Morgan Stanley (NYSE:MS) had its price objective decreased by equities research analysts at Credit Suisse Group from $62.00 to $58.00 in a research note issued on Friday, The Fly reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Credit Suisse Group’s price objective indicates a potential upside of 40.37% from the company’s previous close.
MS has been the topic of a number of other reports. Zacks Investment Research lowered Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Wells Fargo & Co upgraded Morgan Stanley from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $56.00 to $60.00 in a research note on Wednesday, October 24th. HSBC lowered Morgan Stanley from a “buy” rating to a “hold” rating and set a $54.00 price objective on the stock. in a research note on Tuesday, October 2nd. UBS Group upgraded Morgan Stanley from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 16th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $62.00 price objective on shares of Morgan Stanley in a research note on Monday, September 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. Morgan Stanley has an average rating of “Buy” and an average target price of $58.29.
Shares of NYSE:MS opened at $41.32 on Friday. Morgan Stanley has a fifty-two week low of $40.95 and a fifty-two week high of $59.38. The stock has a market capitalization of $73.30 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 0.73 and a beta of 1.25. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.67.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.16. The company had revenue of $9.87 billion during the quarter, compared to analysts’ expectations of $9.55 billion. Morgan Stanley had a return on equity of 12.51% and a net margin of 15.93%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. As a group, analysts predict that Morgan Stanley will post 4.94 EPS for the current fiscal year.
In related news, major shareholder Stanley Morgan sold 327 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $23,000.00, for a total transaction of $7,521,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.19% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Westbourne Investment Advisors Inc. increased its stake in Morgan Stanley by 28.3% during the third quarter. Westbourne Investment Advisors Inc. now owns 35,205 shares of the financial services provider’s stock valued at $1,639,000 after acquiring an additional 7,770 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Morgan Stanley in the 2nd quarter valued at approximately $2,021,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Morgan Stanley by 23.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 56,813 shares of the financial services provider’s stock valued at $2,693,000 after purchasing an additional 10,807 shares during the period. Regentatlantic Capital LLC grew its stake in shares of Morgan Stanley by 8.8% in the 3rd quarter. Regentatlantic Capital LLC now owns 154,738 shares of the financial services provider’s stock valued at $7,206,000 after purchasing an additional 12,562 shares during the period. Finally, CENTRAL TRUST Co grew its stake in shares of Morgan Stanley by 12.0% in the 3rd quarter. CENTRAL TRUST Co now owns 32,798 shares of the financial services provider’s stock valued at $1,527,000 after purchasing an additional 3,507 shares during the period. Hedge funds and other institutional investors own 85.08% of the company’s stock.
Morgan Stanley Company Profile
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates Institutional Securities, Wealth Management, and Investment Management segments.
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