JPMorgan Chase & Co. reissued their buy rating on shares of Morgan Stanley (NYSE:MS) in a report released on Thursday. The firm currently has a $60.00 price objective on the financial services provider’s stock.
Other analysts have also recently issued research reports about the stock. Royal Bank of Canada reaffirmed a buy rating and set a $60.00 price target on shares of Morgan Stanley in a research report on Friday, January 19th. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $63.00 price target on shares of Morgan Stanley in a research report on Friday, December 22nd. Zacks Investment Research raised shares of Morgan Stanley from a hold rating to a buy rating and set a $59.00 price target on the stock in a research report on Monday, December 11th. Vining Sparks reaffirmed a buy rating and set a $60.00 price target on shares of Morgan Stanley in a research report on Monday, January 8th. Finally, Credit Suisse Group raised shares of Morgan Stanley to a buy rating and set a $58.00 price target on the stock in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $54.39.
Morgan Stanley (NYSE MS) traded up $0.76 during midday trading on Thursday, reaching $57.98. The company had a trading volume of 2,540,912 shares, compared to its average volume of 9,393,059. The firm has a market capitalization of $102,960.00, a P/E ratio of 15.92, a price-to-earnings-growth ratio of 0.98 and a beta of 1.49. Morgan Stanley has a 1-year low of $40.06 and a 1-year high of $59.38. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.75.
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, beating the Zacks’ consensus estimate of $0.77 by $0.07. The business had revenue of $9.50 billion during the quarter, compared to the consensus estimate of $9.25 billion. Morgan Stanley had a return on equity of 10.07% and a net margin of 14.10%. Morgan Stanley’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 earnings per share. sell-side analysts anticipate that Morgan Stanley will post 4.51 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, January 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.72%. Morgan Stanley’s dividend payout ratio (DPR) is presently 27.70%.
In related news, insider Daniel A. Simkowitz sold 87,050 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $53.55, for a total value of $4,661,527.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jonathan Pruzan sold 52,204 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $55.35, for a total transaction of $2,889,491.40. The disclosure for this sale can be found here. Insiders have sold a total of 239,254 shares of company stock worth $13,085,019 in the last three months. Insiders own 0.35% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. increased its stake in Morgan Stanley by 12.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 52,043 shares of the financial services provider’s stock valued at $2,507,000 after buying an additional 5,674 shares during the last quarter. New York State Common Retirement Fund increased its stake in Morgan Stanley by 0.4% in the 3rd quarter. New York State Common Retirement Fund now owns 3,635,000 shares of the financial services provider’s stock valued at $175,098,000 after buying an additional 15,000 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in Morgan Stanley by 90.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 36,085 shares of the financial services provider’s stock valued at $1,738,000 after buying an additional 17,090 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Morgan Stanley by 14.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 39,469 shares of the financial services provider’s stock valued at $1,901,000 after buying an additional 4,915 shares during the last quarter. Finally, Putnam FL Investment Management Co. purchased a new stake in Morgan Stanley in the 3rd quarter valued at about $3,090,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.
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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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