Morgan Stanley (NYSE:MS) has earned a consensus recommendation of “Buy” from the twenty-five analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $54.48.
MS has been the topic of several research analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $63.00 price objective on shares of Morgan Stanley in a research report on Friday, December 22nd. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Monday, December 11th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Morgan Stanley in a research note on Monday, November 20th. Vining Sparks reaffirmed a “buy” rating and issued a $60.00 target price on shares of Morgan Stanley in a research note on Monday, January 8th. Finally, Credit Suisse Group raised Morgan Stanley to a “buy” rating and set a $58.00 target price for the company in a research note on Thursday, January 4th.
In other news, insider Daniel A. Simkowitz sold 87,050 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $53.55, for a total transaction of $4,661,527.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman James P. Gorman sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $55.34, for a total value of $5,534,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 264,254 shares of company stock valued at $14,335,019. Insiders own 0.35% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Iberiabank Corp lifted its stake in Morgan Stanley by 11.8% in the fourth quarter. Iberiabank Corp now owns 9,121 shares of the financial services provider’s stock worth $479,000 after acquiring an additional 960 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in Morgan Stanley by 5.9% in the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 18,018 shares of the financial services provider’s stock worth $945,000 after acquiring an additional 1,000 shares during the period. Bollard Group LLC lifted its stake in Morgan Stanley by 1.0% in the fourth quarter. Bollard Group LLC now owns 108,699 shares of the financial services provider’s stock worth $5,703,000 after acquiring an additional 1,040 shares during the period. IFM Investors Pty Ltd lifted its stake in Morgan Stanley by 2.7% in the third quarter. IFM Investors Pty Ltd now owns 39,081 shares of the financial services provider’s stock worth $1,883,000 after acquiring an additional 1,041 shares during the period. Finally, Covenant Asset Management LLC lifted its stake in Morgan Stanley by 3.4% in the fourth quarter. Covenant Asset Management LLC now owns 33,036 shares of the financial services provider’s stock worth $1,733,000 after acquiring an additional 1,071 shares during the period. 86.32% of the stock is owned by hedge funds and other institutional investors.
Morgan Stanley (NYSE MS) traded up $1.21 during mid-day trading on Wednesday, hitting $56.07. 6,676,037 shares of the company traded hands, compared to its average volume of 10,430,000. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $101,370.00, a PE ratio of 14.91, a price-to-earnings-growth ratio of 0.95 and a beta of 1.54. Morgan Stanley has a one year low of $40.06 and a one year high of $58.05.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.07. The company had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $9.25 billion. Morgan Stanley had a net margin of 14.10% and a return on equity of 10.03%. Morgan Stanley’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 earnings per share. equities analysts anticipate that Morgan Stanley will post 4.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Tuesday, January 30th. Morgan Stanley’s dividend payout ratio (DPR) is presently 26.60%.
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Morgan Stanley Company Profile
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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