Morgan Stanley (NYSE:MS) shares traded -2.62% lower at $119.00 on Wall Street last session.
MS stock price is now -8.36% away from the 50-day moving average and 2.69% away from the 200-day moving average. The market capitalization of the company currently stands at $191.93B.
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On November 15, 2024, Wells Fargo Upgraded its previous ‘Underweight’ rating to ‘Equal Weight’ on the stock keeping its target price maintained at $142, while ‘HSBC Securities’ rates the stock as ‘Buy’
In other news, JAMES P GORMAN, Chairman Emeritus bought 50,000 shares of the company’s stock on Feb 27 ’25. The stock was bought for $6,600,000 at an average price of $132.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 24 ’25, Chairman Emeritus JAMES P GORMAN bought 100,000 shares of the business’s stock. A total of $13,000,000 was incurred on buying the stock at an average price of $130.00. A total of 23.62% of the company’s stock is owned by insiders.
During the past 12 months, Morgan Stanley has had a low of $85.01 and a high of $142.03. According to the stock market information, the enterprise value for the company is $88514813952, which is based on a 14.98 price-to-earnings ratio, a 1.53 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for MS is $129.859 and a two-hundred day moving average price translates $115.8879 for the stock.
The latest earnings results from Morgan Stanley (NYSE: MS) was released for 2024-12-31. The net profit margin was 12.36% and return on equity was 13.16% for MS. The company reported revenue of $16.22 billion for the quarter, compared to $12.9 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.8 percent. For the current quarter, analysts expect MS to generate $16.79B in revenue.
