The stock of Morgan Stanley (NYSE:MS) last traded at $98.28, up 0.17% from the previous session.
MS stock price is now 8.05% away from the 50-day moving average and 14.67% away from the 200-day moving average. The market capitalization of the company currently stands at $159.72B.
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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 Apr 18 ’24. The stock was sold for $9,020,530 at an average price of $90.21. Upon completion of the transaction, the Executive Chairman now directly owns 414,870 shares in the company, valued at $40.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 17 ’24, Chief Risk Officer Smith Charles Aubrey III sold 11,200 shares of the business’s stock. A total of $1,009,019 was realized by selling the stock at an average price of $90.09. This leaves the insider owning 126,190 shares of the company worth $12.4 million. A total of 23.34% 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 $98.26.
According to the Capital Markets Company, earnings per share came in at 1.24, beating analysts’ expectations of 1.15 by 0.09. This compares to $1.70 EPS in the same period last year. The net profit margin was 8.98% and return on equity was 9.52% for MS. The company reported revenue of $15.14 billion for the quarter, compared to $14.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.26 percent. For the current quarter, analysts expect MS to generate $14.29B in revenue.
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