Morgan Stanley (NYSE:MS) Given Consensus Recommendation of “Hold” by Analysts

Morgan Stanley (NYSE:MSGet Rating) has earned an average recommendation of “Hold” from the nineteen brokerages that are presently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $100.75.

MS has been the subject of a number of research analyst reports. Piper Sandler lowered their target price on Morgan Stanley from $100.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, July 1st. Credit Suisse Group lowered their target price on Morgan Stanley from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, July 4th. Barclays lowered their target price on Morgan Stanley from $123.00 to $108.00 and set an “overweight” rating for the company in a report on Friday, July 15th. Oppenheimer lowered their target price on Morgan Stanley from $97.00 to $93.00 and set an “outperform” rating for the company in a report on Friday, July 15th. Finally, Royal Bank of Canada lowered their target price on Morgan Stanley from $97.00 to $80.00 and set a “sector perform” rating for the company in a report on Tuesday, June 28th.

Morgan Stanley Stock Performance

NYSE:MS opened at $85.05 on Thursday. The stock’s 50-day simple moving average is $79.57 and its 200 day simple moving average is $86.64. The firm has a market capitalization of $148.78 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.39. Morgan Stanley has a twelve month low of $72.05 and a twelve month high of $109.73.

Morgan Stanley (NYSE:MSGet Rating) last posted its earnings results on Thursday, July 14th. The financial services provider reported $1.39 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.32). The firm had revenue of $13.13 billion during the quarter, compared to the consensus estimate of $13.50 billion. Morgan Stanley had a net margin of 22.76% and a return on equity of 14.21%. Morgan Stanley’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.89 earnings per share. On average, analysts anticipate that Morgan Stanley will post 6.69 EPS for the current fiscal year.

Morgan Stanley announced that its board has initiated a share repurchase plan on Monday, June 27th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 14.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Morgan Stanley Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 29th will be paid a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.64%. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, July 28th. Morgan Stanley’s payout ratio is presently 41.89%.

Insider Activity at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo bought 25,000 shares of Morgan Stanley stock in a transaction that occurred on Thursday, May 12th. The stock was acquired at an average cost of $79.30 per share, for a total transaction of $1,982,500.00. Following the completion of the transaction, the director now directly owns 179,449 shares in the company, valued at $14,230,305.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Morgan Stanley

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp boosted its holdings in shares of Morgan Stanley by 2.1% in the 4th quarter. State Street Corp now owns 130,520,155 shares of the financial services provider’s stock worth $12,811,858,000 after purchasing an additional 2,714,510 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Morgan Stanley by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 119,462,176 shares of the financial services provider’s stock valued at $10,440,994,000 after acquiring an additional 1,524,370 shares during the period. Capital Research Global Investors boosted its holdings in Morgan Stanley by 100.7% during the 1st quarter. Capital Research Global Investors now owns 26,638,524 shares of the financial services provider’s stock valued at $2,328,216,000 after acquiring an additional 13,367,310 shares during the period. Geode Capital Management LLC boosted its holdings in Morgan Stanley by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 23,850,965 shares of the financial services provider’s stock valued at $2,334,943,000 after acquiring an additional 183,686 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Morgan Stanley by 11.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 22,052,848 shares of the financial services provider’s stock valued at $1,927,420,000 after acquiring an additional 2,274,156 shares during the period. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

About Morgan Stanley

(Get Rating)

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.

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Analyst Recommendations for Morgan Stanley (NYSE:MS)

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