Shares of Morgan Stanley (NYSE:MS) have been given a consensus rating of “Buy” by the twenty-eight research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $50.28.
Several research analysts have commented on MS shares. J P Morgan Chase & Co reiterated a “buy” rating and issued a $53.00 target price on shares of Morgan Stanley in a report on Monday, June 26th. Deutsche Bank AG reiterated a “buy” rating on shares of Morgan Stanley in a report on Monday, July 3rd. Buckingham Research reiterated a “buy” rating and issued a $54.00 target price (up from $51.00) on shares of Morgan Stanley in a report on Monday, July 10th. Zacks Investment Research cut shares of Morgan Stanley from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, BMO Capital Markets raised their target price on shares of Morgan Stanley from $58.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, July 20th.
In other news, Chairman James P. Gorman sold 212,366 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $47.26, for a total transaction of $10,036,417.16. Following the completion of the transaction, the chairman now directly owns 1,602,609 shares in the company, valued at $75,739,301.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the business. Davidson Investment Advisors increased its holdings in Morgan Stanley by 2.6% in the first quarter. Davidson Investment Advisors now owns 291,525 shares of the financial services provider’s stock worth $12,486,000 after purchasing an additional 7,462 shares in the last quarter. Westpac Banking Corp grew its stake in Morgan Stanley by 28.5% in the first quarter. Westpac Banking Corp now owns 330,925 shares of the financial services provider’s stock valued at $9,425,000 after acquiring an additional 73,424 shares during the period. Davidson & Garrard Inc. grew its stake in Morgan Stanley by 2.2% in the second quarter. Davidson & Garrard Inc. now owns 5,525 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 120 shares during the period. Calamos Wealth Management LLC acquired a new stake in Morgan Stanley in the second quarter valued at approximately $1,412,000. Finally, SG Americas Securities LLC grew its stake in Morgan Stanley by 113.2% in the first quarter. SG Americas Securities LLC now owns 206,426 shares of the financial services provider’s stock valued at $8,843,000 after acquiring an additional 1,773,467 shares during the period. Institutional investors and hedge funds own 85.17% of the company’s stock.
Shares of Morgan Stanley (NYSE:MS) opened at 50.15 on Thursday. Morgan Stanley has a 12-month low of $32.54 and a 12-month high of $50.45. The stock has a market cap of $92.10 billion, a P/E ratio of 14.37 and a beta of 1.61. The company’s 50-day moving average is $47.55 and its 200-day moving average is $45.17.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.12. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.11%. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.05 billion. During the same quarter last year, the firm posted $0.80 EPS. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts expect that Morgan Stanley will post $3.49 earnings per share for the current fiscal year.
Morgan Stanley declared that its Board of Directors has initiated a share buyback program on Wednesday, June 28th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 6.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be given a dividend of $0.25 per share. The ex-dividend date is Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.99%. Morgan Stanley’s dividend payout ratio (DPR) is 27.70%.
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About Morgan Stanley
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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