What Did This CEO Just Do with Personal Shares of Morgan Stanley (NYSE: MS)?

Yesterday, the Chairman & CEO of Morgan Stanley (MSResearch Report), James Gorman, sold shares of MS for $7.86M.

Following James Gorman’s last MS Sell transaction on August 04, 2011, the stock climbed by 35.8%. This is Gorman’s first transaction since reporting a Sell transaction on BSL back in August 2017

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The company has a one-year high of $57.57 and a one-year low of $27.20. MS’s market cap is $81.04 billion and the company has a P/E ratio of 10.70. Currently, Morgan Stanley has an average volume of 16.27M.

Based on 14 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $54.42, reflecting a -3.0% downside.

The insider sentiment on Morgan Stanley has been neutral according to 68 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following business segments: Institutional Securities, Wealth Management, and Investment Management. The Institutional Services segment provides financial advisory, capital-raising services, and related financing services on behalf of institutional investors. The Wealth Management segment offers brokerage and investment advisory services covering various types of investments, including equities, options, futures, foreign currencies, precious metals, fixed-income securities, mutual funds, structured products, alternative investments, unit investment trusts, managed futures, separately managed accounts, and mutual fund asset allocation programs. The Investment Management segment provides equity, fixed income, alternative investments, real estate, and merchant banking strategies. The company was founded by Harold Stanley and Henry S. Morgan on September 16, 1935 and is headquartered in New York, NY.