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Morgan Stanley insider Eric Grossman sold 21,555 shares at an average price of $184.00, totaling $3,966,120. This sale reduced his holdings by 11.19%, leaving him with 171,005 shares valued at $31,464,920. The transaction was disclosed to the SEC. Morgan Stanley's stock opened at $183.00, with a market cap of $290.84 billion and a P/E ratio of 17.92. The company recently reported quarterly earnings of $2.68 per share, exceeding estimates, and declared a $1.00 dividend to be paid on February 13th.
Atlas Legacy Advisors LLC increased its stake in Morgan Stanley (NYSE:MS) by 83% in Q3, owning 17,161 shares valued at $2.73 million. Other institutional investors also adjusted their positions, with Norges Bank acquiring a new stake worth approximately $2.23 billion. Analysts have raised price targets for Morgan Stanley, with a consensus target of $185.93. Positive sentiment surrounds the firm due to its role in the anticipated SpaceX IPO, while insider selling raises caution among investors.
According to the Financial Times, citing informed sources, SpaceX executives have met with bankers from Bank of America, Goldman Sachs, JP Morgan, and Morgan Stanley in recent weeks, selecting these four Wall Street investment banks as lead underwriters. It has been reported that other banks may also secure a place in this listing, which has not yet been finalized
Morgan Stanley insider Charles Smith sold 8,500 shares for $1,547,680, reducing his ownership by 6.66%. Post-sale, he holds 119,128 shares valued at approximately $21.69 million. The sale was disclosed to the SEC. Morgan Stanley's stock traded down 0.2% to $183.00, with a market cap of $290.84 billion. The company reported Q4 earnings of $2.68 EPS, exceeding estimates, and announced a quarterly dividend of $1.00, yielding 2.2%. Institutional investors own 84.19% of the stock, with significant recent changes in holdings.
Several Morgan Stanley executives sold shares totaling over $15 million. Chief Client Officer Crawley Mandell sold 7,860 shares for $1,441,879, now owning 68,788 shares. Head of Technology & Operations Michael A. Pizzi sold 20,000 shares for $3,691,000, holding 127,872 shares. Co-President Andrew M. Saperstein sold 30,330 shares for $5,569,085, with 280,480 shares remaining. Chief Risk Officer Charles A. Smith sold 8,500 shares for $1,547,685, owning 119,127 shares. CFO Yeshaya Sharon sold 15,838 shares for $2,942,176, now holding 135,304 shares.
