Morgan Stanley (NYSE:MS) Receives $94.56 Consensus PT from Brokerages

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

MS has been the subject of a number of research reports. Evercore ISI cut their target price on shares of Morgan Stanley from $102.00 to $97.00 and set an “outperform” rating for the company in a research note on Thursday, October 19th. Societe Generale lowered Morgan Stanley from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a report on Tuesday, November 28th. TheStreet downgraded Morgan Stanley from a “b” rating to a “c+” rating in a report on Wednesday, January 17th. Wolfe Research raised shares of Morgan Stanley from an “underperform” rating to a “peer perform” rating in a research report on Friday, October 20th. 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 report on Wednesday, January 17th.

Check Out Our Latest Research Report on MS

Insider Activity

In related news, CFO Raja Akram sold 7,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $83.56, for a total transaction of $584,920.00. Following the sale, the chief financial officer now owns 97,634 shares of the company’s stock, valued at approximately $8,158,297.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Morgan Stanley news, 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 transaction of $584,920.00. Following the transaction, the chief financial officer now directly owns 97,634 shares of the company’s stock, valued at approximately $8,158,297.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew M. Saperstein sold 10,000 shares of Morgan Stanley stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $84.13, for a total value of $841,300.00. Following the transaction, the insider now directly owns 323,490 shares in the company, valued at $27,215,213.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,500 shares of company stock worth $7,095,265. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Tanager Wealth Management LLP lifted its position in shares of Morgan Stanley by 2.5% in the 2nd quarter. Tanager Wealth Management LLP now owns 4,752 shares of the financial services provider’s stock worth $406,000 after buying an additional 118 shares during the last quarter. Calamos Wealth Management LLC lifted its position in Morgan Stanley by 1.2% in the 2nd quarter. Calamos Wealth Management LLC now owns 10,110 shares of the financial services provider’s stock valued at $863,000 after purchasing an additional 121 shares during the last quarter. Paces Ferry Wealth Advisors LLC lifted its position in Morgan Stanley by 3.4% in the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 3,771 shares of the financial services provider’s stock valued at $322,000 after purchasing an additional 123 shares during the last quarter. NBW Capital LLC raised its position in shares of Morgan Stanley by 4.2% during the 2nd quarter. NBW Capital LLC now owns 3,025 shares of the financial services provider’s stock worth $258,000 after buying an additional 123 shares in the last quarter. Finally, Oak Asset Management LLC raised its position in shares of Morgan Stanley by 0.7% during the 2nd quarter. Oak Asset Management LLC now owns 16,953 shares of the financial services provider’s stock worth $1,448,000 after buying an additional 125 shares in the last quarter. 83.09% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley Trading Down 0.1 %

Shares of NYSE:MS opened at $86.00 on Monday. Morgan Stanley has a 52-week low of $69.42 and a 52-week high of $100.99. The company has a market capitalization of $141.15 billion, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 1.73 and a beta of 1.44. The company has a 50-day simple moving average of $88.09 and a 200 day simple moving average of $84.08. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.76 and a current ratio of 0.76.

Morgan Stanley (NYSE:MSGet Free Report) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating 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 business had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $12.77 billion. During the same period last year, the business posted $1.31 EPS. Morgan Stanley’s revenue was up 1.2% on a year-over-year basis. Sell-side analysts forecast that Morgan Stanley will post 6.38 earnings per share for the current year.

Morgan Stanley Announces Dividend

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

About Morgan Stanley

(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.

See Also

Analyst Recommendations for Morgan Stanley (NYSE:MS)

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