JPMorgan Investment Management, I has recently announced that it has increased stake in Morgan Stanley (NYSE:MS) by 4.82%. After grabbing 39.41 million shares, the institutional investor is now in possession of 1.81 million shares of the Financial Company. The new investment brought the stake of investor firm to 2.40% having worth around $3.13 billion.
Morgan Stanley (MS) concluded trading on 12/27/23 at a closing price of $93.66, with 4.07 million shares of worth about $380.83 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.51% during that period and on Wednesday the price saw a gain of about 0.88%. Currently the company’s common shares owned by public are about 1.68B shares, out of which, 1.26B shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 27 analysts are covering the MS stock and their offered price forecasts bring an average price target of $89.74. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $107.00 and could fall to a lowest price of $73.60. The stock’s current price level is -4.37% below of average price target set by the analysts, while a dip to estimated low would result in loss of -27.26% for the stock. However, touching the estimated high of $107.00 would mean a gain of 12.47% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 88 times over the past 12 months. They bought 1,550,735 shares in 35 of the transactions. In 53 selling transactions, insiders dumped 1,792,470 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Fidelity 500 Index Fund are the top 3 mutual funds which are holding stakes in Morgan Stanley Vanguard Total Stock Market ETF is currently holding 38.94 million shares of worth totaling $3.09 billion. The company recently came buying 46371.0 shares which brought its stake up to 2.37% of the company’s outstanding shares. Vanguard 500 Index Fund bought 0.15 million shares, after which its hold over company’s outstanding shares expand to 1.88%, leaving 30.81 million shares with the mutual fund that have a worth of about $2.44 billion. Fidelity 500 Index Fund, after buying 14.77 million shares, have now control over 0.90% of the stake in the company. It holds 0.12 million shares of worth $1.17 billion.
Morgan Stanley (NYSE: MS) started trading at $92.69, below -$0.15 from concluding price of the previous day. However, the stock later moved at a day high price of 93.69, or with a gain of 0.88%. Stock saw a price change of 1.89% in past 5 days and over the past one month there was a price change of 20.15%. Year-to-date (YTD), MS shares are showing a performance of 10.16% which increased to 8.77% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $69.42 but also hit the highest price of $100.99 during that period. The average intraday trading volume for Morgan Stanley shares is 8.97 million. The stock is currently trading 9.84% above its 20-day simple moving average (SMA20), while that difference is up 18.03% for SMA50 and it goes to 11.32% higher than SMA200.
JPMorgan Investment Management, I acquired 39.41 million shares of Morgan Stanley having value of about $3.13 billion. Data submitted at the U.S SEC by JPMorgan Investment Management, I revealed that the firm now holds 1.81 million shares in the company valued at close to $169732618.86, or have control over 4.82% stake in the company. Morgan Stanley (NYSE: MS) currently have 1.68B outstanding shares and institutions hold larger chunk of about 62.10% of that. Holding of mutual funds in the company is about 28.67% while other institutional holders and individual stake holders have control over 33.94% and 27.07% of the stake respectively.
The stock has a current market capitalization of $153.73B and its 3Y-monthly beta is at 1.41. PE ratio of stock for trailing 12 months is 16.78, while it has posted earnings per share of $5.58 in the same period. Its PEG reads 2.10 while making debt-to-equity ratio of 3.49. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MS, volatility over the week remained 1.26% while standing at 1.99% over the month.
Analysts are in expectations that Morgan Stanley (MS) stock would likely to be making an EPS of $1.16 in the current quarter, while forecast for next quarter EPS is $1.71 and it is $6.62 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.83 which is $1.43 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.26 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -12.57% while it is estimated to increase by 18.56% in next year. EPS is likely to shrink at an annualized rate of 8.00% for next 5-years, compared to annual growth of 14.93% made by the stock over the past 5-years.
