Morgan Stanley (NYSE:MS) Hits New 1-Year High – Time to Buy?

Shares of Morgan Stanley (NYSE:MSGet Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $182.00 and last traded at $181.72, with a volume of 2603652 shares changing hands. The stock had previously closed at $179.50.

Key Morgan Stanley News

Here are the key news stories impacting Morgan Stanley this week:

Wall Street Analysts Forecast Growth

A number of research firms have commented on MS. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Morgan Stanley in a research report on Wednesday, October 8th. Citigroup lifted their price target on shares of Morgan Stanley from $155.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. BMO Capital Markets started coverage on Morgan Stanley in a report on Friday, October 3rd. They issued an “outperform” rating and a $180.00 price objective on the stock. Dbs Bank upgraded Morgan Stanley to a “moderate buy” rating in a research note on Wednesday, November 12th. Finally, The Goldman Sachs Group increased their target price on shares of Morgan Stanley from $145.00 to $164.00 and gave the company a “neutral” rating in a research report on Friday, October 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Morgan Stanley has a consensus rating of “Moderate Buy” and a consensus price target of $174.77.

Check Out Our Latest Stock Report on Morgan Stanley

Morgan Stanley Stock Up 0.7%

The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 3.27. The company has a market capitalization of $287.39 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.46 and a beta of 1.22. The firm’s 50 day simple moving average is $167.70 and its 200-day simple moving average is $153.75.

Morgan Stanley (NYSE:MSGet Free Report) last issued its earnings results on Wednesday, October 15th. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.73. Morgan Stanley had a return on equity of 16.40% and a net margin of 13.85%.The business had revenue of $17.98 billion during the quarter, compared to the consensus estimate of $16.42 billion. During the same period in the prior year, the business posted $1.88 EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, sell-side analysts anticipate that Morgan Stanley will post 8.56 EPS for the current fiscal year.

Morgan Stanley Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, October 31st. Morgan Stanley’s dividend payout ratio is presently 41.03%.

Insiders Place Their Bets

In related news, CEO Edward Pick sold 100,000 shares of Morgan Stanley stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $164.34, for a total transaction of $16,434,000.00. Following the completion of the transaction, the chief executive officer directly owned 574,986 shares in the company, valued at $94,493,199.24. The trade was a 14.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Morgan Stanley

A number of large investors have recently modified their holdings of MS. Angeles Wealth Management LLC increased its holdings in shares of Morgan Stanley by 1.1% during the 3rd quarter. Angeles Wealth Management LLC now owns 5,843 shares of the financial services provider’s stock valued at $929,000 after acquiring an additional 61 shares during the last quarter. Bedel Financial Consulting Inc. boosted its position in Morgan Stanley by 2.1% during the third quarter. Bedel Financial Consulting Inc. now owns 3,120 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 63 shares during the period. Clear Creek Financial Management LLC grew its holdings in Morgan Stanley by 2.5% during the third quarter. Clear Creek Financial Management LLC now owns 2,616 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 64 shares during the last quarter. Cadence Bank raised its position in shares of Morgan Stanley by 3.0% in the third quarter. Cadence Bank now owns 2,183 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 64 shares during the period. Finally, Moss Adams Wealth Advisors LLC lifted its stake in shares of Morgan Stanley by 0.5% in the third quarter. Moss Adams Wealth Advisors LLC now owns 13,222 shares of the financial services provider’s stock worth $2,102,000 after buying an additional 65 shares during the last quarter. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

Morgan Stanley Company Profile

(Get Free Report)

Morgan Stanley (NYSE: MS) is a global financial services firm headquartered in New York City. Founded in 1935 by Henry S. Morgan and Harold Stanley, the company provides a broad range of investment banking, securities, wealth management and investment management services to corporations, governments, institutions and individual investors. Leadership has been guided by a senior executive team and board of directors; James P. Gorman has served as the company’s chief executive and chairman in recent years.

The firm’s primary business activities are organized around three principal businesses: Institutional Securities, Wealth Management and Investment Management.

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