Morgan Stanley (MS) Rating Reiterated by BMO Capital Markets
Morgan Stanley (NYSE:MS)‘s stock had its “buy” rating reaffirmed by BMO Capital Markets in a research report issued on Tuesday.
Several other equities research analysts have also issued reports on MS. Vetr lowered Morgan Stanley from a “hold” rating to a “sell” rating and set a $32.18 price target on the stock. in a research report on Tuesday, November 8th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Morgan Stanley in a research report on Monday. Zacks Investment Research lowered Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Thursday, October 6th. Argus upped their price target on Morgan Stanley from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Finally, Buckingham Research raised Morgan Stanley from a “neutral” rating to a “buy” rating in a research report on Thursday, August 25th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $33.17.
Shares of Morgan Stanley (NYSE:MS) opened at 41.36 on Tuesday. The firm has a market cap of $77.46 billion, a P/E ratio of 16.62 and a beta of 1.87. Morgan Stanley has a 12-month low of $21.16 and a 12-month high of $41.64. The firm has a 50-day moving average price of $35.94 and a 200-day moving average price of $30.63.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Wednesday, October 19th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.17. The business had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.17 billion. Morgan Stanley had a return on equity of 7.57% and a net margin of 14.44%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. On average, equities research analysts expect that Morgan Stanley will post $2.71 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.93%. The ex-dividend date was Thursday, October 27th. Morgan Stanley’s dividend payout ratio is currently 32.00%.
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In other Morgan Stanley news, major shareholder Stanley Morgan sold 357 shares of the company’s stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of $23,750.00, for a total value of $8,478,750.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Thomas Colm Kelleher sold 222,712 shares of the company’s stock in a transaction dated Thursday, October 20th. The stock was sold at an average price of $32.90, for a total value of $7,327,224.80. Following the completion of the transaction, the president now directly owns 863,334 shares in the company, valued at $28,403,688.60. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of MS. ValueAct Holdings L.P. purchased a new position in shares of Morgan Stanley during the second quarter valued at $987,240,000. The Manufacturers Life Insurance Company purchased a new position in shares of Morgan Stanley during the third quarter valued at $311,936,000. Janus Capital Management LLC raised its position in shares of Morgan Stanley by 94.6% in the second quarter. Janus Capital Management LLC now owns 8,133,460 shares of the financial services provider’s stock valued at $211,307,000 after buying an additional 3,953,641 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Morgan Stanley by 204.1% in the third quarter. SG Americas Securities LLC now owns 1,738,247 shares of the financial services provider’s stock valued at $55,728,000 after buying an additional 3,407,976 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in shares of Morgan Stanley by 52.8% in the third quarter. TIAA CREF Investment Management LLC now owns 8,135,202 shares of the financial services provider’s stock valued at $260,815,000 after buying an additional 2,812,047 shares during the last quarter. 83.90% of the stock is currently owned by institutional investors.
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.
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