Morgan Stanley (MS) Rating Reiterated by Macquarie
Morgan Stanley (NYSE:MS)‘s stock had its “buy” rating restated by equities researchers at Macquarie in a report released on Wednesday. They presently have a $37.00 price target on the financial services provider’s stock. Macquarie’s target price would indicate a potential upside of 14.23% from the stock’s current price.
Several other equities research analysts have also issued reports on the stock. Wells Fargo & Co. reiterated a “hold” rating on shares of Morgan Stanley in a research note on Sunday, July 10th. Vetr lowered shares of Morgan Stanley from a “sell” rating to a “strong sell” rating and set a $26.38 price target on the stock. in a research note on Monday, August 15th. TheStreet upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating in a research note on Monday, July 25th. UBS AG lifted their price objective on shares of Morgan Stanley from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, July 21st. Finally, Royal Bank Of Canada set a $27.00 price objective on shares of Morgan Stanley and gave the company a “buy” rating in a research report on Tuesday, June 28th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $32.41.
Morgan Stanley (NYSE:MS) opened at 32.39 on Wednesday. The firm has a market cap of $61.92 billion, a price-to-earnings ratio of 14.98 and a beta of 2.09. Morgan Stanley has a 52-week low of $21.16 and a 52-week high of $35.74. The company has a 50-day moving average of $31.61 and a 200 day moving average of $27.95.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.16. Morgan Stanley had a net margin of 13.27% and a return on equity of 6.41%. The firm had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.30 billion. During the same period in the previous year, the business earned $0.79 EPS. The company’s revenue was down 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that Morgan Stanley will post $2.50 EPS for the current year.
In other news, major shareholder Stanley Morgan sold 357 shares of the company’s stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $23,750.00, for a total value of $8,478,750.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey S. Brodsky sold 19,955 shares of the company’s stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $28.79, for a total transaction of $574,504.45. Following the completion of the sale, the insider now directly owns 123,710 shares in the company, valued at $3,561,610.90. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Artemis Investment Management LLP raised its stake in Morgan Stanley by 32.1% in the second quarter. Artemis Investment Management LLP now owns 700,000 shares of the financial services provider’s stock worth $18,197,000 after buying an additional 170,000 shares in the last quarter. Legal & General Group Plc raised its stake in Morgan Stanley by 3.9% in the first quarter. Legal & General Group Plc now owns 6,209,559 shares of the financial services provider’s stock worth $155,316,000 after buying an additional 234,207 shares in the last quarter. Boston Advisors LLC raised its stake in Morgan Stanley by 36.8% in the second quarter. Boston Advisors LLC now owns 821,395 shares of the financial services provider’s stock worth $21,340,000 after buying an additional 220,974 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Morgan Stanley during the first quarter worth approximately $1,021,000. Finally, PGGM Investments raised its stake in Morgan Stanley by 3.0% in the second quarter. PGGM Investments now owns 986,220 shares of the financial services provider’s stock worth $25,622,000 after buying an additional 28,451 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors.
Morgan Stanley Company Profile
Morgan Stanley is a financial holding company. The Company is a global financial services firm that, through its subsidiaries and affiliates, advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. Its segments include Institutional Securities, Wealth Management and Investment Management.
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