Shares of Morgan Stanley (NYSE:MS) have been given an average rating of “Hold” by the sixteen brokerages that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $57.20.
Several analysts have recently issued reports on MS shares. Royal Bank of Canada set a $60.00 target price on shares of Morgan Stanley and gave the company a “buy” rating in a research report on Wednesday, April 24th. ValuEngine lowered shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. BMO Capital Markets set a $69.00 target price on shares of Morgan Stanley and gave the company a “buy” rating in a research report on Friday, July 19th. Wells Fargo & Co reiterated a “buy” rating on shares of Morgan Stanley in a research report on Wednesday, April 17th. Finally, Oppenheimer set a $65.00 target price on shares of Morgan Stanley and gave the company a “buy” rating in a research report on Friday, July 19th.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tyers Asset Management LLC raised its stake in Morgan Stanley by 125.6% during the first quarter. Tyers Asset Management LLC now owns 81,840 shares of the financial services provider’s stock worth $3,454,000 after purchasing an additional 45,562 shares during the period. QUANTRES ASSET MANAGEMENT Ltd purchased a new position in Morgan Stanley during the first quarter worth about $827,000. Lowe Brockenbrough & Co. Inc. raised its stake in Morgan Stanley by 6.5% during the first quarter. Lowe Brockenbrough & Co. Inc. now owns 122,866 shares of the financial services provider’s stock worth $5,185,000 after purchasing an additional 7,452 shares during the period. Markston International LLC raised its stake in Morgan Stanley by 3.8% during the first quarter. Markston International LLC now owns 213,191 shares of the financial services provider’s stock worth $8,997,000 after purchasing an additional 7,770 shares during the period. Finally, Canandaigua National Bank & Trust Co. raised its stake in Morgan Stanley by 12.5% during the first quarter. Canandaigua National Bank & Trust Co. now owns 42,140 shares of the financial services provider’s stock worth $1,778,000 after purchasing an additional 4,697 shares during the period. Hedge funds and other institutional investors own 83.85% of the company’s stock.
Shares of NYSE MS traded down $1.51 during trading on Wednesday, hitting $40.61. The company had a trading volume of 422,777 shares, compared to its average volume of 8,539,254. The firm’s fifty day simple moving average is $44.01. Morgan Stanley has a fifty-two week low of $36.74 and a fifty-two week high of $50.84. The firm has a market capitalization of $68.47 billion, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 1.08 and a beta of 1.32. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.60.
Morgan Stanley (NYSE:MS) last announced its earnings results on Thursday, July 18th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.10. Morgan Stanley had a net margin of 16.06% and a return on equity of 11.10%. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $10.02 billion. During the same quarter last year, the business earned $1.30 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. Sell-side analysts predict that Morgan Stanley will post 4.78 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, July 30th. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 3.45%. Morgan Stanley’s payout ratio is presently 30.37%.
About Morgan Stanley
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 through Institutional Securities, Wealth Management, and Investment Management segments.
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