Shares of Morgan Stanley (NYSE:MS) have been given a consensus recommendation of “Hold” by the sixteen ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $54.45.
Several brokerages recently commented on MS. Sandler O’Neill raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Thursday, October 10th. UBS Group reissued a “buy” rating and issued a $53.00 price target on shares of Morgan Stanley in a research note on Thursday. Pritchard Capital raised Morgan Stanley to a “buy” rating and set a $48.00 price target for the company in a research note on Thursday, October 10th. Oppenheimer set a $65.00 target price on Morgan Stanley and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, TheStreet upgraded Morgan Stanley from a “c+” rating to a “b-” rating in a report on Wednesday, September 18th.
Shares of NYSE MS traded up $1.32 during trading hours on Monday, hitting $44.98. The stock had a trading volume of 14,384,497 shares, compared to its average volume of 10,789,527. The company has a market capitalization of $71.80 billion, a P/E ratio of 9.76, a P/E/G ratio of 1.21 and a beta of 1.35. The firm’s 50-day moving average price is $42.66 and its two-hundred day moving average price is $43.52. Morgan Stanley has a 52 week low of $36.74 and a 52 week high of $48.67. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.77 and a current ratio of 0.77.
Morgan Stanley (NYSE:MS) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.17. The business had revenue of $10.03 billion during the quarter, compared to analysts’ expectations of $9.63 billion. Morgan Stanley had a return on equity of 10.91% and a net margin of 15.99%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 EPS. As a group, analysts expect that Morgan Stanley will post 4.67 EPS for the current fiscal year.
In related news, major shareholder Ufj Financial Group Mitsubishi sold 49,000 shares of the business’s stock in a transaction that occurred on Sunday, September 15th. The stock was sold at an average price of $1.01, for a total value of $49,490.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders purchased 420,000 shares of company stock valued at $426,300. Corporate insiders own 0.23% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Lourd Capital LLC raised its stake in shares of Morgan Stanley by 2.2% in the second quarter. Lourd Capital LLC now owns 10,652 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 233 shares in the last quarter. Outlook Wealth Advisors LLC raised its stake in shares of Morgan Stanley by 3.2% in the third quarter. Outlook Wealth Advisors LLC now owns 7,766 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 240 shares in the last quarter. Sandy Spring Bank raised its stake in shares of Morgan Stanley by 26.2% in the second quarter. Sandy Spring Bank now owns 1,262 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 262 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Morgan Stanley by 1.3% in the second quarter. Captrust Financial Advisors now owns 22,908 shares of the financial services provider’s stock valued at $1,004,000 after purchasing an additional 285 shares in the last quarter. Finally, Convergence Investment Partners LLC raised its stake in shares of Morgan Stanley by 0.7% in the second quarter. Convergence Investment Partners LLC now owns 43,074 shares of the financial services provider’s stock valued at $1,887,000 after purchasing an additional 293 shares in the last quarter. Institutional investors own 83.68% of the company’s stock.
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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