Stocks of Morgan Stanley (NYSE:MS) traded higher last session on Wall Street, down -0.53% to $104.09.
MS stock price is now 6.50% away from the 50-day moving average and 18.09% away from the 200-day moving average. The market capitalization of the company currently stands at $169.16B.
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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, CRAWLEY MANDELL, Chief Human Resources Officer sold 6,954 shares of the company’s stock on May 14 ’24. The stock was sold for $692,663 at an average price of $99.61. Upon completion of the transaction, the Chief Human Resources Officer now directly owns 46,274 shares in the company, valued at $4.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 18 ’24, Executive Chairman GORMAN JAMES P sold 100,000 shares of the business’s stock. A total of $9,020,530 was realized by selling the stock at an average price of $90.21. This leaves the insider owning 414,870 shares of the company worth $43.18 million. A total of 23.49% 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 $105.29. According to the stock market information, the enterprise value for the company is -$131358818304, which is based on a 18.96 price-to-earnings ratio, a 2.37 price-to-earnings-growth ratio, and a beta of 1.37. The fifty day moving average price for MS is $97.9994 and a two-hundred day moving average price translates $88.2529 for the stock.
The latest earnings results from Morgan Stanley (NYSE: MS) was released for 2024-03-31. 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.
