Shares of Morgan Stanley (NYSE:MS) have been assigned an average rating of “Hold” from the seventeen brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $54.45.
Several brokerages have recently weighed in on MS. Odeon Capital Group lowered shares of Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. ValuEngine cut shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. UBS Group restated a “buy” rating and issued a $53.00 target price on shares of Morgan Stanley in a research note on Thursday, October 17th. TheStreet raised Morgan Stanley from a “c+” rating to a “b-” rating in a research report on Wednesday, September 18th. Finally, Sandler O’Neill raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Thursday, October 10th.
NYSE:MS opened at $49.08 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.58. Morgan Stanley has a twelve month low of $36.74 and a twelve month high of $49.98. The company has a fifty day moving average of $47.37 and a 200-day moving average of $43.86. The firm has a market capitalization of $80.09 billion, a P/E ratio of 10.65, a P/E/G ratio of 1.08 and a beta of 1.38.
Morgan Stanley (NYSE:MS) last issued its earnings results on Thursday, October 17th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.17. The business had revenue of $10.03 billion for the quarter, compared to analyst estimates of $9.63 billion. Morgan Stanley had a net margin of 15.99% and a return on equity of 10.86%. Morgan Stanley’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 earnings per share. On average, analysts anticipate that Morgan Stanley will post 4.74 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.35 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.85%. Morgan Stanley’s dividend payout ratio (DPR) is presently 30.37%.
In other Morgan Stanley news, insider Keishi Hotsuki sold 26,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $49.08, for a total transaction of $1,276,080.00. Following the completion of the transaction, the insider now owns 254,530 shares of the company’s stock, valued at approximately $12,492,332.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Ufj Financial Group Mitsubishi purchased 140,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $1.01 per share, with a total value of $141,400.00. The disclosure for this purchase can be found here. Insiders sold 151,105 shares of company stock worth $5,063,359 over the last ninety days. 0.23% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the company. Invesco Ltd. raised its position in Morgan Stanley by 3.4% in the second quarter. Invesco Ltd. now owns 21,671,991 shares of the financial services provider’s stock worth $949,451,000 after acquiring an additional 714,456 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of Morgan Stanley by 1,929.5% in the second quarter. Nuveen Asset Management LLC now owns 16,566,955 shares of the financial services provider’s stock worth $725,798,000 after buying an additional 15,750,661 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Morgan Stanley by 12.8% during the second quarter. Janus Henderson Group PLC now owns 8,323,739 shares of the financial services provider’s stock worth $364,667,000 after acquiring an additional 944,786 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in shares of Morgan Stanley by 18.5% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 7,278,764 shares of the financial services provider’s stock worth $1,032,162,000 after acquiring an additional 1,134,651 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Morgan Stanley by 1.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 6,156,854 shares of the financial services provider’s stock valued at $269,732,000 after acquiring an additional 113,460 shares in the last quarter. Hedge funds and other institutional investors own 84.04% 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 through Institutional Securities, Wealth Management, and Investment Management segments.
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