The price of Morgan Stanley (NYSE:MS) shares last traded on Wall Street rose 1.52% to $137.87.
MS stock price is now 6.92% away from the 50-day moving average and 27.96% away from the 200-day moving average. The market capitalization of the company currently stands at $222.11B.
On November 15, 2024, Wells Fargo Upgraded its previous ‘Underweight’ rating to ‘Equal Weight’ on the stock keeping its target price maintained at $142, while ‘HSBC Securities’ rates the stock as ‘Buy’
In other news, JAMES P GORMAN, Chairman Emeritus bought 170,421 shares of the company’s stock on Jan 17 ’25. The stock was bought for $23,459,303 at an average price of $137.66. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 17 ’25, Chairman Emeritus JPG 2023 CC GRAT bought 29,579 shares of the business’s stock. A total of $4,000,885 was incurred on buying the stock at an average price of $135.26. A total of 23.62% of the company’s stock is owned by insiders.
During the past 12 months, Morgan Stanley has had a low of $83.09 and a high of $136.24. According to the stock market information, the enterprise value for the company is $71193698304, which is based on a 17.34 price-to-earnings ratio, a 1.47 price-to-earnings-growth ratio, and a beta of 1.35. The fifty day moving average price for MS is $128.9484 and a two-hundred day moving average price translates $107.74295 for the stock.
The latest earnings results from Morgan Stanley (NYSE: MS) was released for 2024-09-30. The net profit margin was 11.92% and return on equity was 13.16% for MS. The company reported revenue of $15.38 billion for the quarter, compared to $13.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.9 percent. For the current quarter, analysts expect MS to generate $16.96B in revenue.
