Morgan Stanley (NYSE:MS) Receives $94.56 Average Price Target from Brokerages

Morgan Stanley (NYSE:MSGet Free Report) has been assigned a consensus rating of “Hold” from the nineteen research firms that are currently covering the stock, MarketBeat reports. Twelve research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $94.56.

Several research firms have recently commented on MS. HSBC lowered shares of Morgan Stanley from a “buy” rating to a “hold” rating and set a $96.00 price target on the stock. in a research report on Tuesday, January 9th. BNP Paribas lowered shares of Morgan Stanley from an “outperform” rating to a “neutral” rating and set a $85.00 price target on the stock. in a research report on Monday, November 20th. Evercore ISI lowered their price target on shares of Morgan Stanley from $102.00 to $97.00 and set an “outperform” rating on the stock in a research report on Thursday, October 19th. Odeon Capital Group cut shares of Morgan Stanley from a “buy” rating to a “hold” rating and set a $79.15 price target on the stock. in a research note on Monday, October 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $91.00 price target (down from $102.00) on shares of Morgan Stanley in a research note on Wednesday, January 17th.

Check Out Our Latest Report on Morgan Stanley

Morgan Stanley Price Performance

Shares of NYSE MS opened at $86.00 on Monday. The stock has a fifty day moving average price of $88.09 and a 200 day moving average price of $84.08. Morgan Stanley has a 1-year low of $69.42 and a 1-year high of $100.99. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $141.15 billion, a PE ratio of 16.63, a P/E/G ratio of 1.73 and a beta of 1.44.

Morgan Stanley (NYSE:MSGet Free Report) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.06. Morgan Stanley had a net margin of 9.49% and a return on equity of 10.33%. The firm had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.77 billion. During the same period in the prior year, the company posted $1.31 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts forecast that Morgan Stanley will post 6.38 EPS for the current year.

Morgan Stanley Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.95%. The ex-dividend date is Tuesday, January 30th. Morgan Stanley’s payout ratio is 65.76%.

Insider Activity at Morgan Stanley

In other news, CFO Raja Akram sold 7,000 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $83.56, for a total transaction of $584,920.00. Following the completion of the transaction, the chief financial officer now directly owns 97,634 shares in the company, valued at $8,158,297.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Andrew M. Saperstein sold 10,000 shares of Morgan Stanley stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $87.92, for a total value of $879,200.00. Following the completion of the transaction, the insider now directly owns 313,490 shares of the company’s stock, valued at approximately $27,562,040.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Raja Akram sold 7,000 shares of Morgan Stanley stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $83.56, for a total value of $584,920.00. Following the completion of the transaction, the chief financial officer now directly owns 97,634 shares of the company’s stock, valued at $8,158,297.04. The disclosure for this sale can be found here. Insiders sold a total of 81,500 shares of company stock worth $7,095,265 in the last quarter. 0.24% of the stock is owned by insiders.

Institutional Investors Weigh In On Morgan Stanley

Several hedge funds and other institutional investors have recently bought and sold shares of MS. BlackRock Inc. grew its stake in shares of Morgan Stanley by 4.0% in the 2nd quarter. BlackRock Inc. now owns 90,635,593 shares of the financial services provider’s stock worth $7,740,280,000 after acquiring an additional 3,480,402 shares in the last quarter. Capital Research Global Investors grew its holdings in Morgan Stanley by 7.3% during the second quarter. Capital Research Global Investors now owns 28,073,015 shares of the financial services provider’s stock valued at $2,397,435,000 after purchasing an additional 1,908,648 shares during the period. Capital International Investors boosted its holdings in Morgan Stanley by 5.8% in the 2nd quarter. Capital International Investors now owns 24,463,443 shares of the financial services provider’s stock worth $2,089,138,000 after buying an additional 1,341,559 shares during the period. Geode Capital Management LLC boosted its holdings in Morgan Stanley by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 23,626,016 shares of the financial services provider’s stock worth $2,012,223,000 after buying an additional 422,710 shares during the period. Finally, FMR LLC boosted its holdings in Morgan Stanley by 21.2% in the 3rd quarter. FMR LLC now owns 23,474,452 shares of the financial services provider’s stock worth $1,917,159,000 after buying an additional 4,098,577 shares during the period. 83.09% of the stock is owned by institutional investors.

Morgan Stanley Company Profile

(Get Free Report

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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