Stocks of Morgan Stanley (NYSE:MS) traded higher last session on Wall Street, down -1.05% to $84.89.
According to the data, Morgan Stanley (NYSE:MS) has 27 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $112.00 and a low of $80.00, we find $100.75. Given the previous closing price of $85.79, this indicates a potential upside of 17.44 percent. MS stock price is now -3.33% away from the 50-day moving average and -4.60% away from the 200-day moving average. The market capitalization of the company currently stands at $142.15B.
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A total of 10 analysts have issued a hold rating and 14 have given it a buy rating. Brokers who have rated the stock have averaged $97.90 as their price target over the next twelve months.
With the price target maintained at $94, Odeon recently Upgraded its rating from Hold to Buy for Morgan Stanley (NYSE: MS).
In other news, GORMAN JAMES P, Chairman and CEO sold 125,000 shares of the company’s stock on Jul 24. The stock was sold for $11,898,812 at an average price of $95.19. Upon completion of the transaction, the Chairman and CEO now directly owns 1,011,345 shares in the company, valued at $85.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 24, Co-President/Head of IS PICK EDWARD N sold 100,000 shares of the business’s stock. A total of $9,433,050 was realized by selling the stock at an average price of $94.33. This leaves the insider owning 604,845 shares of the company worth $51.35 million. Insiders disposed of 1,791,867 shares of company stock worth roughly $152.11 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MS stock. A new stake in Morgan Stanley shares was purchased by UNISUPER MANAGEMENT PTY LTD during the first quarter worth $83,159,000. HAMLIN CAPITAL MANAGEMENT, LLC invested $76,141,000 in shares of MS during the first quarter. In the first quarter, PORTSIDE WEALTH GROUP, LLC acquired a new stake in Morgan Stanley valued at approximately $26,105,000. FULLERTON FUND MANAGEMENT CO LTD. acquired a new stake in MS for approximately $23,331,000. KETTLE HILL CAPITAL MANAGEMENT, LLC purchased a new stake in MS valued at around $21,218,000 in the second quarter. In total, there are 2,216 active investors with 63.80% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $84.96 for Morgan Stanley (NYSE: MS). During the past 12 months, Morgan Stanley has had a low of $74.67 and a high of $100.99. The fifty day moving average price for MS is $87.78 and a two-hundred day moving average price translates $89.00 for the stock.
The latest earnings results from Morgan Stanley (NYSE: MS) was released for Jun, 2023. According to the Capital Markets Company, earnings per share came in at $1.24, beating analysts’ expectations of $1.15 by 0.09. This compares to $1.39 EPS in the same period last year. The net profit margin was 11.50% and return on equity was 10.30% for MS. The company reported revenue of $13.46 billion for the quarter, compared to $13.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.47 percent. For the current quarter, analysts expect MS to generate $13.46B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/15/2023. Investors who held shares on 07/31/2023 were paid a $0.85 dividend. On an annualized basis, this represents a $3.40 dividend and a 4.01% percent yield. There was an ex-dividend date of 07/28/2023 for this dividend. In terms of dividend payout ratio, MS is presently at 53.90%.
