JPMorgan Chase & Co. Issues Positive Forecast for Morgan Stanley (NYSE:MS) Stock Price

Morgan Stanley (NYSE:MSGet Free Report) had its price objective hoisted by research analysts at JPMorgan Chase & Co. from $157.00 to $162.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 12.48% from the stock’s previous close.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group restated a “neutral” rating on shares of Morgan Stanley in a research report on Tuesday. Royal Bank Of Canada raised their price objective on Morgan Stanley from $145.00 to $171.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 1st. BMO Capital Markets assumed coverage on Morgan Stanley in a research report on Friday, October 3rd. They set an “outperform” rating and a $180.00 target price on the stock. Citigroup upped their target price on Morgan Stanley from $155.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Finally, UBS Group boosted their price objective on shares of Morgan Stanley from $156.00 to $165.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $181.85.

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Morgan Stanley Stock Performance

Shares of MS stock traded up $0.30 during trading hours on Thursday, reaching $185.09. 1,860,144 shares of the company’s stock were exchanged, compared to its average volume of 4,081,266. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.79 and a quick ratio of 0.79. The company’s 50 day moving average is $172.14 and its two-hundred day moving average is $157.46. The company has a market cap of $294.17 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 1.45 and a beta of 1.20. Morgan Stanley has a 1 year low of $94.33 and a 1 year high of $188.82.

Morgan Stanley (NYSE:MSGet Free Report) last announced its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $2.80 earnings per share 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 firm had revenue of $17.98 billion for the quarter, compared to analyst estimates of $16.42 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. Morgan Stanley’s quarterly revenue was up 18.5% on a year-over-year basis. Equities research analysts anticipate that Morgan Stanley will post 8.56 EPS for the current fiscal year.

Insider Activity

In related news, CEO Edward Pick sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $164.34, for a total transaction of $16,434,000.00. Following the sale, the chief executive officer owned 574,986 shares in the company, valued at approximately $94,493,199.24. This trade represents a 14.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Morgan Stanley

Several hedge funds have recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC increased its stake in shares of Morgan Stanley by 111.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 211 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 111 shares during the last quarter. Princeton Global Asset Management LLC grew its stake in shares of Morgan Stanley by 645.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after buying an additional 155 shares during the period. WFA of San Diego LLC acquired a new stake in shares of Morgan Stanley during the 2nd quarter worth $28,000. Greykasell Wealth Strategies Inc. raised its position in shares of Morgan Stanley by 65.2% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 185 shares of the financial services provider’s stock worth $29,000 after buying an additional 73 shares during the period. Finally, Compass Financial Services Inc purchased a new stake in Morgan Stanley during the second quarter valued at about $32,000. Institutional investors and hedge funds own 84.19% of the company’s stock.

Key Morgan Stanley News

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

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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Analyst Recommendations for Morgan Stanley (NYSE:MS)

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