Noteworthy Price Action: Morgan Stanley Can’t Burn Your Long Portfolio. Has Another Strong Session

Noteworthy Price Action: Morgan Stanley Can't Burn Your Long Portfolio. Has Another Strong Session

The stock of Morgan Stanley (NYSE:MS) is a huge mover today! About 16.19 million shares traded hands or 45.72% up from the average. Morgan Stanley (NYSE:MS) has risen 23.37% since February 26, 2016 and is uptrending. It has outperformed by 12.95% the S&P500.
The move comes after 5 months positive chart setup for the $59.88 billion company. It was reported on Oct, 1 by Barchart.com. We have $42.31 PT which if reached, will make NYSE:MS worth $19.16B more.

Analysts await Morgan Stanley (NYSE:MS) to report earnings on October, 17. They expect $0.64 EPS, up 88.24% or $0.30 from last year’s $0.34 per share. MS’s profit will be $1.20 billion for 12.52 P/E if the $0.64 EPS becomes a reality. After $0.75 actual EPS reported by Morgan Stanley for the previous quarter, Wall Street now forecasts -14.67% negative EPS growth.

Morgan Stanley (NYSE:MS) Ratings Coverage

Out of 19 analysts covering Morgan Stanley (NYSE:MS), 10 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 53% are positive. Morgan Stanley has been the topic of 42 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Thursday, January 21, the company rating was maintained by RBC Capital Markets. The firm earned “Sell” rating on Wednesday, January 13 by Societe Generale. The firm has “Buy” rating given on Tuesday, August 25 by Buckingham Research. The rating was maintained by Barclays Capital on Wednesday, April 6 with “Equalweight”. The rating was upgraded by JP Morgan on Tuesday, February 16 to “Overweight”. The firm has “Neutral” rating by Credit Suisse given on Tuesday, September 15. On Wednesday, August 17 the stock rating was maintained by Argus Research with “Buy”. As per Monday, August 31, the company rating was upgraded by Evercore. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, October 20. The rating was maintained by RBC Capital Markets on Thursday, July 21 with “Outperform”.

According to Zacks Investment Research, “MORGAN STANLEY is a preeminent global financial services firm that maintains leading market positions in each of its three primary businesses: securities; asset management; and credit services. The company combines global strength in investment banking and institutional sales and trading with strength in providing full-service and on-line brokerage services, investment and global asset management services and, primarily through its Discover Card brand, quality consumer credit products.”

Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.25, from 1.1 in 2016Q1. The ratio fall, as 82 funds sold all Morgan Stanley shares owned while 263 reduced positions. 56 funds bought stakes while 236 increased positions. They now own 1.59 billion shares or 3.33% more from 1.54 billion shares in 2016Q1.
Moreover, Grassi Invest Mngmt has 0.64% invested in Morgan Stanley (NYSE:MS) for 130,900 shares. Springbok Capital Mngmt Limited Liability Corporation, a New York-based fund reported 3,956 shares. Iberiabank Corporation owns 17,276 shares or 0.2% of their US portfolio. The Missouri-based Tiaa Cref Fsb Mo has invested 0% in Morgan Stanley (NYSE:MS). Asset Mngmt Inc last reported 0.15% of its portfolio in the stock. Wealthfront holds 0.02% of its portfolio in Morgan Stanley (NYSE:MS) for 27,859 shares. Pitcairn holds 0.03% of its portfolio in Morgan Stanley (NYSE:MS) for 9,067 shares. Fifth Third National Bank & Trust has 1.62 million shares for 0.36% of their US portfolio. Bridgecreek Inv Management Ltd Liability Co has 1.77% invested in the company for 222,100 shares. Alexandria Capital Ltd Liability Com accumulated 400 shares or 0% of the stock. Eastern Bancorp last reported 0.82% of its portfolio in the stock. Mcf Advsrs Limited Com holds 4,150 shares or 0.03% of its portfolio. Allianz Asset Mngmt Ag owns 1.73M shares or 0.02% of their US portfolio. Whittier Trust Of Nevada Inc owns 868 shares or 0% of their US portfolio. Cadence Management Llc accumulated 0.05% or 26,865 shares.

Insider Transactions: Since June 29, 2016, the stock had 2 insider purchases, and 0 selling transactions for $4.00 million net activity. $2.00M worth of Morgan Stanley (NYSE:MS) was bought by Trombetta Giandomenico. On Wednesday, June 29 BP4 S.r.l. bought $2.00 million worth of the stock or 1.00M shares.

More notable recent Morgan Stanley (NYSE:MS) news were published by: Reuters.com which released: “Morgan Stanley estimates Deutsche settlement over US fine at $6 billion” on September 30, 2016, also Cnbc.com with their article: “Morgan Stanley exec: The career advice I would give my 20-year-old self” published on September 27, 2016, Marketwatch.com published: “Trump’s ‘ugly’ claim about stocks is backed by Morgan Stanley economist” on September 29, 2016. More interesting news about Morgan Stanley (NYSE:MS) were released by: Reuters.com and their article: “Ex-Morgan Stanley broker gets three years prison in insider trading ring” published on September 30, 2016 as well as Barrons.com‘s news article titled: “Morgan Stanley Eyes Big Trends in Hunt for Growth” with publication date: September 30, 2016.

MS Company Profile

Morgan Stanley, incorporated on October 1, 1981, is a financial holding company. The Firm is a global financial services firm that, through its subsidiaries and affiliates, advises, and originates, trades, manages and distributes capital for governments, institutions and individuals. The Company’s divisions include Institutional Securities, Wealth Management and Investment Management. Through its subsidiaries and affiliates, the Company provides a range of services and products to a group of clients and customers, including firms, governments, financial institutions and individuals.

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