ($0.61) for the day and closed at $46.08

Several brokerages recently commented on MS. Zacks Investment Research lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Societe Generale downgraded Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. Credit Suisse Group reissued a “buy” rating and set a $56.00 price objective on shares of Morgan Stanley in a research report on Wednesday, February 20th. Citigroup raised Morgan Stanley from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $50.00 to $48.00 in a research report on Wednesday, January 9th. Finally, ValuEngine raised Morgan Stanley from a “strong sell” rating to a “sell” rating in a research report on Friday, March 15th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. Morgan Stanley presently has a consensus rating of “Hold” and an average price target of $55.81.

The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.60. The firm has a market cap of $77.71 billion, a PE ratio of 10.41, a P/E/G ratio of 1.13 and a beta of 1.19.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.16. Morgan Stanley had a return on equity of 12.02% and a net margin of 17.43%. The company had revenue of $10.29 billion during the quarter, compared to analysts’ expectations of $9.96 billion. During the same quarter in the previous year, the business earned $1.45 earnings per share. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. As a group, research analysts predict that Morgan Stanley will post 4.71 EPS for the current fiscal year.

In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 15,565 shares of the business’s stock in a transaction that occurred on Friday, January 18th. The stock was sold at an average price of $43.38, for a total value of $675,209.70. Following the completion of the sale, the insider now owns 112,420 shares in the company, valued at $4,876,779.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Paul C. Wirth sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $42.40, for a total value of $1,060,000.00. Following the completion of the sale, the chief financial officer now owns 169,031 shares of the company’s stock, valued at approximately $7,166,914.40. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Morgan Stanley in the 4th quarter worth about $676,319,000. Oregon Public Employees Retirement Fund raised its holdings in shares of Morgan Stanley by 4,072.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,548,246 shares of the financial services provider’s stock valued at $342,000 after buying an additional 13,223,517 shares during the period. ValueAct Holdings L.P. raised its holdings in shares of Morgan Stanley by 26.0% during the 4th quarter. ValueAct Holdings L.P. now owns 26,228,561 shares of the financial services provider’s stock valued at $1,039,962,000 after buying an additional 5,418,091 shares during the period. Prudential Financial Inc. raised its holdings in shares of Morgan Stanley by 136.8% during the 4th quarter. Prudential Financial Inc. now owns 5,453,354 shares of the financial services provider’s stock valued at $216,226,000 after buying an additional 3,150,224 shares during the period. Finally, Pzena Investment Management LLC grew its stake in Morgan Stanley by 14.4% during the 4th quarter. Pzena Investment Management LLC now owns 9,262,583 shares of the financial services provider’s stock valued at $367,261,000 after purchasing an additional 1,163,498 shares in the last quarter. Institutional investors and hedge funds own 86.10% of the company’s stock.

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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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