From MarketBeat:

Mirae Asset Global Investments Co. Ltd. has lowered its stake in shares of Morgan Stanley, selling over 36,000 shares, valued at $21,061,000. BlackRock Inc., Capital Research Global Investors, Capital International Investors, and other big hedge funds have also made changes to their positions in the stock. These changes resulted in a big impact on the stock’s performance as its 52-week high reached $100.99 and its 52-week low at $69.42, with a market cap of $148.56 billion and a beta of 1.43.

Morgan Stanley’s last quarterly earnings beat analyst expectations by $0.07 per share. The firm had a net margin of 10.86% and a return on equity of 10.70%. During the same period in the previous year, the business earned $1.53 per share and its revenue was up 2.2% on a year-over-year basis. The company is predicted to post 5.5 EPS for the current year.

Morgan Stanley has a quarterly dividend of $0.85, with a 3.76% annualized dividend and a 60.93% dividend payout ratio. Wall Street analysts have forecasted strong growth for Morgan Stanley, with most giving the stock a hold or buy rating. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.90.

As a financial holding company, Morgan Stanley operates through Institutional Securities, Wealth Management, and Investment Management segments. The company has a strong presence in the Americas, Europe, the Middle East, Africa, and Asia. If you’re considering investing in Morgan Stanley, you may want to take into account that top-rated analysts are currently recommending other stocks instead of Morgan Stanley.



Read more: Morgan Stanley (NYSE:MS) Shares Sold by Mirae Asset Global Investments Co. Ltd.