Wellington Management Co. LLP has recently announced that it has increased stake in Morgan Stanley (NYSE:MS) by 11.01%. After grabbing 49.21 million shares, the institutional investor is now in possession of 4.88 million shares of the Financial Company. The new investment brought the stake of investor firm to 2.87% having worth around $4.04 billion. Moreover, JPMorgan Investment Management, I increased its share by 0.86 million to have a control over 33.98 million shares. And Capital Research & Management Co raised its holdings to 1.22 million shares by acquiring 28.46 million shares or 1.66% of the stake.
Morgan Stanley (MS) concluded trading on 11/23/22 at a closing price of $89.93, with 4.96 million shares of worth about $445.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.36% during that period and on Wednesday the price saw a gain of about 0.29%. Currently the company’s common shares owned by public are about 1.67B shares, out of which, 1.31B shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 29 analysts are covering the MS stock and their offered price forecasts bring an average price target of $92.75. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $105.00 and could fall to a lowest price of $79.22. The stock’s current price level is 3.63% above of average price target set by the analysts, while a rise to estimated low would result in loss of -13.52% for the stock. However, touching the estimated high of $105.00 would mean a gain of 14.35% 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 79 times over the past 12 months. They bought 1,681,292 shares in 40 of the transactions. In 39 selling transactions, insiders dumped 1,005,031 shares.
Vanguard Total Stock Market Index, Vanguard 500 Index Fund, and Government Pension Fund – Global are the top 3 mutual funds which are holding stakes in Morgan Stanley Vanguard Total Stock Market Index is currently holding 38.64 million shares of worth totaling $3.17 billion. The company recently came buying 0.18 million shares which brought its stake up to 2.25% of the company’s outstanding shares. Vanguard 500 Index Fund bought 0.3 million shares, after which its hold over company’s outstanding shares expand to 1.79%, leaving 30.64 million shares with the mutual fund that have a worth of about $2.52 billion. Government Pension Fund – Global, after selling 15.74 million shares, have now control over 0.92% of the stake in the company. It holds -3.7 million shares of worth $1.29 billion.
Morgan Stanley (NYSE: MS) started trading at $89.72, above $0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 90.45, or with a gain of 0.29%. Stock saw a price change of 0.12% in past 5 days and over the past one month there was a price change of 11.70%. Year-to-date (YTD), MS shares are showing a performance of -8.38% which decreased to -11.71% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $72.05 but also hit the highest price of $109.73 during that period. The average intraday trading volume for Morgan Stanley shares is 7.80 million. The stock is currently trading 4.36% above its 20-day simple moving average (SMA20), while that difference is up 8.12% for SMA50 and it goes to 5.90% higher than SMA200.
Wellington Management Co. LLP acquired 49.21 million shares of Morgan Stanley having value of about $4.04 billion. Data submitted at the U.S SEC by Wellington Management Co. LLP revealed that the firm now holds 4.88 million shares in the company valued at close to $439024590.64, or have control over 11.01% stake in the company. Morgan Stanley (NYSE: MS) currently have 1.67B outstanding shares and institutions hold larger chunk of about 63.80% of that. Holding of mutual funds in the company is about 26.75% while other institutional holders and individual stake holders have control over 35.92% and 25.88% of the stake respectively.
The stock has a current market capitalization of $151.57B and its 3Y-monthly beta is at 1.31. PE ratio of stock for trailing 12 months is 13.05, while it has posted earnings per share of $6.89 in the same period. Its PEG reads 8.66 while making debt-to-equity ratio of 6.85. 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 1.39% while standing at 2.11% over the month.
Analysts are in expectations that Morgan Stanley (MS) stock would likely to be making an EPS of $29.42 in the current quarter, while forecast for next quarter EPS is $36.7 and it is $147.22 for next year. For the current quarter EPS, analysts have given the company a lowest target $17.95 which is $33.11 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 $40.97 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 24.20% while it is estimated to increase by 16.64% in next year. EPS is likely to shrink at an annualized rate of 1.51% for next 5-years, compared to annual growth of 22.40% made by the stock over the past 5-years.
Analysts at 29 brokerage firms have issued recommendations for the Morgan Stanley (MS)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 29 Wall Street analysts, 17 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Atlantic Equities on October 05, 2022 offering a Neutral rating for the stock and assigned a target price range of between $95 and $85 to it. Stock get a Buy rating from Citigroup on December 03, 2021.