Morgan Stanley (NYSE:MS) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 9,883,200 shares, a decrease of 8.2% from the June 30th total of 10,768,000 shares. Based on an average daily trading volume, of 9,560,000 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.8% of the company’s shares are sold short.
A number of hedge funds and other institutional investors have recently modified their holdings of MS. FMR LLC grew its position in shares of Morgan Stanley by 7.0% in the 1st quarter. FMR LLC now owns 25,890,003 shares of the financial services provider’s stock worth $1,092,558,000 after buying an additional 1,687,819 shares during the period. Invesco Ltd. grew its position in shares of Morgan Stanley by 3.4% in the 2nd quarter. Invesco Ltd. now owns 21,671,991 shares of the financial services provider’s stock worth $949,451,000 after buying an additional 714,456 shares during the period. Geode Capital Management LLC grew its position in shares of Morgan Stanley by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 16,970,026 shares of the financial services provider’s stock worth $671,686,000 after buying an additional 956,583 shares during the period. Nuveen Asset Management LLC grew its position in shares of Morgan Stanley by 1,929.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 16,566,955 shares of the financial services provider’s stock worth $725,798,000 after buying an additional 15,750,661 shares during the period. Finally, Northern Trust Corp grew its position in shares of Morgan Stanley by 0.3% in the 1st quarter. Northern Trust Corp now owns 15,319,050 shares of the financial services provider’s stock worth $646,464,000 after buying an additional 51,672 shares during the period. Institutional investors and hedge funds own 84.14% of the company’s stock.
NYSE MS traded down $0.23 during trading on Thursday, hitting $39.10. The company had a trading volume of 10,723,396 shares, compared to its average volume of 11,038,597. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.66. Morgan Stanley has a one year low of $36.74 and a one year high of $50.42. The company has a market cap of $66.71 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 1.03 and a beta of 1.32. The company’s fifty day moving average is $43.40 and its 200-day moving average is $43.54.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.10. Morgan Stanley had a net margin of 16.06% and a return on equity of 11.04%. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.02 billion. During the same period in the prior year, the business earned $1.30 EPS. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, equities analysts anticipate that Morgan Stanley will post 4.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, July 30th. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 3.58%. Morgan Stanley’s dividend payout ratio is 30.37%.
A number of equities research analysts recently commented on the stock. Oppenheimer set a $65.00 price target on shares of Morgan Stanley and gave the company a “buy” rating in a report on Friday, July 19th. Citigroup upgraded shares of Morgan Stanley from a “neutral” rating to a “buy” rating and upped their price target for the company from $48.00 to $52.00 in a report on Friday, July 12th. Royal Bank of Canada set a $60.00 price target on shares of Morgan Stanley and gave the company a “buy” rating in a report on Wednesday, April 24th. BMO Capital Markets set a $69.00 price target on shares of Morgan Stanley and gave the company a “buy” rating in a report on Friday, July 19th. Finally, ValuEngine lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $56.92.
Morgan Stanley 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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.
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