Stocks of Morgan Stanley (NYSE:MS) traded higher last session on Wall Street, up 0.89% to $100.15.
MS stock price is now -0.33% away from the 50-day moving average and 8.11% away from the 200-day moving average. The market capitalization of the company currently stands at $162.03B.
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With the price target reduced from $99 to $95, Wells Fargo Downgraded its rating from Equal Weight to Underweight for Morgan Stanley (NYSE: MS). , while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, CRAWLEY MANDELL, Chief Human Resources Officer sold 3,500 shares of the company’s stock on Jul 26 ’24. The stock was sold for $368,375 at an average price of $105.25. Upon completion of the transaction, the Chief Human Resources Officer now directly owns 43,224 shares in the company, valued at $4.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 26 ’24, Affilliate MANDELL L CRAWLEY & ALISON JIM bought 3,500 shares of the business’s stock. A total of $368,375 was incurred on buying the stock at an average price of $105.25. A total of 23.45% 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 $109.11. According to the stock market information, the enterprise value for the company is $49039323136, which is based on a 16.49 price-to-earnings ratio, a 0.89 price-to-earnings-growth ratio, and a beta of 1.36. The fifty day moving average price for MS is $100.4826 and a two-hundred day moving average price translates $92.6364 for the stock.
The latest earnings results from Morgan Stanley (NYSE: MS) was released for 2024-06-30. The net profit margin was 9.59% and return on equity was 10.36% for MS. The company reported revenue of $15.02 billion for the quarter, compared to $13.46 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.61 percent.
