Morgan Stanley (MS) CFO Sells $2,889,491.40 in Stock
Morgan Stanley (NYSE:MS) CFO Jonathan Pruzan sold 52,204 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $55.35, for a total transaction of $2,889,491.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Morgan Stanley (MS) opened at $55.14 on Monday. Morgan Stanley has a 12-month low of $40.06 and a 12-month high of $58.05. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market cap of $99,690.00, a price-to-earnings ratio of 17.84, a PEG ratio of 0.95 and a beta of 1.54.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.07. Morgan Stanley had a net margin of 14.10% and a return on equity of 10.03%. The company had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the prior year, the company posted $0.81 earnings per share. Morgan Stanley’s revenue for the quarter was up 5.3% compared to the same quarter last year. research analysts anticipate that Morgan Stanley will post 4.51 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of MS. Exane Derivatives boosted its stake in Morgan Stanley by 303.9% during the fourth quarter. Exane Derivatives now owns 1,979 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 1,489 shares in the last quarter. Invictus RG boosted its stake in Morgan Stanley by 307.5% during the third quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,762 shares in the last quarter. Rational Advisors LLC bought a new position in Morgan Stanley during the third quarter worth $116,000. Zions Bancorporation boosted its stake in Morgan Stanley by 176.1% during the third quarter. Zions Bancorporation now owns 2,463 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 1,571 shares in the last quarter. Finally, WFG Advisors LP lifted its stake in shares of Morgan Stanley by 45.4% in the second quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock valued at $120,000 after buying an additional 840 shares in the last quarter. 86.55% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on MS shares. Royal Bank of Canada reiterated a “buy” rating and set a $60.00 price objective on shares of Morgan Stanley in a research report on Friday, January 19th. Wells Fargo & Co set a $55.00 price objective on shares of Morgan Stanley and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $63.00 price objective on shares of Morgan Stanley in a research report on Friday, December 22nd. Finally, UBS Group upgraded shares of Morgan Stanley to an “overweight” rating in a research report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $54.07.
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About Morgan Stanley
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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