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Morgan Stanley HR chief sells over $690k in stock

Published 17/05/2024, 11:08 am
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Morgan Stanley 's (NYSE:MS) Chief Human Resources Officer, Crawley Mandell, has sold a significant amount of company stock, according to a recent filing with the Securities and Exchange Commission. The transaction, which took place on May 14, involved the sale of 6,954 shares at a weighted average price of $99.6064, totaling approximately $692,662.

The shares were sold in multiple transactions with prices ranging from $99.60 to $99.75. Following the sale, Mandell still owns 46,273.641 shares of Morgan Stanley common stock directly. The sale was executed without any involvement of equity swaps, and the filing indicated that the transactions were conducted openly and transparently.

Investors and market watchers often look to insider transactions such as these for signals about a company's health and the confidence that executives have in their firm's future. The transactions are publicly disclosed to ensure transparency and to provide the market with information that may be relevant to investors' decisions.

Morgan Stanley, a leading global financial services firm, has its headquarters at 1585 Broadway, New York, and is incorporated in Delaware. The company operates in the securities brokerage and financial advisory sector under the standard industrial classification of security brokers, dealers, and flotation companies.

For those interested in the specifics of the stock transactions, Mandell has committed to providing full information regarding the number of shares sold at each separate price within the range upon request to either Morgan Stanley, any security holder of Morgan Stanley, or the staff of the Securities and Exchange Commission.

This sale represents a notable transaction by a key executive at Morgan Stanley and is part of the routine disclosure of stock trades made by company insiders.

InvestingPro Insights

Morgan Stanley (NYSE:MS), a prominent player in the Capital Markets industry, has shown resilience and growth that may interest investors, particularly in light of recent insider transactions. According to real-time data from InvestingPro, Morgan Stanley boasts a strong market position with a Market Cap of $161.85B USD and a Revenue Growth over the last twelve months as of Q1 2024 at 2.92%. These figures underscore the firm's capacity to generate income and expand its operations in a competitive financial landscape.

InvestingPro Tips highlight that Morgan Stanley has not only maintained dividend payments for 32 consecutive years but has also raised its dividend for 10 consecutive years, with a Dividend Yield as of the latest data point at 3.41%. This consistent return to shareholders is complemented by a positive trend in the company's stock performance, with a 1 Year Price Total Return at 23.56%, indicating robust investor confidence and a potentially attractive opportunity for long-term investment.

For those considering capitalizing on Morgan Stanley's financial performance, it's worth noting that 9 analysts have revised their earnings upwards for the upcoming period, signaling optimism about the company's future profitability. With a P/E Ratio (Adjusted) for the last twelve months as of Q1 2024 at 17.16, the company is trading at a valuation that reflects both its historical stability and future growth prospects.

For more in-depth analysis and additional InvestingPro Tips, visit https://www.investing.com/pro/MS. There are a total of 12 additional tips available on InvestingPro, offering further insights into Morgan Stanley's financial health and performance. For those looking to dive deeper into these metrics, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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