Morgan Stanley (NYSE:MS)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays PLC in a note issued to investors on Wednesday. They currently have a $32.00 target price on the financial services provider’s stock. Barclays PLC’s price target points to a potential upside of 0.28% from the company’s previous close.

Several other equities research analysts have also recently weighed in on MS. Deutsche Bank AG reiterated a “hold” rating on shares of Morgan Stanley in a research report on Sunday, June 26th. RBC Capital Markets set a $32.00 price objective on shares of Morgan Stanley and gave the stock a “buy” rating in a research report on Thursday, July 21st. Vetr upgraded shares of Morgan Stanley from a “sell” rating to a “hold” rating and set a $26.38 price objective for the company in a research report on Wednesday, July 13th. Berenberg Bank assumed coverage on shares of Morgan Stanley in a research report on Wednesday, July 13th. They set a “hold” rating and a $29.00 price objective for the company. Finally, Royal Bank Of Canada increased their price objective on shares of Morgan Stanley from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, July 21st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $32.42.

Analyst Recommendations for Morgan Stanley (NYSE:MS)

Shares of Morgan Stanley (NYSE:MS) traded down 0.84% during midday trading on Wednesday, reaching $31.91. 6,743,261 shares of the company’s stock traded hands. The firm has a market cap of $61.01 billion, a PE ratio of 14.76 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 $31.80 and a 200 day moving average of $28.14.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ 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 company earned $8.91 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same period in the prior year, the company posted $0.79 earnings per share. Morgan Stanley’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, equities analysts predict that Morgan Stanley will post $2.50 EPS for the current fiscal year.

In other news, CFO Paul C. Wirth sold 18,929 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $31.70, for a total value of $600,049.30. Following the completion of the transaction, the chief financial officer now directly owns 195,748 shares in the company, valued at $6,205,211.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Stanley Morgan sold 357 shares of the firm’s stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $23,750.00, for a total transaction of $8,478,750.00. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. FineMark National Bank & Trust raised its position in Morgan Stanley by 2.0% in the second quarter. FineMark National Bank & Trust now owns 4,332 shares of the financial services provider’s stock worth $113,000 after buying an additional 84 shares during the period. Buckingham Capital Management Inc. raised its stake in shares of Morgan Stanley by 0.4% in the first quarter. Buckingham Capital Management Inc. now owns 35,092 shares of the financial services provider’s stock valued at $878,000 after buying an additional 138 shares during the last quarter. Rathbone Brothers plc raised its stake in shares of Morgan Stanley by 0.3% in the second quarter. Rathbone Brothers plc now owns 63,268 shares of the financial services provider’s stock valued at $1,644,000 after buying an additional 160 shares during the last quarter. Beaumont Financial Partners LLC raised its stake in shares of Morgan Stanley by 2.5% in the second quarter. Beaumont Financial Partners LLC now owns 9,027 shares of the financial services provider’s stock valued at $234,000 after buying an additional 218 shares during the last quarter. Finally, Cadence Capital Management LLC raised its stake in shares of Morgan Stanley by 0.8% in the second quarter. Cadence Capital Management LLC now owns 26,865 shares of the financial services provider’s stock valued at $698,000 after buying an additional 219 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.

About Morgan Stanley

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.

5 Day Chart for NYSE:MS

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