In yesterday’s Wall Street session, Morgan Stanley (NYSE:MS) shares traded at $88.42, up 0.52% from the previous session.
MS stock price is now 1.43% away from the 50-day moving average and 4.35% away from the 200-day moving average. The market capitalization of the company currently stands at $144.59B.
With the price target reduced from $102 to $91, Keefe Bruyette Downgraded its rating from Outperform to Mkt Perform for Morgan Stanley (NYSE: MS). On January 17, 2024, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $94 to quote $87, while ‘HSBC Securities’ rates the stock as ‘Hold’
In other news, GORMAN JAMES P, Executive Chairman sold 100,000 shares of the company’s stock on Feb 12 ’24. The stock was sold for $8,730,220 at an average price of $87.30. Upon completion of the transaction, the Executive Chairman now directly owns 350,000 shares in the company, valued at $30.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 12 ’24, Co-President SAPERSTEIN ANDREW M sold 26,655 shares of the business’s stock. A total of $2,324,092 was realized by selling the stock at an average price of $87.19. This leaves the insider owning 286,835 shares of the company worth $25.36 million. A total of 23.35% of the company’s stock is owned by insiders.
During the past 12 months, Morgan Stanley has had a low of $69.42 and a high of $95.57. The fifty day moving average price for MS is $87.18 and a two-hundred day moving average price translates $84.73 for the stock.
The latest earnings results from Morgan Stanley (NYSE: MS) was released for Dec, 2023. According to the Capital Markets Company, earnings per share came in at $0.99, missing analysts’ expectations of $1.01 by -0.02. This compares to $1.27 EPS in the same period last year. The net profit margin was 8.82% and return on equity was 9.12% for MS. The company reported revenue of $12.9 billion for the quarter, compared to $12.75 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.15 percent. For the current quarter, analysts expect MS to generate $14.38B in revenue.
