Morgan Stanley (NYSE:MS) Short Interest Update


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Morgan Stanley (NYSE:MS) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 9,930,000 shares, a drop of 19.1% from the March 31st total of 12,270,000 shares. Based on an average trading volume of 11,520,000 shares, the short-interest ratio is presently 0.9 days. Approximately 0.8% of the shares of the company are short sold.

MS has been the topic of several research analyst reports. Berenberg Bank raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Tuesday, April 27th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Morgan Stanley from $68.00 to $79.00 and gave the company a “hold” rating in a research note on Thursday, April 1st. Daiwa Capital Markets raised shares of Morgan Stanley from a “neutral” rating to an “outperform” rating and set a $86.00 target price on the stock in a research note on Monday, March 8th. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a research note on Monday, January 25th. Finally, BMO Capital Markets lifted their price objective on shares of Morgan Stanley from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 20th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $74.15.

NYSE:MS traded up $0.18 during trading hours on Tuesday, hitting $82.64. 8,797,140 shares of the stock traded hands, compared to its average volume of 11,498,653. The firm has a 50 day moving average price of $80.48 and a 200 day moving average price of $70.45. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.50. Morgan Stanley has a fifty-two week low of $35.53 and a fifty-two week high of $86.64. The firm has a market cap of $154.58 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 2.17 and a beta of 1.59.

Morgan Stanley (NYSE:MS) last announced its earnings results on Thursday, April 15th. The financial services provider reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.47. Morgan Stanley had a net margin of 19.16% and a return on equity of 12.33%. The company had revenue of $15.72 billion for the quarter, compared to the consensus estimate of $13.48 billion. During the same period in the previous year, the business earned $1.01 EPS. The company’s revenue was up 65.7% on a year-over-year basis. Research analysts predict that Morgan Stanley will post 5.93 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 14th. Shareholders of record on Friday, April 30th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, April 29th. Morgan Stanley’s dividend payout ratio (DPR) is currently 28.11%.

In related news, insider Daniel A. Simkowitz sold 73,162 shares of the stock in a transaction dated Monday, April 19th. The shares were sold at an average price of $80.06, for a total value of $5,857,349.72. Following the sale, the insider now owns 267,915 shares of the company’s stock, valued at approximately $21,449,274.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Morgan Stanley increased its stake in shares of Morgan Stanley by 105.8% in the third quarter. Morgan Stanley now owns 58,405 shares of the financial services provider’s stock worth $2,825,000 after acquiring an additional 30,024 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its stake in shares of Morgan Stanley by 5,054.1% in the third quarter. Schonfeld Strategic Advisors LLC now owns 352,698 shares of the financial services provider’s stock worth $17,053,000 after acquiring an additional 345,855 shares during the last quarter. IHT Wealth Management LLC acquired a new position in shares of Morgan Stanley in the third quarter worth $207,000. Eudaimonia Partners LLC increased its stake in shares of Morgan Stanley by 8.9% in the third quarter. Eudaimonia Partners LLC now owns 4,484 shares of the financial services provider’s stock worth $217,000 after acquiring an additional 366 shares during the last quarter. Finally, Brinker Capital Investments LLC acquired a new position in shares of Morgan Stanley in the third quarter worth $2,137,000. 76.79% of the stock is currently owned by institutional investors.

Morgan Stanley Company Profile

Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following business segments: Institutional Securities, Wealth Management, and Investment Management.

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