Stocks of Morgan Stanley (NYSE:MS) traded higher last session on Wall Street, up 1.49% to $80.33.
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 $100.00. Given the previous closing price of $79.15, this indicates a potential upside of 26.34 percent. MS stock price is now -6.15% away from the 50-day moving average and -8.95% away from the 200-day moving average. The market capitalization of the company currently stands at $133.10B.
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Brokers who have rated the stock have averaged $96.70 as their price target over the next twelve months.
With the price target of $99, HSBC Securities recently initiated with Buy rating 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 $81.24 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 $48.59 million. Insiders disposed of 1,791,867 shares of company stock worth roughly $143.94 million over the past 1 year. A total of 23.02% 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 $78,692,000. FULLERTON FUND MANAGEMENT CO LTD. invested $22,078,000 in shares of MS during the first quarter. In the first quarter, KETTLE HILL CAPITAL MANAGEMENT, LLC acquired a new stake in Morgan Stanley valued at approximately $20,078,000. CAPITAL FUND MANAGEMENT S.A. acquired a new stake in MS for approximately $16,663,000. CINCTIVE CAPITAL MANAGEMENT LP purchased a new stake in MS valued at around $9,388,000 in the second quarter. In total, there are 2,216 active investors with 62.07% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $78.72 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 $85.34 and a two-hundred day moving average price translates $88.20 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 11.40% and return on equity was 9.93% 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 $13.35B 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 $3.26 dividend and a 4.06% 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 47.94%.
Morgan Stanley(MS) 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. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The Institutional Securities segment offers capital raising and financial advisory services, including services related to the underwriting of debt, equity, and other securities, as well as advice on mergers and acquisitions, restructurings, real estate, and project finance. This segment also provides equity and fixed income products comprising sales, financing, prime brokerage, and market-making services; foreign exchange and commodities; corporate and commercial real estate loans, commercial mortgage and secured lending facilities, and financing for sales and trading customers, and asset-backed and mortgage lending; and wealth management services, investment, and research services. The Wealth Management segment offers financial advisor-led brokerage, custody, administrative, and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services, including stock plan administration; annuity and insurance products; securities-based lending, residential real estate loans, and other lending products; banking; and retirement plan services to individual investors and small to medium-sized businesses and institutions. The Investment Management segment provides equity, fixed income, alternatives and solutions, and liquidity and overlay services to benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, third-party fund sponsors, corporations, and individuals through institutional and intermediary channels. Morgan Stanley was founded in 1924 and is headquartered in New York, New York.
